About This Home

This 6-bedroom, 4-bathroom residential multi family at 316 SW 1st Street in Madras, OR is listed for $500,000 ($154 per sqft). Built in 1979, the home offers 3,250 sqft of living space on a 0.34 acres lot.

Key Features

  • Built in 1979
  • 0.34 acre lot
  • 2 stories

Property Details

2 stories
4 full
1979

Amenities

A/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 is 1 - two 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. Seller prefers OREF forms. Showing of units requires an accepted offer. Walking the property and rent roll information available through listing agent.

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 Street

Madras, OR 97741

Property Details

Flooring

CarpetLaminateTile

Construction

Block Brick Frame

Parking

On Street

Heating

Ductless (Heating)

Cooling

Ductless

Appliances

Electric CooktopElectric OvenRefrigeratorElectric CooktopElectric OvenRefrigerator

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 316 SW 1st Street is listed at $500,000 ($154/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 1979, 0.34 acre lot, 2 stories.

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# 26-2737· Source: Oregon Coast MLS· 16 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.

316 SW 1st Street, Madras, OR 97741

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