For sale

$300,000

Est. $1,901/mo —

•

3,632

sq ft

575 SW Madison St, Madras, OR 97741

About this home

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.

Single-familyProperty Type

1948Year Built

0.26 acresLot Size

$83Price/Sq.Ft.

1 spaceParking

Listed by The Hewitt Team Hewitt • Windermere Realty Trust

Listed by Katie Gernert • Windermere Realty Trust

Listing updated: Oct 2, 2026 at 03:35pm

Redfin checked: a few seconds ago

•Source:MLSCO #220223781

Payment calculator

$1,901 per month

Principal and interest$1,617

Property taxes

$209

HOA dues

Home insurance

$75

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (3)

OPEN TODAY, 11AM TO 2PM
$335,400
4 beds2 baths1,670 sq ft
919 SE Maliah Ave, Madras, OR 97741
4,356 sq ft lot • Garage • Built 2021
OPEN TODAY, 12:30PM TO 2:30PM
$250,000
2 beds1 bath764 sq ft
135 NE Oak St, Madras, OR 97741
6,534 sq ft lot • Parking • Built 1949
OPEN NOV 14, 11AM TO 3PM3D WALKTHROUGH
$465,000
3 beds2.5 baths1,702 sq ft
550 Mountain Ridge Dr, Culver, OR 97734
7,405 sq ft lot • 2 garage spots • Built 2021

Around this home

Schools

K - 12
Preschool & daycare

Buff Intermediate School

Public K-5 • Assigned • 0.7mi

6/10

Jefferson County Middle School

Public 6-8 • Assigned • 1.5mi

5/10

Madras High School

Public 9-12 • Assigned • 0.6mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

575 SW Madison St · $300,000

Strong offer

$300K and above

75% chance or better to win

Why $300K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 106 days.

SALE-TO-LIST

Most homes are selling 1% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Breakfast bar
Fiberglass stall shower

Bedrooms
8 bedrooms

Bathrooms
3 full bathrooms

Kitchen
Oven
Range
Range hood

Laundry & utility
Washer
Dryer
Water heater

Flooring
Concrete
Laminate
Vinyl

Heating & cooling
Electric heating
No cooling

Sale and tax history for 575 SW Madison St

Sale History
Tax History

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

0.26 Acres

Year renovated

—

Finished Sq. Ft.

3,632

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,632

Year built

1948

Style

Multi-Family (2-4 Unit)

County

Jefferson County

APN

111311-DA-04600

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 19, 2026.

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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

92/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10 hrs

5.4 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 575 SW Madison St

$305,044

$5,044 over list price of $300K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $380K to $814K.

SOLD OCT 21, 2026
$456,000 Last sold price
3 beds2 baths1,892 sq ft
1172 NW Fairway Rd #148, Madras, OR 97741
$158/sq ft
smaller lot
78 years newer
SOLD AUG 21, 2026
$399,434 Last sold price
3 beds2 baths1,702 sq ft
429 NW Monte Vista Ave #122, Madras, OR 97741
$152/sq ft
smaller lot
78 years newer
SOLD OCT 6, 2026
$490,000 Last sold price
4 beds2 baths1,906 sq ft
1264 NW Fairway Rd #144, Madras, OR 97741
$174/sq ft
smaller lot
78 years newer
SOLD AUG 3, 2026
$473,390 Last sold price
4 beds2 baths1,906 sq ft
432 NW Monte Vista Ave #125, Madras, OR 97741
$165/sq ft
smaller lot
78 years newer
SOLD FEB 23, 2026
$379,997 Last sold price
3 beds2 baths1,488 sq ft
443 NW Monte Vista Ave #120, Madras, OR 97741
$172/sq ft
smaller lot
77 years newer
SOLD OCT 15, 2026
$814,000 Last sold price
4 beds2 baths2,100 sq ft
9201 NW 31st St, Terrebonne, OR 97760
$305/sq ft
larger lot
56 years newer

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