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2 Beds
1 Bath
14,408 sqft

$1,555,000

1535 SW Highway 97, Madras OR, 97741

Price per sqft$107.93
Built in1950
Property size14,408 sqft
Property typeMulti-family
Courtesy of Willow Canyon Group, Richard Allen

Overview

Active

Listed Aug 31, 2026

Updated Sep 1

Fantastic Central Oregon Investment Property - Fifteen (15) Units, fully leased, professionally managed apartment complex. Don't miss this rare opportunity to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedroom / 1 bath with mini split HVAC, washer/dryer hookups (some units provided). 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 a 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
220227963

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.45 Acres

Other Property Details

Taxes
$14,442
Tax Frequency
Annually

Courtesy of Willow Canyon Group, Richard Allen

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Data last updated 5:10 AM UTC, 9/1/2026

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