Older 4 plex in downtown Madras in decent shape. 2 builodings. Good renters. Laundromat next door. Easy access to stores. Owner pays some of the utilities, gargabe, water, sewer and yard maintenance. Stable renters with one renting for over 15 years. Great investment to show 8+% return on investment.
Off market
Street View
$444,800
316 SW 1st St, Madras, OR 97741
8beds
4baths
3,160sqft
MultiFamily
Built in 1944
-- sqft lot
$444,800 Zestimate®
$141/sqft
$1,491 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Cooling
- Wall
Features
- Flooring: Carpet, Laminate, Linoleum / Vinyl
Interior area
- Total interior livable area: 3,160 sqft
Property
Features
- Levels: 2 Story
Lot
- Size: 0.34 Acres
Details
- Parcel number: 111311AC00401
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Year built: 1944
Community & neighborhood
Location
- Region: Madras
Other
Other facts
- Construction: Frame, Brick/Block
- Electric Company: PP&L
- Existing Water: City
- Heat/Cool: Electric
- Levels: 2 Story
- Sewer/Septic: City Sewer
- Style: Traditional
- Terms: Cash, New Loan
- Water District: City
- Section: SW
- Foundation: Slab
- Status: Pending
- Region: Jefferson County
- Area: Railroad
- Property Subtype 1: Quadraplex