575 Madison ST, Madras, OR 97741
575 Madison ST, Madras, OR 97741,Video Tour
575 Madison ST, Madras, OR 97741
575 Madison ST, Madras, OR 97741
575 Madison ST, Madras, OR 97741
575 Madison ST, Madras, OR 97741
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Brad Knotts

Brad Knotts

Central Oregon

+1(503) 580-5206
$ 325,000
Est. payment | /mo

8 Beds

3 Baths

3,632 SqFt


$ 325,000
Est. payment | /mo

8 Beds

3 Baths

3,632 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,632 sqft

Price per Sqft $89

Subdivision Railroad

MLS Listing ID 220223781

Style Ranch

Bedrooms 8

Full Baths 3

Year Built 1948

Annual Tax Amount $2,505

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 0.26

Property Sub-Type Single Family Residence

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.

Location

State OR

County Jefferson

Community Railroad

Rooms

Basement None

Interior

Interior Features Breakfast Bar, Fiberglass Stall Shower

Heating Electric

Cooling None

Window Features Aluminum Frames,Double Pane Windows,Vinyl Frames

Exterior

Parking Features Alley Access, Concrete, Driveway, On Street, RV Access/Parking

Roof Type Composition

Garage No

Building

Lot Description Level

Foundation Slab, Stemwall

Water Public

Architectural Style Ranch

Level or Stories Two

Structure Type Block,Frame

New Construction No

Schools

High Schools Madras High

Others

Senior Community No

Tax ID 9649

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.zillow.com/view-imx/b2540973-2a9f-4793-942d-fee375748309?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Windermere Realty Trust

NEARBY SCHOOL & BUSINESS

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575 Madison ST