575 SW Madison St

Madras, OR 97741

$325,000
Price
8
Beds
3,632 Sq. Ft.
$89 / Sq. Ft.
3,632
Sq. Ft.
$89
per Sq. Ft.
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New
New

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...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.
  1. Listed by Dustin Hewitt • Brokerage DRE #200009082 • Windermere Realty Trust
    P: (541)-419-3331 C: (541)-419-3331 hewittdustin@gmail.com
  2. Listed by Katie Sue Gernert • Brokerage DRE #200009082 • Windermere Realty Trust
    P: (541)-460-2968 C: (541)-460-2968 katiegernert@live.com

Property Details for 575 Southwest Madison Street

Architectural Style
Ranch
Subdivision Name
Railroad
View
Neighborhood
Has View
Yes
Zoning Description
R2
LISTING UPDATED: 06/19/2026 04:45 PM

Property Details for 575 Southwest Madison Street

StatusActive
MLS #220223781
Days on Market1
Taxes$2,506 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1948
Lot Size0.26 AC / 11,325 SF
CountyJefferson County
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Location

Listing Courtesy of Windermere Realty Trust
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Building Information for 575 Southwest Madison Street

Stories2Year Built1948Building Size-Lot Size0.26 AC / 11,325 SF

Payment Calculator

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$1,828 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,620

Property Taxes

$209

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 575 Southwest Madison Street

Summary
Location and General Information
  • Carrier Route: C001
  • Cross Street: G Street
  • Latitude: 44.628071
  • Longitude: -121.134947
  • Senior Community: No
Taxes and HOA
  • Additional Parcels: No
  • Association: No
  • Parcel Number: 9649
  • Tax Annual Amount: $2,505.68
  • Tax Block: 8
  • Tax Year: 2025
School Information
  • Elementary School: Buff Elementary
  • High School: Madras High
  • Middle Or Junior School: Jefferson County Middle
Parking
  • Attached Garage: No
  • Garage: No
  • Parking Features: Alley Access, Concrete, Driveway, On Street, RV Access/Parking
Property
Lot Information
  • Lot Features: Level
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Square Feet: 11325.6
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Total: 3632.0
  • Living Area: 3632.0
  • Living Area Source: Assessor
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1948
Building Features
  • Common Walls: 2+ Common Walls
  • Construction Materials: Block, Frame
  • Foundation Details: Slab
  • Levels: Two
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Appliances: Dryer, Oven, Range, Range Hood, Washer, Water Heater
  • Has Basement: No
  • Full Bathrooms: 3
  • Total Integer Bathrooms: 3
  • Total Bedrooms: 8
  • Has Cooling: No
  • Flooring: Concrete, Laminate, Vinyl
  • Heating: Electric
  • Has Heating: Yes
  • Interior Features: Breakfast Bar
  • Has Spa: No
  • Window Features: Aluminum Frames, Double Pane Windows
Rental
Tenant Information
  • Occupant Type: Vacant

Property History for 575 Southwest Madison Street

DateEvent & SourcePriceAppreciation
Jun 18, 2026

Listed (Active)

Oregon Data Share #220223781

$325,000—
DateEvent & SourcePrice
06/18/2026

Listed (Active)

Oregon Data Share #220223781

$325,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 575 Southwest Madison Street

Taxable ValueLand-Additions-Total-
Tax Record2025$2,506 ($209 / month)
Home Facts
Beds8Total Finished SqFt2,832 SqFtAbove Grade Finished SqFt2,832 SqFtLot Size11,326 SqFtStyleSingle Family ResidenceYear Built1948ZoningR2CountyJEFFERSONAPN111311-DA-04600

Schools near 575 Southwest Madison Street

This home is within Jefferson County School District 509j.
Rating
School
Type
Grades
Distance
509J On-Line
Public - K to 8
Madras High School
Public - 9 to 12
Bridges Career and Technical High School
Public - 9 to 12
Madras Elementary School
Public - K to 5
Rating
School
Distance
509J On-Line
PublicK to 8

Madras High School
Public9 to 12

Bridges Career and Technical High School
Public9 to 12

Madras Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 575 Southwest Madison Street, Madras, OR 97741

575 Southwest Madison Street is a single family home for sale in Madras, OR 97741. This property was listed for sale on June 19, 2026 by Windermere Realty Trust, it's currently listed at $325,000. This listing's school district is Jefferson County School District 509j. Nearby schools include 509J On-Line, Madras High School and Bridges Career and Technical High School. 575 Southwest Madison Street is a 8-bed, 3-bath, 3,632 sqft single family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Realty Trust

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