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1535 SW Highway 97, 
Madras, OR 97741

$1,555,000

—

Bed

—

Bath

14,008

Sq Ft

Multi-Family

Active

Listed by

Geoff Groener

Emerald Coast Realty-Seal Rock

541-283-3589

Last updated:

September 13, 2026, 11:49 AM

MLS#

173981808

Source:

PORTLAND

About This Home

1535 SW Highway 97

Fantastic Central Oregon Investment Opportunity - Fifteen Unit (15) Fully Leased Apartment Complex. Don't miss this rare chance to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedrooms/1 bath with mini split HVAC, washer/dryer hookups. Walking distance to shopping, restaurants and bus service to Bend/Redmond. Excellent potential for investors looking to expand their portfolio with reliable income producing properties in a mature market at an affordable purchase price.

Home Facts

Multi-Family

Built in 1950

Price Summary

1,555,000

$111 per Sq. Ft.

MLS #:

173981808

Last Updated:

September 13, 2026, 11:49 AM

Added:

18 day(s) ago

Rooms & Interior

Interior

Living Area:

14,008 Sq. Ft.

Structure

Structure

Building Area:

14,008 Sq. Ft.

Year Built:

1950

Lot

Lot Size (Sq. Ft):

63,162

Finances & Disclosures

Finances

Price:

$1,555,000

Price per Sq. Ft:

$111 per Sq. Ft.

MLS Logo
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Coldwell Banker Professional Group are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: September 13, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.