BEDS8
BATHS3 full
SQUARE FEET3,632
MLS#220223781
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONRailroad
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.
Property Features
Property Type: Residential - Single Family
Cooling: None
Heating: Electric
Home Style: Ranch
Lot Size: 0.26 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $2,505
Year Built: 1948
Feature Descriptions
Exterior: Block, Frame
Sewer: Public Sewer
Special View Info: Neighborhood
Local Schools
High School: Madras
Middle School: Jefferson County
Elementary School: Buffentary
Listed By / Shown By
Listed By
Agency Name: Windermere Realty Trust
Shown By
Agency Title: Fisher-Nicholson Realty LLC
Agency Phone: 800-460-8124
Estimate Your Payment
Estimated Payment
$ 2,055.21 per month $1,751.67 Principal & Interest $208.75 Property Tax $94.79 Homeowner's Insurance
575 SW Madison Street | MLS# 220223781
This single family home located at 575 SW Madison Street, Madras, OR 97741 is currently listed for sale with an asking price of $325,000. This property was built in 1948 and has 8 bedrooms and 3 full baths with 3632 sq. ft. SW Madison Street is located in the Railroad subdivision. Search Railroad real estate on www.fnrhomes.com today.