30 Beds
15 Baths
14,008 sqft
$1,555,000
1535 US-97, Madras OR, 97741
Price per sqft$111.01
Built in1950
Property size14,008 sqft
Property typeMulti-family
Overview
Active
Listed Aug 25, 2026
Updated 4 weeks ago
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.
$10,345/mo
Est. mortgage payment based on a $1,555,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 26-2338
Interior Features
- Bedrooms
- 30
- Bathrooms
- 15
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 1.45 Acres
Other Property Details
- Taxes
- $14,442
- Tax Frequency
- Annually
- 55+/Senior Community
- No
Courtesy of Emerald Coast Realty - Depoe Bay
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sand + Cedar Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2026 Lincoln County Board of REALTORS. All rights reserved.