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Listing view 3

316 SW 1st Street, 
Madras, OR 97741

$500,000

—

Bed

—

Bath

3,160

Sq Ft

Multi-Family

Active

Listed by

Richard Allen

Willow Canyon Group

541-475-2220

Last updated:

October 31, 2026, 07:50 PM

MLS#

220229648

Source:

OR SOMLS

About This Home

316 SW 1st Street

Great rental investment property in Madras. There are 2 buildings, one built in 1944 a triplex with 1- two-bedroom unit & 2- one-bedroom units. The single unit built in 1977 is one 2-bedroom unit. The vacancy rate is very low, demand is high. Fantastic opportunity to get in the investment property market and/or add to a portfolio.

Home Facts

Multi-Family

Built in 1979

Subdivision & Development:

Railroad

Price Summary

500,000

$158 per Sq. Ft.

MLS #:

220229648

Last Updated:

October 31, 2026, 07:50 PM

Added:

a month ago

Rooms & Interior

Interior

Living Area:

3,160 Sq. Ft.

Structure

Structure

Architectural Style:

Traditional

Building Area:

3,160 Sq. Ft.

Year Built:

1979

Lot

Lot Size (Sq. Ft):

14,810

Finances & Disclosures

Finances

Price:

$500,000

Price per Sq. Ft:

$158 per Sq. Ft.

Source:OR SOMLS
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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.