Central Oregon Homes, Land & Acreage for Sale

Madras, OR 97741

$2,750,000

Property Type: Residential Income Square Footage: 17,453 Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $2,750,000 List Date: 6/25/2026 Last Modified: 8/18/2026

Overview

Description

Investment Opportunity! Thirteen townhomes in Madras offered together as a portfolio sale. All units are 100% occupied, bringing in $19,115 per month in rent with a consistent rental history. Each property has been professionally maintained and is located near schools, parks, and community amenities. This is an ideal option for investors seeking immediate income and long-term growth potential in Central Oregon. Units may also be purchased in groups of four, allowing flexibility for portfolio diversification or step-in expansion. Detailed rent rolls, leases, and expense information available upon request. A rare chance to secure multiple income-producing assets in one offering.

Listing Details MLS# 220224049

General Property Information

Property Sub Type: Multi Family
Building Area Total: 17453
Building Area Source: Assessor
Building Area Units: Acres
# of Units Total: 12
Year Built: 2007
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: R
Tax Annual Amount: 25287
Tax Year: 2025
Assessment YN: No
CC&R's YN: Yes
Association YN: Yes
Association Fee: 300
Association Fee Frequency: Annually
Preferred Escrow Company & Officer: Brittni Ford - Deschutes Title
FIRPTA YN: No
Sign On Property YN: No

Property Features

Appliances: Oven; Range Architectural Style: Northwest Common Walls: 1 Common Wall Construction Materials: Frame Cooling: None Flooring: Carpet; Laminate Foundation Details: Stemwall Heating: Forced Air; Natural Gas Levels: One; Two Roof: Composition Unit 1 Rent Includes: Sewer; Water Unit 2 Rent Includes: Sewer; Water Unit 3 Rent Includes: Sewer; Water Unit 4 Rent Includes: Sewer; Water Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available Flood: N/A Lot Features: Level Parking Features: Attached; Driveway Structure Type: Townhouse Association Amenities: Other Power Production: None Sewer: Public Sewer Water Source: Public Listing Terms: Cash Special Listing Conditions: Standard

Location Tax and Legal

County: Jefferson
State: OR
Postal Code: 97741
Subdivision Name: Strawberry Heights

Contract Information

Original List Price: 2750000
List Price per SqFt: 157.57
Listing Contract Date: 2026-06-25

Remarks and Miscellaneous

Public Remarks: Investment Opportunity! Thirteen townhomes in Madras offered together as a portfolio sale. All units are 100% occupied, bringing in $19,115 per month in rent with a consistent rental history. Each property has been professionally maintained and is located near schools, parks, and community amenities. This is an ideal option for investors seeking immediate income and long-term growth potential in Central Oregon. Units may also be purchased in groups of four, allowing flexibility for portfolio diversification or step-in expansion. Detailed rent rolls, leases, and expense information available upon request. A rare chance to secure multiple income-producing assets in one offering.

Status Change Information

Status Change Timestamp: 2026-06-25

More Information

Unit 1

Unit #: 304 SE Lei
# Full Baths: 2
Monthly Rent: 1388

Unit 2

Unit #: 320 SE Lei
# of Bedrooms: 3
# Full Baths: 2
Monthly Rent: 1690

Unit 3

Unit #: 322 SE Lei
# of Bedrooms: 2
# Full Baths: 2
# Half Baths: Yes
Monthly Rent: 1750

Unit 4

Unit #: 338 SE Lei
# of Bedrooms: 2
# Full Baths: 2
# Half Baths: Yes
Monthly Rent: 1750

Unit 5 or More

Unit List Attached: Yes

Parking Details

# of Garages: 12

Income and Expenses (Annual Amounts)

Gross Income: 19115
Number of Units Leased: 13

Listing Office: Cascade Hasson SIR

Last Updated: August - 18 - 2026

Information deemed reliable but not guaranteed.