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1535 SW Highway 97 in Madras is listed at $1,555,000. It has 14,408 square feet, sits on 1.45 acres, was built in 1950, and is in Manathiela. Status is Pending, with 70 days on market.
Overview
Interior
Exterior & lot
Systems & utilities
Financial
Listing
From the MLS listing. Verify with the listing broker.
Fantastic Central Oregon Investment Property - Fifteen (15) Units, fully leased, professionally managed apartment complex. Don't miss this rare opportunity to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedroom / 1 bath with mini split HVAC, washer/dryer hookups (some units provided). Walking distance to shopping, restaurants and bus service to Bend/Redmond. Excellent potential for investors looking to expand their portfolio with reliable income producing properties in a mature market at a affordable purchase price.
A rough estimate, not a quote. Loan amount $1,244,000 · $311,000 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 |
|---|---|---|
| Nov 2, 2026 | Pending | $1,555,000 |
| Aug 31, 2026 | Listed | $1,555,000 |
| Year | Tax |
|---|---|
| 2025 | $14,442 |
Tax as filed on the listing. Jefferson County. Parcel 1828.
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 2026-08-31, 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.
