$300,000
Was $309,000 Cut $9,000 (−2.9%)
Listed 128 days; a typical Madras home goes under contract in 53 days; $83 a square foot, about 67% below the Madras median of $250.
regional MLS through Oregon Data Share, median days from listing to contract, detached homes in Madras, trailing 90 days; median closed price per square foot, detached homes in Madras, trailing 12 months, computed Oct 22, 2026 (market_metric, detached). Days listed counts from this home's on-market date to today; $/sqft is this home's price over its living area.
This 8-bed, 3-bath home at 575 SW Madison Street in Madras is listed at $300,000. It has 3,632 square feet, sits on 0.26 acres, was built in 1948, and is in Railroad. Status is Active, with 128 days on market.
Overview
Interior
Exterior & lot
Systems & utilities
Financial
Listing
From the MLS listing. Verify with the listing broker.
R-2 Multifamily zoning offers a unique investment and value-add opportunity in the heart of Madras. This property features one completed and livable unit, while the additional units are ready for the next owner to finish and customize. The unfinished units includes a completed exterior along with rough framing, rough electrical, and rough HVAC already in place, providing a significant head start toward completion.
The county has this listed as an 8 bedroom, 3 bath. Currently 1 unit is complete featuring 2 bedrooms and 1 bath. 8 bed potential once project is completed.
With much of the groundwork already completed, this is a rare opportunity to finish this multifamily unit to your specifications and capitalize on the growing demand for housing in Central Oregon. Buyer to perform all due diligence regarding permits, approvals, zoning, and requirements for completion of the unfinished portion.
A rough estimate, not a quote. Loan amount $240,000 · $60,000 down · 30 year term.
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 $375,000, the middle of 161 single family closed sales over the last 12 months. (Oregon Data Share MLS, as of Oct 21, 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 22, 2026
| Date | Event | Price |
|---|---|---|
| Sep 16, 2026 | Price drop | $300,000$9K down |
| Aug 20, 2026 | Back on market | $309,000 |
| Aug 4, 2026 | Price drop | $309,000$16K down |
| Jun 19, 2026 | Listed | $325,000 |
| Year | Tax |
|---|---|
| 2025 | $2,506 |
Tax as filed on the listing. Jefferson County. Parcel 9649.
Madras · What to do about this house
The typical cut was 4.6% 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 21, 2026
Ryan Realty analysis · n=161 · read 2026-10-25 | Ryan Realty analysis · n=68 · read 2026-10-25 | Ryan Realty analysis · n=151 · read 2026-10-25 | public.listings, this listing · OriginalListPrice 325000 to ListPrice 300000 · first listed 2026-06-19 in this listing's history, earlier than OnMarketDate 2026-08-20, 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 Windermere Realty Trust
Data last updated October 25, 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.
