About This Home

This 2-bedroom, 1-bathroom residential multi family at 115 NE A St in Madras, OR is listed for $1,190,000 ($194 per sqft). Built in 1961, the home offers 6,125 sqft of living space on a 0.46 acres lot.

Key Features

  • Built in 1961
  • 0.46 acre lot
  • 2 stories

Property Details

2 stories
1 full
1961

Amenities

ViewA/C
Listing Description

This property has been one of the best rental properties in Madras, with few if any vacancies. Great place for a family with lots of room to live & play, close to schools, trails & bowling center. While built in 1961, they have been owned by investors that have taken good care of the property for a long-term investment.

New Mini Split for HVAC added recently to all units. Nice grass backyard fully fenced. Adjacent to Sahalee Park, with splash park, playground equipment, pavilion and picnic areas. Within walking distance to shops, restaurants, banks and more.

Monthly Cost Estimate

$6,364/mo

20% down · 6.5% · 30 years

Principal$861
Interest$5,157
Insurance$347

Estimates only. Actual payments may vary.

Location

115 NE A St

Madras, OR 97741

Palmain

Property Details

Views

Territorial

Heating

BaseboardDuctless (Heating)

Cooling

Window Unit(s)

Questions & Answers

This 2-bedroom, 1-bathroom residential multi family at 115 NE A St is listed at $1,190,000 ($194/sqft). The estimated monthly payment is $6,364 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1961, 0.46 acre lot, 2 stories.

This property is listed by Geoff Groener.

GG

Geoff Groener

Agent at Emerald Coast Realty

Listed by Emerald Coast Realty · Broker phone: (541) 563-3207 · View on Broker Site · Broker website

MLS# 306803890· Source: Regional Multiple Listing Services· 42 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

115 NE A St, Madras, OR 97741

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