575 SW Madison Street, Madras, OR 97741
Listing Courtesy of Windermere Realty Trust.
- $325,000
- 8
- BD
- 3
- BA
- 3,632
- SqFt
- List Price
- $325,000
- MLS#
- 220223781
- Status
- ACTIVE
- City
- Madras
- County
- Jefferson
- Bedrooms
- 8
- Bathrooms
- 3
- Living Area
- 3,632
- Year Built
- 1948
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.
Additional Information
- Taxes
- $2,505
- Acres
- 0.26
- View
- Neighborhood
- Water
- Public
- Heating
- Electric
- Foundation
- Slab, Stemwall
- Flooring
- Concrete, Laminate, Vinyl
- Elementary School
- Buff Elementary
- Middle School
- Jefferson County Middle
- High School
- Madras High
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