About 1535 Sw Highway 97
Fantastic Central Oregon Investment Opportunity - Fifteen Unit (15) Fully Leased Apartment Complex. Don't miss this rare chance to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedrooms/1 bath with mini split HVAC, washer/dryer hookups. 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 an affordable purchase price.
Features of 1535 Sw Highway 97
| MLS® # | 173981808 |
|---|---|
| Price | $1,555,000 |
| Bathrooms | 0.00 |
| Square Footage | 14,008 |
| Acres | 1.45 |
| Year Built | 1950 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 1535 Sw Highway 97 |
|---|---|
| Area | 340 - Jefferson County |
| City | Madras |
| County | Jefferson |
| State | OR |
| Zip Code | 97741 |
Amenities
| Parking Spaces | 30 |
|---|---|
| Parking | On Street, Open |
| View | Territorial |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Wall Furnace |
|---|---|
| Cooling | Mini Split |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior | Cultured Stone |
|---|---|
| Lot Description | Public Road, Street Car |
| Roof | Composition |
| Foundation | Other |
School Information
| Elementary | Madras |
|---|---|
| Middle | Jefferson Co |
| High | Madras |
Additional Information
| Date Listed | August 26th, 2026 |
|---|---|
| Days on Market | 27 |
| Zoning | MU |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Emerald Coast Realty-Seal Rock |
|---|