About This Home

This 8-bedroom, 4-bathroom residential multi family at 1535 SW HIGHWAY 97 in Madras, OR is listed for $1,555,000 ($111 per sqft). Built in 1950, the home offers 14,008 sqft of living space on a 1.45 acres lot.

Key Features

  • Built in 1950
  • 1.45 acre lot
  • 2 stories

Property Details

2 stories
4 full
1950

Amenities

ViewA/C
Listing Description

Fantastic Central Oregon Investment Opportunity - Fifteen Unit (15) Fully Leased Apartment Complex. Don't miss this rare chance to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedrooms/1 bath with mini split HVAC, washer/dryer hookups.

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 an affordable purchase price.

Monthly Cost Estimate

$8,316/mo

20% down · 6.5% · 30 years

Principal$1,125
Interest$6,738
Insurance$454

Estimates only. Actual payments may vary.

Location

1535 SW HIGHWAY 97

Madras, OR 97741

Property Details

Views

Territorial

Heating

Baseboard

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 1535 SW HIGHWAY 97 is listed at $1,555,000 ($111/sqft). The estimated monthly payment is $8,317 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 1.45 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# 173981808· Source: Regional Multiple Listing Services· 64 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.

1535 SW HIGHWAY 97, Madras, OR 97741

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