Address
575 Sw Madison Street, Madras, OR
Price
$ 309,000
Property Attributes
- MLS#220223781
- TypeSingle Family
- Listing Status Active
- CountyJEFFERSON
- CityMadras
- AreaNot Applicable
- NeighborhoodRailroad
- Zip97741
- StyleRanch
- Year Built1948
- Taxes$ 2505
- Price$ 309,000
- Bedrooms8
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3632
- Lot Size0.26 Acres
Data Source:
Southern Oregon MLS (SOMLS)
Property Description
R-2 Multifamily zoning offers a unique investment and value-add opportunity in the heart of Madras. This property features one completed and livable unit, while the additional units are ready for the next owner to finish and customize. The unfinished units includes a completed exterior along with rough framing, rough electrical, and rough HVAC already in place, providing a significant head start toward completion. The county has this listed as an 8 bedroom, 3 bath. Currently 1 unit is complete featuring 2 bedrooms and 1 bath. 8 bed potential once project is completed. With much of the groundwork already completed, this is a rare opportunity to finish this multifamily unit to your specifications and capitalize on the growing demand for housing in Central Oregon. Buyer to perform all due diligence regarding permits, approvals, zoning, and requirements for completion of the unfinished portion.
| Elementary School | Middle School | High School |
|---|---|---|
| Buff Elementary | Jefferson County Middle | Madras High |
| Price History | |
|---|---|
| 6/19/2026 | Listed $325,000 |
| 8/4/2026 | 5$309,000 |
General Features
| Living Area | 3632.0 |
|---|---|
| Sewer | Public Sewer |
| Heating | Electric |
| Cooling | None |
| Roof | Composition |
| Appliances | Dryer,Oven,Range,Range Hood,Washer,Water Heater |
| Architectural Style | Ranch |
| Construction Materials | Block,Frame |
| Exclusions | Sellers personal property |
| Year Built | 1948 |
| View | Neighborhood |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Parcel Number | 9649 |
| County | Jefferson |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Railroad |
| Garage Y/N | No |
| Full Baths | 3 |
| Status | Active |
| High School | Madras High |
| City | Madras |
| Senior Community Y/N | No |
| Zoning Description | R2 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 11325.6 |
| Carport Y/N | No |
| Elementary School | Buff Elementary |
| Land Lease Y/N | No |
| Tax Annual Amount | 2505.68 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Jefferson County Middle |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.zillow.com/view-imx/b2540973-2a9f-4793-942d-fee375748309?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard |
| Standard Status | Active |
| Short Term Rentals Permitted | No |
| MobileHomeRemainsYN | No |
| Sewer_co_Public_sp_Sewer | True |
| Utilities@Core.Permissions | None |
| Utilities_co_Cable_sp_Connected | True |
| Utilities_co_Natural_sp_Gas_sp_Available | True |
| Accessory Dwelling Unit Y/N | No |
| Water Body Access Y/N | None |
| Short Term Rental Permit Y/N | No |
| CCR Y/N | Yes |
Interior Features
| Interior Amenities | Breakfast Bar,Fiberglass Stall Shower |
|---|---|
| Basement | None |
| Flooring | Concrete,Laminate,Vinyl |
| Common Walls | 2+ Common Walls |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Window Features | Aluminum Frames,Double Pane Windows,Vinyl Frames |
| Total Bedrooms | 8 |
| LivingAreaSource | Assessor |
| Total Baths | 3 |
Exterior Features
| Parking Features | Alley Access,Concrete,Driveway,On Street,RV Access/Parking |
|---|---|
| Lot Features | Level |
| Water Source | Public |
| Lot Size Area | 0.26 |
| Foundation Details | Slab,Stemwall |
| Spa | No |
| Building Area Total | 3632.0 |
| Lot Size Acres | 0.26 |
| Road Surface Type | Paved |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97741
Price
Taxes
Year Built
Visits
The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Sisters are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).
This content last updated on September 10, 2026 3:58 AM UTC Some properties which appear for sale on this website may subsequently have sold or may no longer be
Southern Oregon Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
