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Affordable space in the heart of Madras! This well cared for 1,815 sq ft home offers 4 bedrooms, 2 bathrooms & a desirable split-style floor plan with walk-in closets in every bedroom. Living & family room offers flexible floor plan to also use as formal dining room. Vaulted ceilings create an open feel while the thoughtful layout provides both comfort & functionality. Situated on a spacious quarter-acre corner sytle lot, the property features mature landscaping, a fully fenced yard, large deck perfect for summer evenings & front-row views of the 4th of July fireworks. Recent exterior paint & newer roof add peace of mind for buyers looking for value & pride of ownership. Enjoy year-round comfort with forced air heating & a heat pump. Outside you'll also find a detached double-car garage with workshop space, covered carport area & plenty of room for hobbies, storage & toys. A rare opportunity to find this much home, lot size & functionality at an affordable price point in Central Oregon
A rough estimate, not a quote. Loan amount $279,120 · $69,780 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
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| Date | Event | Price |
|---|---|---|
| Jun 10, 2026 | Price change | $349,000$21K down |
| May 8, 2026 | Listed | $370,000 |
$192 per sq ft
109 days on market. Madras median to pending is 53 days.
Tax $2,114 per year.
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 $1,798 ($1,625–$2,075) · HUD Fair Market Rent (FY2025), Jefferson County, 4BR. Edit to your own number.
At $348,900 with 20% down, this property runs $765 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.
Listing courtesy of Signet Realty, agent Ali Stensgar-Alire, 541-350-4859
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 $349,000, 23.3% below the Madras median list price. See full Madras market →