NOT LISTED FOR SALE

Estimated Value: $450,000 - $696,000

8 Beds
4 Baths
3,684 Sq Ft
$159/Sq Ft Est. Value

Sale Details

Date Sold: October 31, 2025

Last sale price $625,000 $170 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,666 / mo

72 Days on Market

Highlights

  • City View
  • No HOA
  • Courtyard
  • Traditional Architecture
  • Front Porch
  • Community Playground

About This Home

As of October 2025

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 walking, biking, close to all downtown services, library, banks, restaurants, parks, bike/walking trail, and schools. Only one owner since the property was developed. County ''real market value'' above listed price. Great opportunity for an investor to start or expand current residential rental investments.

Last Agent to Sell the Property

Richard Allen

Willow Canyon Group License #200604216 Listed on: 07/01/2025

Last Buyer's Agent

E Lamar Yoder

eXp Realty, LLC License #201207796

eXp Realty, LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,269

Year Built

  • Built in 1993

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Level Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Stem Wall Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Vinyl Clad Windows
  • City Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • Shared Driveway
  • On-Street Parking

Outdoor Features

  • Courtyard
  • Front Porch

Location

  • In Flood Plain

Schools

  • Madras Elementary School
  • Jefferson County Middle School
  • Madras High School

Utilities

  • No Cooling
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 9 / 5
  • Assessor Parcel Number 9207

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Palmain Subdivision

Recreation

  • Community Playground
  • Park
  • Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,269

Year Built

Built in 1993

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Architectural Style: Traditional
  • Unit Levels: One
  • Lot Size Acres: 0.23
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Road Frontage Type: Shared Access
  • Road Surface Type: Paved
  • Subdivision Name: Palmain
  • Year Built: 1993
  • Co List Office Phone: 541-475-2220
  • MLS Status: Closed
  • General Property Information Audio Surveillance on Premises YN: No
  • Additional Features:Additional Features: Separate Electric Meters
  • Patio and Porch Features:Patio and Porch Features: Front Porch
  • Power Production:Power Production: None
  • Flood:Flood: Plain, Unknown
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Oven, Range, Refrigerator, Range Hood, Water Heater
  • Has Basement: None
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Flooring: Carpet, Laminate, Other, Vinyl
  • Window Features: Vinyl Frames

Exterior Features

  • Common Walls: 1 Common Wall
  • Exterior Features: Courtyard
  • Foundation Details: Stemwall
  • Lot Features: Level, Landscaped
  • Roof: Composition
  • View: City
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Parking Features: Asphalt, On Street, Shared Driveway
  • Attached Garage: No

Utilities

  • Cooling: None
  • Heating: Wall Furnace
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Gas Available, Park, Playground, Trail(s)

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: 9207
  • ResoLotSizeUnits: Acres
  • Zoning Description: C2

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5268.89
  • Tax Block: 5
  • Tax Lot: 9
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2025
Closed on
Oct 28, 2025
Sold by
Bought by
Seller's Agent
Richard Allen
Willow Canyon Group
Buyer's Agent
E Lamar Yoder
eXp Realty, LLC
List Price
$699,000
Sold Price
$625,000
Premium/Discount to List
-$74,000
-10.59%
Views
18
Current Estimated Value
$585,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,260
Avg. Annual Appreciation
-7.88%
Original Mortgage
$325,000
Outstanding Balance
$309,069
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$276,671

Purchase Details

Closed on
Jun 12, 2025
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Madras, OR

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$625,000 Amerititle
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $325,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/31/2025 10/31/25 Sold $625,000 -7.4% $170 / Sq Ft
09/11/2025 09/11/25 Pending -- -- --
09/05/2025 09/05/25 Price Changed $675,000 -3.4% $183 / Sq Ft
07/01/2025 07/01/25 For Sale $699,000 -- $190 / Sq Ft
Source: Oregon Datashare

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,361 $260,960
2024 $5,269 $253,360
2023 $4,936 $245,990 $0 $0
2022 $4,863 $238,830 $0 $0
2021 $4,656 $231,880 $0 $0
2020 $4,558 $225,130 $0 $0
2019 $4,398 $218,580 $0 $0
2018 $4,259 $212,220 $0 $0
2017 $4,102 $206,040 $0 $0
2016 $3,966 $200,040 $0 $0
2015 $3,543 $194,220 $0 $0
2014 $3,543 $188,570 $0 $0
2013 -- $183,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220205041

Oregon Datashare

APN: 111301-CC-06500

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