About This Home

This 6-bedroom, 4-bathroom residential multi family at 316 SW 1ST St in Madras, OR is listed for $500,000 ($158 per sqft). Built in 1944, the home offers 3,160 sqft of living space on a 0.34 acres lot.

Key Features

  • Built in 1944
  • 0.34 acre lot
  • 2 stories

Property Details

2 stories
4 full
1944

Amenities

ViewA/C
Listing Description

Great rental investment property in Madras. There are 2 buildings, one built in 1944 a triplex with 1- two-bedroom unit & 2- one-bedroom units. The single unit built in 1977 is one 2-bedroom unit. The vacancy rate is very low, demand is high. Fantastic opportunity to get in the investment property market and/or add to a portfolio.

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,167
Insurance$146

Estimates only. Actual payments may vary.

Location

316 SW 1ST St

Madras, OR 97741

Property Details

Views

Territorial

Heating

Ductless (Heating)

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 316 SW 1ST St is listed at $500,000 ($158/sqft). The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1944, 0.34 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# 335689298· Source: Regional Multiple Listing Services· 15 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.

316 SW 1ST St, Madras, OR 97741

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