575 SW Madison Street Madras, OR 97741
Listing Courtesy of: Oregon Datashare / Listed By: Dustin Hewitt, Windermere Realty Trust

  575 SW Madison Street Madras, OR 97741

Active (1 Days)
$325,000 (USD)
8
BED
3
BATH
3,632
SQFT

Description

R-2 Multifamily zoning offers a unique investment and value-add opportunity in the heart of Madras. This property features one completed and livable unit, while the additional units are ready for the next owner to finish and customize. The unfinished units includes a completed exterior along with rough framing, rough electrical, and rough HVAC already in place, providing a significant head start toward completion.

The county has this listed as an 8 bedroom, 3 bath. Currently 1 unit is complete featuring 2 bedrooms and 1 bath. 8 bed potential once project is completed.

With much of the groundwork already completed, this is a rare opportunity to finish this multifamily unit to your specifications and capitalize on the growing demand for housing in Central Oregon. Buyer to perform all due diligence regarding permits, approvals, zoning, and requirements for completion of the unfinished portion.

MLS #:
220223781
Taxes
$2,506(2025)
Lot Size
0.26 acres
Type
Single-Family Home
Year Built
1948
Style
Ranch
Views
Neighborhood
County
Jefferson County

Listed By

Dustin Hewitt, Windermere Realty Trust
Source
Oregon Datashare
Last checked Jun 20 2026 at 7:30 AM PDT
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Breakfast Bar
  • Fiberglass Stall Shower
Kitchen
  • Range
  • Water Heater
  • Oven
  • Range Hood
  • Dryer
  • Washer
Subdivision
  • Railroad
Lot Information
  • Level
Property Features
  • Foundation: Stemwall
  • Foundation: Slab
Heating and Cooling
  • Electric
  • None
Flooring
  • Laminate
  • Vinyl
  • Concrete
Exterior Features
  • Roof: Composition
Utility Information
  • Sewer: Public Sewer
School Information
  • Elementary School: Buff Elementary
  • Middle School: Jefferson County Middle
  • High School: Madras High
Parking
  • Concrete
  • Driveway
  • On Street
  • Alley Access
  • Rv Access/Parking
Stories
  • Two
Living Area
  • 3,632 sqft
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Estimated Monthly Mortgage Payment

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Disclaimer:
© 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than (insert company name) are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Windermere Real Estate Services Company, Inc.. Data last updated: 6/20/26 00:30.