Opportunity Knocks! 16 unit complex nearly always full. 7% cap rate. Good management in place. All 2 bedroom 1.5 bath townhome units. Great Madras location. Good parking and two good points of ingress and egress. AC in all units. 100% occupied.
Multi-familyProperty Type
1976Year Built
0.83 acresLot Size
$55Price/Sq.Ft.
1 spaceParking
Listed by Ron Ross• Compass Commercial Real Estate
Listed by Terrence O'Neil• Compass Commercial Real Estate
Bought with Gerald Papenheim• Papenheim Properties
Vacancies in Madras are hard to find. Rents are going up. This property is a very well ran complex of 16 large units. Property well maintained, some units completely remodeled. Courtyard and backyards are easy to maintain. Each unit has air conditioning. Cap rate 6%. This is a great investment.
MLSCO #201508648
Nov 30, 2015
Listing Removed
—
Aug 24, 2015
Listed
$799,000
$49/sq ft
Public Records
Mar 5, 2010
Sold
$564,297
$35/sq ft
MLSCO #2905958
Mar 9, 2010
Listing Removed
—
Jun 19, 2009
Listed
$850,000
$52/sq ft
MLSCO #2613233
Apr 13, 2007
Sold
$745,000
$46/sq ft
Feb 14, 2007
Listing Removed
—
Sep 14, 2006
Listed
$799,500
$49/sq ft
MLSCO #31438
Apr 1, 1998
Sold
$412,500
$25/sq ft
Mar 11, 1998
Listing Removed
—
Jun 30, 1997
Listed
$475,000
$29/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$14,873 (+1.7%)
2024
$14,618 (+6.8%)
2023
$13,693 (+1.5%)
2022
$13,491 (+4.4%)
2021
$12,917 (+2.1%)
2020
$12,646 (+13.2%)
2019
$11,171 (+0.7%)
2018
$11,092 (+27.4%)
2017
$8,709 (+11.5%)
$51,340 + $425,590
$476,930
2016
$7,809 (+0.1%)
$46,260 + $383,420
$429,680
2014
$7,798
Tax history for 339 SW H St
Year
Property tax
Land + Additions
Assessment*
2025
$14,873 (+1.7%)
2024
$14,618 (+6.8%)
2023
$13,693 (+1.5%)
2022
$13,491 (+4.4%)
2021
$12,917 (+2.1%)
2020
$12,646 (+13.2%)
2019
$11,171 (+0.7%)
2018
$11,092 (+27.4%)
2017
$8,709 (+11.5%)
$51,340 + $425,590
$476,930
2016
$7,809 (+0.1%)
$46,260 + $383,420
$429,680
2014
$7,798
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.83 Acres
Year renovated
—
Sq. Ft.
16,256
Year built
1976
Style
Multi-Family (5+ Unit)
County
Jefferson County
APN
111311-DB-03901
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
Property details
Parking
Parking Information
Parking Features: Asphalt, Driveway, Other
Interior
Heating & Cooling
Has Heating
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Electric, Wall Furnace
Has Cooling
Interior Features
Appliances: Water Heater
Flooring: Carpet, Vinyl
Multi-Unit Information
# of Units Total: 16
Parking Details: # of Garages: 0
Parking Details: # of Other Parking: 21
Parking Details: # of Carports: 0
Unit 1 Information
Unit #: A
# of Bedrooms: 2
# of Full Baths: 1
Sq. Ft.: 980.0
Unit 1 Monthly Rent: 660.0
Unit 2 Information
Unit #: B
# of Bedrooms: 2
Sq. Ft.: 980.0
# of Full Baths: 1
Unit 2 Monthly Rent: 700.0
Unit 3 Information
Sq. Ft.: 0.0
Unit 4 Information
Sq. Ft.: 0.0
# of Full Baths: 0
Exterior
Exterior Features
Roof: Composition
Building Information
Year Built: 1976
Building Area Total: 16256.0
Building Area Units: Square Feet
Common Walls: 2+ Common Walls
Levels: Two
Construction Materials: Frame
Foundation Details: Slab
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Audio Surveillance on Premises YN: No
Video Surveillance on Premises YN: No
Short Term Rental Permit YN: No
Land Information
Road Surface Type: Paved
Lot Information
Lot Size Sq. Ft.: 36154.8
Lot Size Acres: 0.83
Lot Size Area: 0.83
Lot Features: Fenced
Lot Size Units: Acres
AdditionalParcelsYN: No
Zoning Description: R-2
Financial
Tax Information
Tax Annual Amount: 11170.0
Tax Year: 2019
FIRPTA YN: No
Financing Information
Buyer Financing: Cash
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Electricity Connected
Location
School Information
Elementary School: Madras Elementary
Middle Or Junior School: Jefferson County Middle
High School: Madras High
Community Information
CCR's YN: No
Public facts
Beds: —
Baths: —
Sq. Ft.: 16,256
Stories: —
Lot Size: 0.83 acres
Style: Multi-Family (5+ Unit)
Year Built: 1976
Year Renovated: —
County: Jefferson County
APN: 111311-DB-03901
Home facts updated by county records on Oct 19, 2026
Around this home
Schools
Buff Intermediate School
Public K-5 • Assigned • 0.7mi
6/10
Jefferson County Middle School
Public 6-8 • Assigned • 1.6mi
5/10
Madras High School
Public 9-12 • Assigned • 0.7mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
6% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
18 unhealthy days expected this year, 22 days in 30 years
Provided by First Street
Historical weather
Madras, OR • 97741
Average low and high temperatures (°F)
41
26
45
28
56
35
61
35
71
41
78
46
87
53
86
54
80
49
61
37
50
33
45
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.8 hours in
June and 2.2 hours in December, which is comparable to the
U.S. average for solar exposure.