Virtual Tour
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.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Windermere Realty Trust
Shown By
Agent Name: Elizabeth Ueland Principal Broker
Agent Phone: (310) 213-3151
Agency Title: Bend Premier Real Estate
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Estimated Payment
$ 1,946.92 per month $1,643.38 Principal & Interest $208.75 Property Tax $94.79 Homeowner's InsuranceChange Payment Information
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575 SW Madison Street | MLS# 220223781
This single family home located at 575 SW Madison Street, Madras, OR 97741 is currently listed for sale with an asking price of $325,000. This property was built in 1948 and has 8 bedrooms and 3 full baths with 3632 sq. ft. SW Madison Street is located in the Railroad subdivision. Search Railroad real estate on elizabethueland.bendpremierrealestate.com today.