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Residential Rental Property Downtown Madras, adjacent to City Park and Splash Park. This property has 2 Duplexes on 1 tax lot with 4 residential units total, 100% occupied. Each unit is 921 sq. ft., 2 bedrooms and 1 bathroom. These properties are professionally managed, and upgrades were completed as required over the years. They have been kept up nice.
Location is perfect for walking, biking, close to all downtown services, library, banks, restaurants, parks, bike/walking trail, and schools. Only one owner since the property was developed. County ''real market value'' above listed price. Great opportunity for an investor to start or expand current residential rental investments.
A rough estimate, not a quote. Loan amount $540,000 · $135,000 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, 26 pending, 18 sold in the last 30 days. Point at a mark to read it, or slide the price.
In Madras, near Lake Billy Chinook.
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.
| Date | Event | Price |
|---|---|---|
| Nov 4, 2025 | Price drop | $625,000$50K down |
| Sep 5, 2025 | Price drop | $675,000$24K down |
| Jul 1, 2025 | Listed | $699,000 |
$183 per sq ft
121 days on market. Madras median to pending is 53 days.
Tax $5,269 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
Listing courtesy of Willow Canyon Group, agent Richard Allen, 541-475-2220
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.
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 $675,000, 48.4% above the Madras median list price. See full Madras market →