Listed by: Richard Allen · Willow Canyon Group
- — beds
- 0 baths
- — sqft
316 SW 1st Street, Madras, OR 97741
- QuadruplexHome type
- Built in 1979Year built
- 0.34 acresLot
- NoneHOA
About this home
Great rental investment property in Madras. There are 2 buildings, one built in 1944 a triplex with 1- two-bedroom unit & 2- one-bedroom units. The single unit built in 1977 is one 2-bedroom unit. The vacancy rate is very low, demand is high. Fantastic opportunity to get in the investment property market and/or add to a portfolio.
Facts & features
Interior
- Bathrooms
- 0
- Levels
- One
Appliances
- Oven
- Range
- Refrigerator
Heating & cooling
- Ductless
- Other
- Ductless
- Other
Flooring
- Carpet
- Laminate
- Tile
Property
- Lot size
- 0.34 acres
- Subdivision
- Railroad
View
- Neighborhood
Parking
- On Street
- Other
Construction
- Home type
- Quadruplex
- Property type
- Residential Income
- Year built
- 1979
Materials
- Block
- Brick
- Frame
- Metal roof
Utilities
Sewer & water
- Public Sewer
- Public water
Community & HOA
- Subdivision
- Railroad
- HOA dues
- None
- County
- Jefferson
Financial & listing details
- List price
- $500,000
- Annual property tax
- $2,078
- Date on market
- Oct 6, 2026
- Days on market
- 0
- MLS#
- 220229648
Price & status history
| Date | Event | Price |
|---|---|---|
| Oct 6, 2026 | Listed for sale | $500,000 |
Neighborhood
- SubdivisionRailroad
- CityMadras, OR 97741
- CountyJefferson
Payment calculator
Estimated monthly payment
$2,805/mo
- Principal & interest$2,528
- Property taxes$173
- Homeowners insurance$104
- HOA dues$0
Loan amount $400,000 · 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.
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Listing provided by Willow Canyon Group · Listing agent: Richard Allen
- Source
- MLS of Central Oregon
- MLS#
- 220229648
- Last updated
- Oct 6, 2026 at 4:13 PM
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.