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1535 SW Highway 97, Madras, OR 97741

$1,555,000

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Property Description

Fantastic Central Oregon Investment Property - Fifteen (15) Units, fully leased, professionally managed apartment complex. Dont miss this rare opportunity to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedroom / 1 bath with mini split HVAC, washer/dryer hookups (some units provided). 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 a affordable purchase price.

1535 SW Highway 97 | MLS# 220227963

This multi-family property located at 1535 SW Highway 97, Madras, OR 97741 is currently listed for sale with an asking price of $1,555,000. Search Madras real estate on tammymartin.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ductless, Other
Heating: Baseboard, Wall Furnace, Other
Home Style: Traditional
Lot Size: 1.45 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $14,441
Year Built: 1950
Square Feet: 14,408

Feature Descriptions

Exterior: Block, Frame
Sewer: Public Sewer
Units: 15

Local Schools

High School: Madras
Middle School: Jefferson County
Elementary School: Buffentary

Listed By / Shown By

Listed By

Agency Name: Willow Canyon Group

Shown By

Agent Name: Tammy Martin Broker
Agent Phone: (541) 410-0965
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 9,519.88 per month $7,862.93 Principal & Interest $1,203.42 Property Tax $453.54 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 11/05/2026. The listing information on this page last changed on 11/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 11/05/2026 3:05:16 AM EST) or RMLS (last updated Thu 11/05/2026 1:00:22 AM EST) or COAR/MLSCO (last updated Thu 11/05/2026 1:31:20 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agent License Information: OR 201246504

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