Courtesy: Signet Realty
541-350-4859
A truly special opportunity offering flexibility & potential in the heart of Madras. This unique detached duplex features two separate mfg homes on one tax lot, creating options that are hard to find in today's market. The front home offers 3 bedrooms, 2 baths & appx 1,782 sq ft w/spacious living areas including living & family room, split floor plan w/primary on one side & bedrooms on other. Detached garage that could easily be partitioned for both to have storage space if needed. The newer second home includes 2 bedrooms plus office or den, 2 baths & appx. 933 sqft, designed for comfortable & functional living. Both homes are currently vacant, available for immediate occupancy. Ideal for extended household living, income-producing potential, or house-hacking--live in one and rent the other, or maximize returns by leasing both. Buyers to perform due diligence with the City of Madras regarding the potential appx 14x10 homesite, offering even more opportunity for future expansion.
Courtesy: Signet Realty
541-350-4859
Affordable investment opportunity with strong income potential and versatility. This property features three units including a duplex and a single wide manufactured home situated on over half an acre. The duplex offers two 2 bed, 1 bath units, each approximately 810 sq ft with attached carports and fenced yards, supported by a long term rental history. The manufactured home sits on its own approx. 10,000 sq ft lot, providing flexibility for additional income or future potential. Ideally located in the heart of Madras directly across from the high school, performing arts center and tennis courts, and close to shopping and local amenities, creating consistent rental appeal. Ample space, multiple income streams and potential for expansion make this a compelling option for investors or owner occupants looking to offset costs. Buyer to perform due diligence with the City regarding future opportunities.
Courtesy: eXp Realty, LLC
888-814-9613
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.
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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.
