Madras, OR 97741
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Madras, OR 97741
Madras, OR 97741
Madras, OR 97741
Madras, OR 97741
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Alexandria Hanson

Alexandria Hanson

+1(458) 488-3602
$ 439,900
Est. payment /mo
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Madras, OR 97741

0.51 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Palmain

MLS Listing ID 220220195

Style Ranch

Year Built 1959

Annual Tax Amount $3,166

Lot Size 0.510 Acres

Acres 0.51

Lot Dimensions 0.51

Property Sub-Type Multi Family

Property Description

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.

Location

State OR

County Jefferson

Community Palmain

Rooms

Basement None

Interior

Interior Features Shower/Tub Combo

Heating Electric, Zoned

Cooling None

Window Features Aluminum Frames

Exterior

Parking Features Asphalt, Attached Carport, Driveway, No Garage

Pool None

Roof Type Composition,Metal

Building

Lot Description Corner Lot, Fenced, Landscaped

Foundation Pillar/Post/Pier, Stemwall

Water Public

Architectural Style Ranch

Level or Stories One

Structure Type Frame

New Construction No

Schools

High Schools Madras High

Others

Senior Community No

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Signet Realty
Alexandria Hanson

Alexandria Hanson

Principal Broker | License ID: 2012241718

+1(458) 488-3602

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