
Investment opportunity. Front house has 2 bedrooms, 1 bath, original hardwood floors, upstairs loft. Large kitchen. ADU is 1 bedroom, 1 bathroom, living room. Kitchen. Each space has its own separate yard. Located downtown close to parks and shopping, this is your perfect opportunity to create a rental income. All sitting on a large corner .23 of an acre lot with dual driveways for each address. Proprety is in the flood plain.

▶ Tour
▶ Tour








Listing courtesy of Windermere Realty Trust, agent Barbara Barany
Data last updated June 27, 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.
This home is listed at $225,000 — 43.7% below the Madras median. See full Madras market →
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $180,000 · $45,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust 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 $225,000 with 20% down, this property runs $611 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.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
Get the rental projection