433 SE 9th St Madras, OR 97741
Estimated payment $1,869/month
Total Views
9,918
3
Beds
2
Baths
1,863
Sq Ft
$169
Price per Sq Ft
Highlights
- Hydro Power
- Territorial View
- No HOA
- Deck
- 2-Story Property
- Covered Patio or Porch
About This Home
Excellent Investment Opportunity - 433 & 435 SE 9th St Madras. Two Homes on One Property! This income-producing property features two separate homes on one lot (not a duplex). The larger residence offers 1,376 sq. ft. with 2 bedrooms and 1 bathroom, while the smaller home includes 487 sq. ft. with 1 bedroom and 1 bathroom. Both homes have updated electrical, HVAC, Roof, and plumbing systems and 3 year old solar system, keeping utility costs extremely low. Current monthly rental income is $2,700, making this a strong cash-flow opportunity. Each unit includes its own private storage area. Both homes are in good condition with updated flooring and fixtures throughout. Tenants are long-term, reliable renters. Fridges, ranges, washers & dryers included. Buyer may assume solar lease of $38,000 at 0.5%. If Buyer assumes lease, purchase price reduced accordingly. No showings without an accepted offer. Seller is licensed Oregon, Real Estate Agent.
Listing Agent
eXp Realty, LLC Brokerage Phone: 503-915-8271 License #201207796 Listed on: 02/27/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,256
Year Built
- Built in 1946
Lot Details
- 6,970 Sq Ft Lot
- No Common Walls
- Fenced
- Xeriscape Landscape
- Sloped Lot
- Garden
Parking
- Driveway
Home Design
- Duplex
- 2-Story Property
- Traditional Architecture
- Slab Foundation
- Stem Wall Foundation
- Frame Construction
- Composition Roof
- Metal Roof
- Concrete Perimeter Foundation
Kitchen
- Range
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Dual Flush Toilets
- Bathtub with Shower
Laundry
- Dryer
- Washer
Home Security
- Surveillance System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Eco-Friendly Details
- Hydro Power
- Solar owned by seller
Outdoor Features
- Courtyard
- Deck
- Covered Patio or Porch
- Fire Pit
- Shed
Schools
- Buff Elementary School
- Jefferson County Middle School
- Madras High School
Utilities
- Cooling System Mounted To A Wall/Window
- Zoned Heating and Cooling System
- Heat Pump System
- Wall Furnace
- Water Heater
Additional Features
- Territorial Views
- Partial Basement
Listing and Financial Details
- Assessor Parcel Number 10155
Community Details
Overview
- No Home Owners Association
- 2 Units
- Madras Subdivision
Building Details
- Professional Management Expense $3,432
- Gross Income $34,320
- Net Operating Income $27,888
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,256 | $109,800 | -- | -- |
| 2024 | $2,217 | $106,610 | -- | -- |
| 2023 | $2,077 | $103,510 | $0 | $0 |
| 2022 | $2,046 | $100,500 | $0 | $0 |
| 2021 | $1,959 | $97,580 | $0 | $0 |
| 2020 | $1,918 | $94,740 | $0 | $0 |
| 2019 | $1,851 | $91,990 | $0 | $0 |
| 2018 | $1,793 | $89,320 | $0 | $0 |
| 2017 | $1,727 | $86,720 | $0 | $0 |
| 2016 | $1,597 | $84,200 | $0 | $0 |
| 2015 | $1,162 | $74,420 | $0 | $0 |
| 2014 | $1,162 | $62,930 | $0 | $0 |
| 2013 | -- | $46,170 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/15/2026 03/15/26 | Price Changed | $315,000 | -7.1% | $169 / Sq Ft | |
| 02/27/2026 02/27/26 | For Sale | $339,000 | 0.0% | $182 / Sq Ft | |
| 02/24/2026 02/24/26 | Pending | -- | -- | -- | |
| 02/22/2026 02/22/26 | For Sale | $339,000 | +247.7% | $182 / Sq Ft | |
| 03/23/2018 03/23/18 | Sold | $97,500 | -7.1% | $71 / Sq Ft | View Prior Sale |
| 03/06/2018 03/06/18 | Pending | -- | -- | -- | |
| 02/05/2018 02/05/18 | For Sale | $104,900 | -- | $76 / Sq Ft |
Source: Oregon Datashare
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $206,000 | Amerititle | |
| Sheriffs Deed | $91,263 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $202,268 | FHA |
Source: Public Records
About the Listing Agent
**Why Choose Me as Your Real Estate Agent?**
Over 25 years experience in the real estate industry, I am committed to serving your best interests with utmost honesty and integrity. Understanding that buying or selling property can be complex and demanding, I have crafted tailored manuals for both sellers and buyers. These guides are designed to help you navigate the market effectively, regardless of its current state. My approach is centered around understanding your specific needs and
E Lamar's Other Listings
-
$299,000
- Land
- 1.15 Acres
- $260,000 per Acre
- 00504 NE Us Highway 97
- Madras, OR
AWESOME COMMERCIAL INVESTMENT OPPORTUNITY !!!!Located on HWY 97 and 26, between the Dollar General and Abby's Pizza, and across the street from the Dollar Tree. This property presents an array of options for any Entrepreneur or Investor. Retail, Professional, Resturant, Single or Multi-Tenant project, or ??? Property access is off of Brush ln. Contact City of Madras and DOT concerning access off
E Lamar Yoder eXp Realty, LLC
Source: Oregon Datashare
MLS Number: 220215771
APN: 111312-BC-06800
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© 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.
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