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1451 SW Olive Street in Madras is listed at $4,900,000. It has 51,675 square feet, sits on 3 acres, and was built in 2025. Status is Active, with 516 days on market.
Overview
Interior
Exterior & lot
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Listing
From the MLS listing. Verify with the listing broker.
**For Sale: Mini-Storage Investment - 1451 SW Olive St, Madras, OR** Turnkey 3-acre self-storage facility featuring 51,675 SQFT under roof with 290 total units. Estimated annual income projects a cap rate of 7%+. Property includes a **keypad entry automated gate**, new curbs, sidewalks, privacy fencing, ADA parking, and newly paved street. Self-serve tenant signup system, exterior security lighting, and WiFi connectivity offer modern convenience and low overhead. Located in a prime area with easy access to all parts of Madras. Excellent opportunity for investors seeking strong returns in a growing Central Oregon market. Room for additional growth up to 100 units.
A rough estimate, not a quote. Loan amount $3,920,000 · $980,000 down · 30 year term. The listing reports no usable tax bill, so taxes are estimated at 0.57% of price.
Insurance starts at 0.35% of price each year. Type your quote to replace it.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Madras. The wash is sales density of closes in the last 90 days; homes for sale and pending stay as marks. Pulses and the sold count are the closes of the last 30 days. Counts and medians cover every listing read for this map.
The median sale price is $375,500, the middle of 159 single family closed sales over the last 12 months. (Oregon Data Share MLS, as of Oct 29, 2026)
Madras
live MLS through Oregon Data Share, active single-family houses in Madras, the same count and median list the Madras market figures on this site publish. This price is the published list price. Months of supply = active listings divided by average monthly closings over the last 6 months (homes closed in the last 6 months divided by 6). A lower months-of-supply figure means fewer homes for sale relative to the recent sales pace. · updated Oct 30, 2026
| Date | Event | Price |
|---|---|---|
| Jan 9, 2026 | Price drop | $4,900,000$300K down |
| Jun 1, 2025 | Listed | $5,200,000 |
| Year |
|---|
| 2024 |
Tax as filed on the listing. Jefferson County. Parcel 1757.
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Madras · What to do about this house
The typical cut was 4.5% off the original ask, and the typical home went under contract in 57 days.
Madras single family homes · every sale that closed in the 12 months to October 29, 2026
Ryan Realty analysis · n=159 · read 2026-10-30 | Ryan Realty analysis · n=67 · read 2026-10-30 | Ryan Realty analysis · n=150 · read 2026-10-30 | public.listings, this listing · OriginalListPrice 5200000 to ListPrice 4900000 · OnMarketDate 2025-06-01, calendar days to today in America/Los_Angeles · not DaysOnMarket, which is list-to-close
Tour requests usually get a same-day reply.
Listing courtesy of eXp Realty, LLC
Data last updated October 30, 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.
