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8 Beds
4 Baths
14,008 sqft

$1,555,000

1535 SW HIGHWAY 97, Madras OR, 97741

Price per sqft$111.01
Built in1950
Property size14,008 sqft
Property typeMulti-family
Listing Courtesy of Emerald Coast Realty-Seal Rock, Geoff Groener. 541-390-4488

Overview

Active

Listed Aug 26, 2026

Updated Sep 3

Fantastic Central Oregon Investment Opportunity - Fifteen Unit (15) Fully Leased Apartment Complex. Don't miss this rare chance to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedrooms/1 bath with mini split HVAC, washer/dryer hookups. Walking distance to shopping, restaurants and bus service to Bend/Redmond. Excellent potential for investors looking to expand their portfolio with reliable income producing properties in a mature market at an affordable purchase price.

$10,345/mo

Est. mortgage payment based on a $1,555,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
173981808

Interior Features

Bedrooms
8
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.45 Acres

Other Property Details

Taxes
$14,442
Tax Frequency
Annually
View
Yes
MLS provider logo

Listing Courtesy of Emerald Coast Realty-Seal Rock, Geoff Groener. 541-390-4488

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Rise Above Realty are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 9/3/2026, 3:27 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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