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Minature hobby farm on 1.02 acres with a small shop with a meat locker and attached tack room and potential wash rack, Adorable hay barn, very nice shed, additional area was tack room now being used as glorified chicken coup. Fully fenced, gated and private. Minutes from town. Plenty of room for a couple of horses and a run in shed for weather protection. The double wide manufactured home has some nice updates with a covered front porch and covered back porch. Property is fully fenced in for your fur babies from going out but not get too far. The bathroom has been updated with new vanity and tile shower, new flooring in kitchen and bedrooms. A new septic tank was installed 6/23. This could be an amazing opportunity for the right people. There are currently tenants in place, PLEASE do not disturb them and road leads right to their home please call for an appointment and do not do a drive by.
A rough estimate, not a quote. Loan amount $215,999 · $54,000 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.
Education
| Date | Event | Price |
|---|---|---|
| Dec 1, 2025 | Price drop | $245,000$25K down |
| Oct 14, 2025 | Price drop | $270,000$5K down |
| Oct 6, 2025 | Listed | $275,000 |
$281 per sq ft
55 days on market. Madras median to pending is 53 days.
Tax $1,369 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 $1,143 ($1,025–$1,325) · HUD Fair Market Rent (FY2025), Jefferson County, 2BR. Edit to your own number.
At $269,999 with 20% down, this property runs $788 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 Coldwell Banker Bain, agent Carol Swendsen, 541-382-4123
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 $270,000, 40.7% below the Madras median list price. See full Madras market →