$315,000
$24K PRICE DROP

433 SE 9th St Madras, OR 97741

Estimated payment $1,858/month

Total Views 13,352
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

E Lamar Yoder

eXp Realty, LLC Brokerage Phone: 503-915-8271 License #201207796 Listed on: 02/27/2026

eXp Realty, LLC

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,256

Year Built

Built in 1946

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Architectural Style: Ranch, Traditional
  • Directions: Highway 97, East on buff Street, and North on 9th Street to the property.
  • Unit Levels: One, Two
  • Lot Size Acres: 0.16
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Road Frontage Type: Shared Access
  • Road Surface Type: Paved
  • Subdivision Name: Madras
  • Year Built: 1946
  • Attribution Contact: 503-915-8271
  • Total Gross Income: 34320.0
  • Professional Management Expense: 3432.0
  • Co List Office Phone: 888-814-9613
  • MLS Status: Active
  • General Property Information Audio Surveillance on Premises YN: Yes
  • Special Features: None

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer, Water Heater
  • Has Basement: Partial
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Dual Flush Toilet(s), Laminate Counters, Pantry, Solid Surface Counters, Shower/Tub Combo, Fiberglass Stall Shower, Walk-In Closet(s)

Exterior Features

  • Common Walls: No Common Walls
  • Construction Type: Block, Frame
  • Exterior Features: Courtyard, Fire Pit
  • Foundation Details: Concrete Perimeter, Slab, Stemwall
  • Lot Features: Fenced, Garden, Landscaped, Sloped, Xeriscape Landscape
  • Other Structures: Shed(s), Storage
  • Roof: Composition, Metal
  • View: Territorial
  • Patio And Porch Features: Deck, Patio, Covered, Front Porch

Garage/Parking

  • Parking Features: Driveway
  • Attached Garage: No

Utilities

  • Cooling: Central Air, Heat Pump, Wall/Window Unit(s)
  • Heating: Electric, Heat Pump, Wall Furnace, Zoned
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Water Meter
  • Cooling Y N: Yes
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Buff Elementary
  • High School: Madras High
  • Middle Or Junior School: Jefferson County Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 6969.6
  • Parcel #: 10155
  • ResoLotSizeUnits: Acres
  • Zoning Description: R1

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 27888.0

Tax Info

  • Tax Annual Amount: 2255.67
  • Tax Year: 2025

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

E Lamar Yoder
E Lamar Yoder

eXp Realty, LLC

(458) 254-3065

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**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

View E Lamar's Profile

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Source: Oregon Datashare

MLS Number: 220215771

Oregon Datashare

APN: 111312-BC-06800

Oregon Jefferson County Madras 97741

433 SE 9th St, Madras, OR

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(458) 254-3065
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