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Commercial property in the heart of Madras that currently has 18 rental units. It has consistently produced over $10,000/month in rental income. It is definitely worth a look for the income investor.
A rough estimate, not a quote. Loan amount $780,000 · $195,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
111 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.
| Date | Event | Price |
|---|---|---|
| Sep 17, 2025 | Price drop | $760,000$215K down |
| Jul 25, 2025 | Listed | $975,000 |
$182 per sq ft
53 days on market. Madras median to pending is 53 days.
Tax $5,052 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 Dreams Realty Group, LLC, agent Joseph McDonald, 541-475-3030
Data last updated September 3, 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.
Keep exploring
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 $975,000, 114.3% above the Madras median list price. See full Madras market →