Listed price in listed location currency (USD).
$325,000

830

MLS® 220223781

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 3632 sqft
Garage 
Taxes $2,506
Days Active 2
Lot Size 0.26 Acres
Approx. Age 1948
Avg. Price Per Sqft $89
MLS® Number 220223781

Property Address: 575 Sw Madison St, Madras, OR, 97741-1233

Average square foot calculated using Size range provided by listing agent.

Description

R-2 Multifamily zoning offers a unique investment and value-add opportunity in the heart of Madras. This property features one completed and livable unit, while the additional units are ready for the next owner to finish and customize. The unfinished units includes a completed exterior along with rough framing, rough electrical, and rough HVAC already in place, providing a significant head start toward completion. The county has this listed as an 8 bedroom, 3 bath. Currently 1 unit is complete featuring 2 bedrooms and 1 bath. 8 bed potential once project is completed. With much of the groundwork already completed, this is a rare opportunity to finish this multifamily unit to your specifications and capitalize on the growing demand for housing in Central Oregon. Buyer to perform all due diligence regarding permits, approvals, zoning, and requirements for completion of the unfinished portion.
MLS® Number220223781
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1948
BasementNone
DrivewayAlley Access, Concrete, Driveway, On Street, RV Access/Parking
Garage Spaces
HeatElectric
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 19, 2026List Date
$325,000List Price
  • Commute

Commute

Starting Address
Destination Address
575 Sw Madison St, Madras, OR

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