About 1535 Sw Highway 97
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.
Features of 1535 Sw Highway 97
| MLS® # | 220227963 |
|---|---|
| Price | $1,555,000 |
| Acres | 1.45 |
| Year Built | 1950 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 1535 Sw Highway 97 |
|---|---|
| Subdivision | Manathiela |
| City | Madras |
| County | Jefferson |
| State | OR |
| Zip Code | 97741 |
Amenities
| Parking | Asphalt, Driveway, On Street |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Laminate Counters, Linen Closet, Open Floorplan, Shower/Tub Combo |
|---|---|
| Appliances | Dishwasher, Dryer, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater |
| Heating | Baseboard, Wall Furnace, Other |
| Cooling | Ductless, Other |
| Fireplace | No |
| Stories | One, Two |
| Basement | None |
Exterior
| Lot Description | Corner Lot, Landscaped, Sloped |
|---|---|
| Windows | Aluminum Frames, Vinyl Frames |
| Roof | Composition |
| Construction | Block, Frame |
| Foundation | Stemwall |
School Information
| Elementary | Buff Elementary |
|---|---|
| Middle | Jefferson County Middle |
| High | Madras High |
Additional Information
| Date Listed | August 19th, 2026 |
|---|---|
| Days on Market | 12 |
| Zoning | MUE |
Listing Details
| Office | Willow Canyon Group |
|---|