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Madras, OR Multifamily Homes & Duplexes for Sale

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  • /27

    $304,000

    $35K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,863 Sq Ft

    433 SE 9th St, Madras, OR 97741

    Excellent Investment Opportunity - 433 & 435 SE 9th St Madras. Two Homes on One Property! This income-producing property features two separate homes on one lot (not a duplex). The larger residence offers 1,376 sq. ft. with 2 bedrooms and 1 bathroom, while the smaller home includes 487 sq. ft. with 1 bedroom and 1 bathroom. Both homes have updated electrical, HVAC, Roof, and plumbing systems and 3

    Agent Photo

    E Lamar Yoder

    eXp Realty, LLC

    (458) 254-3065

    433 SE 9th St, Madras, OR 97741
  • /19

    $439,900

    • 6 Beds
    • 3 Baths
    • 1 Sq Ft

    Unlisted Address

    Affordable investment opportunity with strong income potential and versatility. This property features three units including a duplex and a single wide manufactured home situated on over half an acre. The duplex offers two 2 bed, 1 bath units, each approximately 810 sq ft with attached carports and fenced yards, supported by a long term rental history. The manufactured home sits on its own

    Ali Stensgar-Alire Signet Realty

    Unlisted Address
  • /32

    $324,900

    $5K PRICE DROP
    • 5 Beds
    • 4 Baths
    • 2,715 Sq Ft

    397 SE 6th St Unit A, Madras, OR 97741

    A truly special opportunity offering flexibility & potential in the heart of Madras. This unique detached duplex features two separate mfg homes on one tax lot,creating options that are hard to find in today's market. The front home offers 3 bedrooms, 2 baths & appx 1,782 sq ft w/spacious living areas includingliving & family room, split floor plan w/primary on one side & bedrooms on

    Ali Stensgar-Alire Signet Realty

    397 SE 6th St Unit A, Madras, OR 97741

Why Live in Madras

Madras, Oregon, is a small city known for its rural landscape and urban amenities, offering panoramic mountain views and a strong sense of community. Located about 15 miles from the Warm Springs Indian Reservation, Madras is culturally diverse and connected. Housing options range from mid-century single-story homes and cottages to contemporary single-family homes with vinyl exteriors and front porch posts. Manufactured home communities like Greenspot Mobile Home Park provide affordable living options. The city features numerous parks and green spaces, including Juniper Hills Park and Sahalee Park, connected by the Willow Creek Trail system. The Madras Aquatics Center offers indoor swimming facilities, while the nearby Cove Palisades State Park provides outdoor recreation with swim beaches, boat launches, and campgrounds. Downtown Madras is the commercial hub, with shops, restaurants, and entertainment venues like the Madras Performing Arts Center and Erickson Aircraft Collection. The Jefferson County Fairgrounds hosts annual events such as the Jefferson County Fair & Rodeo. Madras is served by the Jefferson County School District, with schools offering various educational programs. The city is pedestrian- and cyclist-friendly, with public transportation provided by Cascades East Transit. Madras Municipal Airport and Redmond Municipal Airport offer aviation services and commercial flights. Attractions in the area include the Warm Springs Reservation, featuring Indian Head Casino and Kah-Nee-Ta Hot Springs Resort. Madras has a lower crime risk compared to the national average, making it a safer place to live.

Home Prices in Madras, OR

Home Price Trends

Median Sale Price
$378,998
Median Single Family Sale Price
$395,000
Median 2 Bedroom Sale Price
$274,900
Median 1 Bedroom Sale Price
$200,000
Average Price Per Sq Ft
$248
Number of Homes for Sale
93
Last 12 months Home Sales
192
Months of Supply
5.80
Median List Price
$399,997
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
6%
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