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6 Beds
4 Baths
3,160 sqft

$500,000

316 SW 1st Street, Madras OR, 97741

Price per sqft$158.23
Built in1979
Property size3,160 sqft
Property typeMulti-family
Courtesy of Willow Canyon Group, Richard Allen

Overview

Active

Listed Oct 6, 2026

Updated 15h ago

Great rental investment property in Madras. There are 2 buildings, one built in 1944 a triplex with 1- two-bedroom unit & 2- one-bedroom units. The single unit built in 1977 is one 2-bedroom unit. The vacancy rate is very low, demand is high. Fantastic opportunity to get in the investment property market and/or add to a portfolio.

$3,327/mo

Est. mortgage payment based on a $500,000 home price.

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

Additional information

MLS® ID
220229648

Interior Features

Bedrooms
6
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.34 Acres

Other Property Details

Taxes
$2,078
Tax Frequency
Annually
View
Yes

Courtesy of Willow Canyon Group, Richard Allen

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Data last updated 4:04 AM UTC, 10/7/2026

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