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1535 SW Highway 97

Madras, OR 97741
  • $1,555,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 220227963
$1,555,000
  • 2
    BEDS
  • 1.45
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Willow Canyon Group :.

Description

Fantastic Central Oregon Investment Property - Fifteen (15) Units, fully leased, professionally managed apartment complex. Don't miss this rare opportunity to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedroom / 1 bath with mini split HVAC, washer/dryer hookups (some units provided). Walking distance to shopping, restaurants and bus service to Bend/Redmond. Excellent potential for investors looking to expand their portfolio with reliable income producing properties in a mature market at a affordable purchase price.

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Central Oregon Association of Realtors logo © 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Coldwell Banker Sun Country Realty, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Coldwell Banker Sun Country Realty, Inc.. Data last updated: .2026-09-07T23:43:43.143
www.cbsun.com/homes/180725533
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1535 SW Highway 97 Madras, OR 97741

  • Price: $1,555,000
  • Status: Active
  • On Site: 7 Days
  • MLS #: 220227963
2
Beds
1
Baths
0
½ Baths
1.45
Acres
1950
Built
Neighborhood:
Manathiela
County:
Jefferson
Area:
Madras
Elementary School:
Buff Elementary
Middle School:
Jefferson County Middle
High School:
Madras High
Property Description
Fantastic Central Oregon Investment Property - Fifteen (15) Units, fully leased, professionally managed apartment complex. Don't miss this rare opportunity to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedroom / 1 bath with mini split HVAC, washer/dryer hookups (some units provided). Walking distance to shopping, restaurants and bus service to Bend/Redmond. Excellent potential for investors looking to expand their portfolio with reliable income producing properties in a mature market at a affordable purchase price.
Exterior Features

Architectural Style Traditional Attached Garage YN No Construction Materials BlockFrame Exterior Features [] Foundation Details Stemwall Lot Features Corner LotLandscapedSloped Parking Features AsphaltDrivewayOn Street Roof Composition Window Features Aluminum FramesVinyl Frames

Interior Features

Appliances DishwasherDryerOvenRangeRange HoodRefrigeratorWasherWater Heater Basement None Cooling DuctlessOther Cooling YN Yes Fireplace Features [] Flooring CarpetVinyl Heating BaseboardWall FurnaceOther Heating YN Yes Interior Features Laminate CountersLinen ClosetOpen FloorplanShower/Tub Combo Levels OneTwo Unit1 Bedrooms 2 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Square Footage 925

Property Features

Accessibility Features [] Additional Parcels YN No Association Amenities [] Association YN No Building Area Total 14408 CCRs YN No Common Walls 1 Common Wall2+ Common Walls Community Features [] Flood Unknown Yes Listing Terms CashConventional New Construction YN No Other Structures [] Property Sub Type Multi Family Road Frontage Type Shared Access Road Surface Type Paved Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Sewer Public Sewer Short Term Rental Permit YN No Special Listing Conditions Standard Tax Annual Amount 14441.87 Tax Year 2025 Unit1 Monthly Rent 1100 Unit1 Rent Includes Garbage Yes Unit1 Rent Includes Landscaping Yes Unit1 Rent Includes Sewer Yes Unit1 Rent Includes Water Yes Unit1 Status Leased View [] Water Source Public Waterfront Features [] Zoning Description MUE

Listing information © 2026 MLS of Central Oregon
Listing provided courtesy of Willow Canyon Group :.

Central Oregon Association of Realtors logo © 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Coldwell Banker Sun Country Realty, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Coldwell Banker Sun Country Realty, Inc.. Data last updated: .2026-09-07T23:43:43.143
 
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Coldwell Banker Sun Country Realty, Inc.
715 NW 3rd St.
Prineville OR, 97754
Listing provided courtesy of Willow Canyon Group :.