Discover the charm and potential of country living on this 2-acre property spanning two tax lots just north of Madras. Surrounded by productive farmland, open skies, and wonderful neighbors, this classic 1960s home offers vintage character and rural tranquility. The beautifully updated kitchen features custom hickory cabinetry, abundant storage, and all appliances included. A delightful surprise awaits in the bedrooms, where you'll find gorgeous original oak hardwood floors. Zoned Agricultural, the property offers ample space for gardening, livestock, hobbies, and future improvements. A serviceable barn provides room for pigs, chickens, hay, and feed storage. Enjoy extensive garden areas, North Unit Irrigation, and service from Opal Springs domestic water, plus a private well that may benefit from a new pump. Property will be fully cleaned prior to closing. A wonderful opportunity to create your own Central Oregon homestead.
Listing courtesy of Engel & Voelkers Bend, agent Tricia Hansen
Data last updated July 14, 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 $500,000 — 25.0% above the Madras median. See full Madras market →
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $400,000 · $100,000 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 $1,602 ($1,450–$1,850) · HUD Fair Market Rent (FY2025), Jefferson County, 3BR. Edit to your own number.
At $499,900 with 20% down, this property runs $1,750 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.
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