575 SW Madison Street, Madras, OR 97741
- $309,000
- 8
- BD
- 3
- BA
- 3,632
- SqFt
- List Price
- $309,000
- Status
- ACTIVE
- Days on Market
- 53
- Price Change
- ▼ $16,000 1785899566
- MLS#
- 220223781
- Subtype
- Residential
- Style
- Ranch
- Year Built
- 1948
- Bedrooms
- 8
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 3,632
- Lot Size
- 11,325
- Acres
- 0.26
- Subdivision
- Railroad
- Neighborhood
- Railroad
Property Description
R-2 Multifamily zoning offers a unique investment and value-add opportunity in the heart of Madras. This property features one completed and livable unit, while the additional units are ready for the next owner to finish and customize. The unfinished units includes a completed exterior along with rough framing, rough electrical, and rough HVAC already in place, providing a significant head start toward completion. The county has this listed as an 8 bedroom, 3 bath. Currently 1 unit is complete featuring 2 bedrooms and 1 bath. 8 bed potential once project is completed. With much of the groundwork already completed, this is a rare opportunity to finish this multifamily unit to your specifications and capitalize on the growing demand for housing in Central Oregon. Buyer to perform all due diligence regarding permits, approvals, zoning, and requirements for completion of the unfinished portion.
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Additional Information
- Interior Features
- Breakfast Bar, Fiberglass Stall Shower
- Taxes
- $2,505
- Property Description
- Ranch
- Zoning
- R2
- Flooring
- Concrete, Laminate, Vinyl
- Appliances
- Dryer, Oven, Range, Range Hood, Washer, Water Heater
- Heating
- Electric
- Air Conditioning
- None
- Stories
- Two
- Levels
- Two
- Roof
- Composition
- Foundation
- Slab, Stemwall
- Parking Features
- Alley Access, Concrete, Driveway, On Street, RV Access/Parking
- Elementary School
- Buff Elementary
- Middle School
- Jefferson County Middle
- High School
- Madras High
- View
- Neighborhood
Listing courtesy of Windermere Realty Trust.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: