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Madras, OR Multifamily Homes & Duplexes for Sale

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  • /7

    $699,000

    • 3,684 Sq Ft

    63 NE 7th St, Madras, OR 97741

    Residential Rental Property Downtown Madras, adjacent to City Park and Splash Park. This property has 2 Duplexes on 1 tax lot with 4 residential units total, 100% occupied. Each unit is 921 sq. ft., 2 bedrooms and 1 bathroom. These properties are professionally managed, and upgrades were completed as required over the years. They have been kept up nice.Location is perfect for

    Richard Allen Willow Canyon Group

    63 NE 7th St, Madras, OR 97741
  • /18

    $569,000

    • 2,614 Sq Ft

    959 SW Willow St Unit & 961, Madras, OR 97741

    Discover an exceptional investment opportunity with this spacious 2,614 sq ft single level duplex. Total monthly rental income is $4,037! Each side offers 1,307 sq ft of well-designed living space, featuring 4 bedrooms and 2 full bathrooms—ideal for families, roommates, or tenants! Unit 961 has been thoughtfully and stylishly updated, showcasing a modern kitchen with new cabinetry, countertops,

    Selena Mcneill RE/MAX Key Properties

    959 SW Willow St Unit & 961, Madras, OR 97741
  • /40

    $599,000

    • 2,636 Sq Ft

    76 SE Hoff Ln, Madras, OR 97741

    Don't miss this fantastic investment opportunity! This well-maintained duplex offers stunning sunset views, with a picturesque backdrop of the mountains and historic train trestle right out front. Each unit features spacious living, updated finishes, and a bright, open layout. Larger side is a 3 bedroom 1 bath the other side is a 2 bedroom 1 bath. Outside, enjoy a fully fenced yard, a storage

    Wendi Monroe Realty One Group Discovery

    76 SE Hoff Ln, Madras, OR 97741
  • /14

    $3,200,000

    • 24 Beds
    • 24 Baths

    888 SE Kierra Place, Madras, OR 97741

    Thirteen individual townhomes being sold as a portfolio. Large units with great rental history in a neighborhood consisting of both owner occupied and homes held for investment. Park equity with option to sell off individual units as a long term 1031 strategy or quickly flip them onto the residential market for shorter term spec play. Flexible investment options in a solid rental market.NON-RMLS

    Joe Scharf JRS ONE LLC

    888 SE Kierra Place, Madras, OR 97741

Why Live in Madras

Madras, Oregon, is a small city known for its rural landscape and urban amenities, offering panoramic mountain views and a strong sense of community. Located about 15 miles from the Warm Springs Indian Reservation, Madras is culturally diverse and connected. Housing options range from mid-century single-story homes and cottages to contemporary single-family homes with vinyl exteriors and front porch posts. Manufactured home communities like Greenspot Mobile Home Park provide affordable living options. The city features numerous parks and green spaces, including Juniper Hills Park and Sahalee Park, connected by the Willow Creek Trail system. The Madras Aquatics Center offers indoor swimming facilities, while the nearby Cove Palisades State Park provides outdoor recreation with swim beaches, boat launches, and campgrounds. Downtown Madras is the commercial hub, with shops, restaurants, and entertainment venues like the Madras Performing Arts Center and Erickson Aircraft Collection. The Jefferson County Fairgrounds hosts annual events such as the Jefferson County Fair & Rodeo. Madras is served by the Jefferson County School District, with schools offering various educational programs. The city is pedestrian- and cyclist-friendly, with public transportation provided by Cascades East Transit. Madras Municipal Airport and Redmond Municipal Airport offer aviation services and commercial flights. Attractions in the area include the Warm Springs Reservation, featuring Indian Head Casino and Kah-Nee-Ta Hot Springs Resort. Madras has a lower crime risk compared to the national average, making it a safer place to live.

Home Trends in Madras, OR

Housing Trends

Median Sale Price
$360,000
Median Single Family Sale Price
$379,925
Average Price Per Sq Ft
$258
Number of Homes for Sale
99
Last 12 months Home Sales
192
Months of Supply
6.20
Median List Price
$398,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-3%
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