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Located on the outskirts of Madras. This property exudes rural charm and covers 25.15 acres of farm land, complete with irrigation rights from a well. It offers a unique opportunity for agricultural or equestrian enthusiasts alike, functioning as a mini-farm and horse property. At its heart, the property houses a meticulously cared for 1600 s.f. manufactured home. This carefully placed residence takes full advantage of the sweeping views of the surrounding countryside, providing ample space and comfort. The property additionally showcases two shops, one of 1440 s.f. and another measuring 1020 s.f., ideal spaces to cater to various needs of a functioning farm, be it routine storage or designated work areas. Also gracing the property is a 990 s.f. barn, to cater to the needs of a functional horse property. Furthermore, a covered 208 s.f. storage area offers added convenience and organization.
A rough estimate, not a quote. Loan amount $475,920 · $118,980 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, 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 5, 2025 | Price drop | $540,000$55K down |
| Sep 3, 2025 | Listed | $595,000 |
$372 per sq ft
56 days on market. Madras median to pending is 53 days.
Tax $1,310 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.
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Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $1,602 ($1,450–$1,850) · HUD Fair Market Rent (FY2025), Jefferson County, 3BR. Edit to your own number.
At $594,900 with 20% down, this property runs $2,159 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 Keller Williams Realty Central Oregon, agent Corey Graves, 541-585-3760
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 $595,000, 30.7% above the Madras median list price. See full Madras market →