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.
This property has been one of the best rental properties in Madras, with few if any vacancies. Great place for a family with lots of room to live & play, close to schools, trails & bowling center. While built in 1961, they have been owned by investors that have taken good care of the property for a long-term investment. New Mini Split for HVAC added recently to all units. Nice grass backyard fully fenced. Adjacent to Sahalee Park, with splash park, playground equipment, pavilion and picnic areas. Within walking distance to shops, restaurants, banks and more.
Fantastic Central Oregon Investment Opportunity - Fifteen Unit (15) Fully Leased Apartment Complex. Don't miss this rare chance to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedrooms/1 bath with mini split HVAC, washer/dryer hookups. Walking distance to shopping, restaurants and bus service to Bend/Redmond. Excellent potential for investors looking to expand their portfolio with reliable income producing properties in a mature market at an affordable purchase price.
Investment Opportunity! Thirteen townhomes in Madras offered together as a portfolio sale. All units are 100% occupied, bringing in $14,315 per month in rent with a consistent rental history. Each property has been professionally maintained and is located near schools, parks, and community amenities. This is an ideal option for investors seeking immediate income and long-term growth potential in Central Oregon. Units may also be purchased in groups of four, allowing flexibility for portfolio diversification or step-in expansion. Detailed rent rolls, leases, and expense information available upon request. A rare chance to secure multiple income-producing assets in one offering.
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Madras is located in Oregon. Madras, Oregon has a population of 7,381. Madras is more family-centric than the surrounding county with 26.7% of the households containing married families with children. The county average for households married with children is 21.81%.
The median household income in Madras, Oregon is $43,722. The median household income for the surrounding county is $59,748 compared to the national median of $69,021. The median age of people living in Madras is 33.1 years.
The average high temperature in July is 85.2 degrees, with an average low temperature in January of 24.8 degrees. The average rainfall is approximately 11.1 inches per year, with 13.7 inches of snow per year.