Overview
Interior
Exterior & lot
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Listing
R-2 Multifamily zoning offers a unique investment and value-add opportunity in the heart of Madras. This property features one completed and livable unit, while the additional units are ready for the next owner to finish and customize. The unfinished units includes a completed exterior along with rough framing, rough electrical, and rough HVAC already in place, providing a significant head start toward completion.
The county has this listed as an 8 bedroom, 3 bath. Currently 1 unit is complete featuring 2 bedrooms and 1 bath. 8 bed potential once project is completed.
With much of the groundwork already completed, this is a rare opportunity to finish this multifamily unit to your specifications and capitalize on the growing demand for housing in Central Oregon. Buyer to perform all due diligence regarding permits, approvals, zoning, and requirements for completion of the unfinished portion.
A rough estimate, not a quote. Loan amount $247,200 · $61,800 down · 30 year term.
Insurance starts at 0.35% of price each year. Type your quote to replace it.
sold in the last 90 days
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. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
Madras
leftover membership, active single-family houses in Madras. 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). 4 months of supply or less is a seller's market, above 4 and under 6 is balanced, 6 or more is a buyer's market. · updated Sep 14, 2026
| Date | Event | Price |
|---|---|---|
| Aug 20, 2026 | Listed | $325,000$16K up |
| Aug 4, 2026 | Price change | $309,000 |
| Year | Tax |
|---|---|
| 2025 | $2,506 |
Tax as filed on the listing. Jefferson County. Parcel 9649.
Madras · What to do about this house
The typical cut was 4.3% off the original ask, and the typical home went under contract in 54 days.
Madras single family homes · every sale that closed in the 12 months to September 13, 2026
public.market_metric · stat_id=pct_with_price_cut · geo_type=city · geo_slug=madras (Madras) · segment=detached · window_months=12 · definition_id=mt-v1 · n=142 · complete_through=2026-09-13 · read 2026-09-14 | public.market_metric · stat_id=median_price_cut_pct · geo_type=city · geo_slug=madras (Madras) · segment=detached · window_months=12 · definition_id=mt-v1 · n=58 · complete_through=2026-09-13 · read 2026-09-14 | public.market_metric · stat_id=median_days_to_contract · geo_type=city · geo_slug=madras (Madras) · segment=detached · window_months=12 · definition_id=mt-v1 · n=130 · complete_through=2026-09-13 · read 2026-09-14 | public.listings, this listing · OriginalListPrice 325000 to ListPrice 309000 · OnMarketDate 2026-08-20, calendar days to today in America/Los_Angeles · not DaysOnMarket, which is list-to-close
Tour requests usually get a same-day reply.
“Fantastic professional service. Goes the extra mile to cover the needs of his customers. Always prompt with replies and providing up to date…”Paul Robinson
Listing courtesy of Windermere Realty Trust, agent Dustin Hewitt, 541-923-4663
Data last updated September 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.
