N/A, Madras, OR

$439,900

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0.51

Acres

About N/A

Investment opportunity with strong income potential and versatility. This property features three units including a duplex and a single wide manufactured home situated on over half an acre. The duplex offers two 2 bed, 1 bath units, each approximately 810 sq ft with attached carports and fenced yards, supported by a long term rental history. The manufactured home sits on its own approx. 10,000 sq ft lot, providing flexibility for additional income or future potential. Ideally located in the heart of Madras directly across from the high school, performing arts center and tennis courts, and close to shopping and local amenities, creating consistent rental appeal. Ample space, multiple income streams and potential for expansion make this a compelling option for investors or owner occupants looking to offset costs. Buyer to perform due diligence with the City regarding future opportunities.

Features of N/A

MLS® # 220220195
Price $439,900
Acres 0.51
Year Built 1959
Type Residential Income
Sub-Type Multi Family
Style Ranch
Status Active

Community Information

Address N/A
Subdivision Palmain
City Madras
County Jefferson
State OR
Zip Code 97741

Amenities

Parking Asphalt, Attached Carport, Driveway, No Garage
View City, Neighborhood
Is Waterfront No

Interior

Interior Features Shower/Tub Combo
Appliances Dryer, Oven, Range, Refrigerator, Washer
Heating Electric, Zoned
Cooling None
Fireplace No
Stories One
Basement None

Exterior

Lot Description Corner Lot, Fenced, Landscaped
Windows Aluminum Frames
Roof Composition, Metal
Construction Frame
Foundation Pillar/Post/Pier, Stemwall

School Information

Elementary Buff Elementary
Middle Jefferson County Middle
High Madras High

Additional Information

Date Listed April 27th, 2026
Days on Market 59
Zoning R1

Listing Details

OfficeSignet Realty

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