Home » 575 SW Madison Street, Madras, OR 97741 (MLS # 220223781)
575 SW Madison Street, Madras, OR 97741 (MLS # 220223781)
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.
Property Type(s):
Single Family
|
Last Updated
|
6/19/2026
|
Tract
|
Railroad
|
|
Year Built
|
1948
|
County
|
Jefferson
|
SCHOOLS
| Elementary School |
Buff Elementary |
| Jr. High School |
Jefferson County Middle |
| High School |
Madras High |
Additional Details
| AIR |
None |
| APPLIANCES |
Dryer, Oven, Range, Range Hood, Washer, Water Heater |
| CONSTRUCTION |
Block, Frame |
| FOUNDATION |
None |
| HEAT |
Electric |
| INTERIOR |
Breakfast Bar |
| LOT |
0.26 acre(s) |
| LOT DESCRIPTION |
Level |
| PARKING |
Alley Access, Concrete, Driveway, On Street, RV Access/Parking |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Ranch |
| SUBDIVISION |
Railroad |
| TAXES |
2505.68 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Neighborhood |
| WATER |
Public |
| ZONING |
R2 |
Listed with Windermere Realty Trust
©2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Elite Real Estate Company are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Elite Real Estate Company. Data last updated: 7/3/26 5:17 PM PDT.
This IDX solution is (c) Diverse Solutions 2026.
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