About This Home

This 16-bedroom, 8-bathroom residential multi family at 115 NE A Street 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
  • 12 parking spaces

Property Details

2 stories
8 full
12 spaces
1961

Amenities

A/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 Street

Madras, OR 97741

Property Details

Flooring

CarpetLaminate

Construction

Frame

Parking

OpenOn StreetDriveway

Heating

Ductless (Heating)BaseboardElectric (Heating)

Cooling

DuctlessWindow Unit(s)

Appliances

Electric OvenElectric RangeRefrigeratorElectric OvenElectric RangeRefrigerator

Questions & Answers

This 16-bedroom, 8-bathroom residential multi family at 115 NE A Street 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, 12 parking spaces.

This property is listed by Geoffrey Michael Groener.

GG

Geoffrey Michael Groener

License 200410294

Agent at Emerald Coast Realty

Listed by Emerald Coast Realty · Broker phone: (541) 283-3589 · View on Broker Site · Broker website

MLS# 26-2508· Source: Oregon Coast MLS· 43 days on PropertySimple

Copyright © 2026 Oregon Coast MLS. 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 Street, Madras, OR 97741

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