# 316 SW 1ST St, Madras, OR 97741 > **TL;DR:** 6bd/4ba residential multi family, $500,000 ($158/sqft), built 1944, 3,160 sqft. > View, A/C. Est. $2,674/mo. Listed 17 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $500,000 | | Price/sqft | $158 | | Bedrooms | 6 | | Bathrooms | 4 full | | Square Feet | 3,160 | | Year Built | 1944 | | Lot Size | 14,810 sqft (0.34 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 17 | ## Why This Home Stands Out - **Views** - Territorial ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,528 | | Estimated Insurance | $146 | | **Total** | **$2,674** | ## Nearby Schools - **Elementary:** Madras - **Middle:** Jefferson Co - **High:** Madras ## Key Amenities - View - A/C ## Property Highlights - Built in 1944 - 0.34 acre lot - 2 stories ## Description ### Agent 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. ## Location - **Address:** 316 SW 1ST St, Madras, OR 97741 - **County:** Jefferson - **Coordinates:** 44.631563, -121.134389 - **Google Maps:** https://www.google.com/maps?q=44.631563,-121.134389 ## Listing Agent - **Name:** Geoff Groener - **Brokerage:** Emerald Coast Realty - **Broker Phone:** (541) 563-3207 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/316-SW-1st-St_Madras_OR_97741_M17292-65335?f=listhub&s=RMLSOR&m=335689298&c=propsimple) ## Photos ![316 SW 1ST St - Photo 1](http://lh.rdcpix.com/805d39937f7c8a45524301ab576dd857l-f2671381714r.jpg) ![316 SW 1ST St - Photo 2](http://lh.rdcpix.com/805d39937f7c8a45524301ab576dd857l-f2047071531r.jpg) ![316 SW 1ST St - Photo 3](http://lh.rdcpix.com/805d39937f7c8a45524301ab576dd857l-f201417456r.jpg) ![316 SW 1ST St - Photo 4](http://lh.rdcpix.com/805d39937f7c8a45524301ab576dd857l-f3862531018r.jpg) ![316 SW 1ST St - Photo 5](http://lh.rdcpix.com/805d39937f7c8a45524301ab576dd857l-f3975642296r.jpg) ![316 SW 1ST St - Photo 6](http://lh.rdcpix.com/805d39937f7c8a45524301ab576dd857l-f1616224531r.jpg) ![316 SW 1ST St - Photo 7](http://lh.rdcpix.com/805d39937f7c8a45524301ab576dd857l-f1615878242r.jpg) --- **MLS#:** 335689298 | **Updated:** 2026-10-24 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/316-sw-1st-st-madras-or-97741-83e466a35266459780e8f334063cc734) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/316-sw-1st-st-madras-or-97741-83e466a35266459780e8f334063cc734#listing", "url": "https://staging.propertysimple.ai/listing/316-sw-1st-st-madras-or-97741-83e466a35266459780e8f334063cc734", "name": "316 SW 1ST St, Madras, OR 97741", "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. 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