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Welcome to 23 NW Depot Rd #5 Madras! Fully remodeled 2 bed, 1 bath home with a bonus room and extensive upgrades throughout. A licensed plumber completed a full pipe replacement, new shower, new water heater, updated kitchen plumbing, and new washer lines. The bathroom features a new toilet, vanity, and fan. The home also includes all new windows, new exterior doors, and a full roof replacement with added insulation. Sub-flooring throughout the home was replaced approximately 5-6 years ago. Additional improvements include repairs to the tongue-and-groove structure, insulation of pipes and under the home, and installation of a certified ductless heating and cooling system with previous duct removal. Fresh interior paint, new trim, new vinyl flooring, painted deck stairs, and a stylish barn-style bathroom door complete the updates. This home is insurable!! . Space rent is $605/month and includes landscape maintenance, water, garbage, and sewer.
A rough estimate, not a quote. Loan amount $25,600 · $6,400 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
See everything for sale in Madras
| Date | Event | Price |
|---|---|---|
| May 14, 2026 | Canceled | $32,000 |
| Apr 23, 2026 | Price change | $32,000$6K down |
| Apr 7, 2026 | Price change | $38,000$500 down |
| Mar 24, 2026 | Listed | $38,000 |
$42 per sq ft
147 days on market. Madras median to pending is 53 days.
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 $32,000 with 20% down, this property cash-flows $578 per month, a 28.1% cap rate and 108.4% cash-on-cash return.
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 eXp Realty, LLC, agent Stephanie Stovall, 888-814-9613
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.
Mar 2024 to Aug 2026 (24 months) · Market Truth leftover, Madras city, monthly median close. Completed months only.
This home is listed at $32,000, 93.0% below the Madras median list price. See full Madras market →
