575 SW Madison Street, Madras, OR 97741
$300,000
Property Type:
Residential
Bedrooms:
8
Baths:
3
Square Footage:
3,632
Lot Size (sq. ft.):
11,326
Status:
Active
Current Price:
$300,000
List Date:
8/20/2026
Last Modified:
9/16/2026
Overview
Description
Listing Details MLS# 220223781
General Property Information
- Property Sub Type
- Single Family Residence
- Bedrooms Total
- 8
- Bathrooms Total
- 3
- Bathrooms Full
- 3
- Garage YN
- No
- Total Living Area SqFt
- 3632
- Main House SqFt
- 3632
- SqFt Source
- Assessor
- Year Built
- 1948
- Accessory Dwelling Unit YN
- No
- Rented YN
- No
- Short Term Rental Permit YN
- No
- New Construction YN
- No
- Elementary School
- Buff Elementary
- Middle Or Junior School
- Jefferson County Middle
- High School
- Madras High
- Zoning
- R2
- Tax Annual Amount
- 2505.68
- Tax Year
- 2025
- CC&R's YN
- Yes
- Association YN
- No
- Senior Community YN
- No
- Preferred Escrow Company & Officer
- Deschutes Title - Cassie
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Appliances:
Dryer; Oven; Range; Range Hood; Washer; Water Heater
Architectural Style:
Ranch
Basement:
None
Common Walls:
2+ Common Walls
Construction Materials:
Block; Frame
Cooling:
None
Flooring:
Concrete; Laminate; Vinyl
Foundation Details:
Slab; Stemwall
Heating:
Electric
Interior Features:
Breakfast Bar; Fiberglass Stall Shower
Levels:
Two
Roof:
Composition
Rooms:
Kitchen; Laundry; Living Room
Window Features:
Aluminum Frames; Double Pane Windows; Vinyl Frames
Flood:
Unknown
Lot Features:
Level
Parking Features:
Alley Access; Concrete; Driveway; On Street; RV Access/Parking
Road Surface Type:
Paved
View:
Neighborhood
Utilities:
Cable Connected; Electricity Connected; Natural Gas Available; Phone Available
Power Production:
None
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 575
- Street Dir Prefix
- SW
- Street Name
- Madison
- Street Suffix
- Street
- County
- Jefferson
- State
- OR
- Postal Code
- 97741
- Subdivision Name
- Railroad
Contract Information
- Original List Price
- 325000
- List Price per SqFt
- 82.6
- Listing Contract Date
- 2026-06-19
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Back on Market Date
- 2026-08-20
- Status Change Timestamp
- 2026-08-20
More Information
Listing Office:
Windermere Realty Trust
Last Updated: September - 16 - 2026
Information deemed reliable but not guaranteed.