Listed by: Richard Allen · Willow Canyon Group
- — beds
- 0 baths
- — sqft
115 NE A Street, Madras, OR 97741
- Multi FamilyHome type
- Built in 1961Year built
- 0.46 acresLot
- NoneHOA
About this home
This property has been one of the best rental properties in Madras, with few if any vacancies. Great place for a family with lots of room to live & play, close to schools, trails & bowling center. While built in 1961, they have been owned by investors that have taken good care of the property for a long-term investment. New Mini Split for HVAC added recently to all units. Nice grass backyard fully fenced. Adjacent to Sahalee Park, with splash park, playground equipment, pavilion and picnic areas. Within walking distance to shops, restaurants, banks and more.
Facts & features
Interior
- Bathrooms
- 0
- Levels
- Two
Features
- Laminate Counters
- Linen Closet
- Pantry
- Shower/Tub Combo
Appliances
- Oven
- Range
- Range Hood
- Refrigerator
Heating & cooling
- Baseboard
- Ductless
- Electric
- Other
- Ductless
- Wall/Window Unit(s)
- Other
Flooring
- Carpet
- Laminate
- Vinyl
Property
- Lot size
- 0.46 acres
- Subdivision
- Palmain
View
- Park/Greenbelt
Parking
- Driveway
- No Garage
- On Street
- Parking Lot
Construction
- Home type
- Multi Family
- Property type
- Residential Income
- Year built
- 1961
Materials
- Frame
- Metal roof
Utilities
Sewer & water
- Public Sewer
- Public water
Community & HOA
- Subdivision
- Palmain
- HOA dues
- None
- County
- Jefferson
Financial & listing details
- List price
- $1,190,000
- Annual property tax
- $8,572
- Date on market
- Sep 15, 2026
- Days on market
- 17
- MLS#
- 220228698
Price & status history
| Date | Event | Price |
|---|---|---|
| Sep 15, 2026 | Listed for sale | $1,190,000 |
Neighborhood
- SubdivisionPalmain
- CityMadras, OR 97741
- CountyJefferson
Payment calculator
Estimated monthly payment
$6,979/mo
- Principal & interest$6,017
- Property taxes$714
- Homeowners insurance$248
- HOA dues$0
Loan amount $952,000 · 30-year fixed at 6.5%
An estimate for planning, not a loan offer. The 6.5% rate is an example; ask a lender for today’s rate. Taxes use the listing’s annual tax amount. Insurance is estimated; mortgage insurance is not included.
Similar homes
$1,200,000— bds|0 ba|— sqft - House for sale646 SW Palmain Place, Madras, OR 97741Listing provided by Coldwell Banker Commercial Realty · MLSCO
$1,250,000— bds|0 ba|— sqft - House for sale8576 NW Mecca Road, Madras, OR 97741Listing provided by eXp Realty, LLC · MLSCO
$1,000,0003 bds|1 ba|1,514 sqft - House for sale1201 NW Highway 26, Madras, OR 97741Listing provided by Harcourts The Garner Group Real Estate · MLSCO
$984,900— bds|0 ba|— sqft - House for sale0 SW 6th Street Unit 4, 5, 6, Metolius, OR 97741Listing provided by Keller Williams Realty Central Oregon · MLSCO
$969,0003 bds|2 ba|3,011 sqft - House for sale2250 NW Elm Lane, Madras, OR 97741Listing provided by Dreams Realty Group, LLC · MLSCO
Price cut$949,0004 bds|3.5 ba|3,602 sqft - House for sale4647 SW Belmont Lane, Madras, OR 97741Listing provided by eXp Realty, LLC · MLSCO
Listing provided by Willow Canyon Group · Listing agent: Richard Allen
- Source
- MLS of Central Oregon
- MLS#
- 220228698
- Last updated
- Sep 15, 2026 at 11:48 AM
Listing information is deemed reliable but not guaranteed and should be independently verified. Listings shown are for demonstration while our MLS of Central Oregon IDX feed is being set up.