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316 SW 1st Street in Madras is listed at $500,000. It has 3,160 square feet, sits on 0.34 acres, was built in 1979, and is in Railroad. Status is Active, with 34 days on market.
Overview
Interior
Exterior & lot
Systems & utilities
Financial
Listing
From the MLS listing. Verify with the listing broker.
Great rental investment property in Madras. There are 2 buildings, one built in 1944 a triplex with 1- two-bedroom unit & 2- one-bedroom units. The single unit built in 1977 is one 2-bedroom unit.
The vacancy rate is very low, demand is high. Fantastic opportunity to get in the investment property market and/or add to a portfolio.
A rough estimate, not a quote. Loan amount $400,000 · $100,000 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 159 single family closed sales over the last 12 months. (Oregon Data Share MLS, as of Nov 8, 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 Nov 9, 2026
| Date | Event | Price |
|---|---|---|
| Oct 6, 2026 | Listed | $500,000 |
| Year | Tax |
|---|---|
| 2025 | $2,078 |
Tax as filed on the listing. Jefferson County. Parcel 9493.
Madras · What to do about this house
The typical cut was 4.5% 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 November 8, 2026
Ryan Realty analysis · n=159 · read 2026-11-09 | Ryan Realty analysis · n=66 · read 2026-11-09 | Ryan Realty analysis · n=150 · read 2026-11-09 | public.listings, this listing · OnMarketDate 2026-10-06, 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 Willow Canyon Group
Data last updated November 10, 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.
