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Charming Cottage in the heart of Madras. Discover this beautifully renovated 1-bedroom, 1-bath, 556 sq. ft. home, nestled on a spacious double tax lot totaling 7,841 sq. ft. Built in 1920, this cottage seamlessly blends historic charm with modern updates, including new electrical, water heater, roofing, hardwood flooring, and fresh paint. The fully fenced lot offers ample space for a large yard or potential outdoor building, making it perfect for gardening, entertaining, or simply enjoying the outdoors. With a move-in-ready appeal, this cozy home is a rare find in Madras—ideal for those seeking a quick and easy transition to their next chapter.
A rough estimate, not a quote. Loan amount $175,920 · $43,980 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
110 listings of every type for sale, 25 pending, 19 sold in the last 30 days. Point at a mark to read it, or slide the price.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Madras, plus the closes of the last 30 days. Counts and medians cover every listing read for this map. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
Education
| Date | Event | Price |
|---|---|---|
| May 6, 2025 | Price drop | $202,000$18K down |
| Feb 18, 2025 | Listed | $220,000 |
$396 per sq ft
74 days on market. Madras median to pending is 53 days.
Tax $1,072 per year.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Listing fields from Spark. Place median from the live pulse. This is an estimate, not an appraisal. It is not a guarantee of price. See our terms.
New listings
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $871 ($775–$1,000) · HUD Fair Market Rent (FY2025), Jefferson County, 1BR. Edit to your own number.
At $219,900 with 20% down, this property runs $706 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
Listing courtesy of Signet Realty, agent Ali Stensgar-Alire, 541-350-4859
Data last updated September 2, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
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In Madras, near Lake Billy Chinook.
Median close price $385,000 in Aug 2026, down 4.5% from Aug 2025.
Mar 2024 to Aug 2026 (24 months) · Market Truth leftover, Madras city, monthly median close. Completed months only.
This home is listed at $220,000, 51.7% below the Madras median list price. See full Madras market →