Madras Homes under $500,000

Welcome to Madras, Oregon – a hidden gem nestled in the heart of Jefferson County. Known for its stunning landscapes and vibrant community, Madras offers a unique blend of small-town charm and outdoor adventure, making it a perfect place to call home.

The city boasts a rich history, with roots that trace back to the early pioneers who settled in the area. Today, Madras is a thriving community that embraces its heritage while looking forward to the future. Surrounded by the breathtaking Cascade Mountains and the high desert, residents enjoy a variety of recreational activities, including hiking, fishing, and bird watching. The nearby Lake Billy Chinook and the Crooked River provide ample opportunities for water sports and relaxation.

For those seeking an affordable home in this picturesque region, Madras has an impressive selection of properties available for under $500,000. Whether you're a first-time homebuyer, looking to downsize, or searching for a family-friendly neighborhood, you'll find a diverse range of options that cater to your needs. From charming single-family homes with spacious yards to modern townhouses with contemporary finishes, there's something for everyone in Madras.

The community is known for its friendly atmosphere and strong sense of belonging, making it easy to connect with neighbors and participate in local events. With a growing economy and excellent schools, Madras is not just a place to live; it's a place to thrive. Come explore the possibilities and discover your dream home in Madras, where adventure and community await!

Newest Madras Homes under $500,000

$500,000

220229648 MLS

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.

316 SW 1st Street, Madras

Listing courtesy of Willow Canyon Group.

$499,900

4 Beds ⋅ 2 Baths ⋅ 220228248 MLS

Move in ready, located on the outskirts of Madras, this 4 bedroom, 2 bath, 2,046 sq ft home is set on a rare 1.05 acres in a quiet cul de sac. Step inside to a warm, welcoming layout w/updated lighting in select rooms & spaces that flex to fit your life. The updated kitchen is ready for everyday meals & weekend hosting, while large windows pull in natural light & frame beautiful Cascade Mountains views. Upstairs, refreshed bathrooms feature tile surrounds & new vanities w/solid surface counters. Downstairs, the seller completed a basement remodel w/new flooring & a dedicated office, ideal for work or hobbies w/a pellet stove for heating. Outside, the oversized deck is the perfect place to grill, gather & take in the open sky & mountain backdrop. Fenced land gives room to spread out, garden & enjoy. Major updates include roof replaced in 2019, newer water heater & a recently updated electric forced air furnace & heat pump. Storage shed. A hard to find blend of land & views.

1133 NE Scenic Drive, Madras

Listing courtesy of Signet Realty.

$499,900

3 Beds ⋅ 2 Baths ⋅ 220229400 MLS

Looking for more space, beautiful views & a home that has been truly loved? Tucked along a quiet back road just minutes from town, this 3-bedroom, 2-bath home sits on 1.01 acres with stunning Cascade Mountain views & room to enjoy the Central Oregon lifestyle. Inside, character shines with vaulted ceilings, a double-sided stone fireplace, sunken living room, formal dining & large picture windows framing the mountains. Recent updates include fresh exterior paint, refreshed landscaping, new carpet & new kitchen/dining flooring throughout the main living areas & spare bedrooms. The spacious primary suite features deck access, an updated bath with full tile shower, dual sinks & generous closet space. Step outside to a large back deck perfect for entertaining, relaxing & taking in the views. Property offers neighborhood irrigation. Well built, well loved & filled with possibilities, this is a property you truly need to see in person.

965 NE Brown Drive, Madras

Listing courtesy of Signet Realty.

$225,000

2 Beds ⋅ 1 Baths ⋅ 220228946 MLS

Affordable opportunity with excellent sweat-equity potential! This 2-bedroom, 1-bath home, features vinyl windows, a newer roof installed within the past few years, a spacious attic for storage, a covered carport, and an enclosed storage area. Two driveways provide convenient access from SW Adrian Street and SW Murry Street. The property needs additional work and cleanup but offers strong potential for a buyer ready to make improvements and add value. Current zoning may allow additional dwelling units to be constructed on the property. Buyers should contact the City of Madras to verify permitted uses, development requirements, and available utilities. All personal property remaining on the premises will be included in the sale and will not be removed by the seller before closing. Don't miss this opportunity - submit your offer promptly! Per County effective year built, is 1975.

1211 SW Adrian Street, Madras

Listing courtesy of eXp Realty, LLC.

$335,000

3 Beds ⋅ 1 Baths ⋅ 220228579 MLS

Updated over recent years with a warm, modern feel & plenty of flexibility! This single-level 3 bedroom, 1 bathroom home offers 1,496 sq ft with an inviting layout, updated flooring & carpet, lighting, kitchen with newer appliances & solid surface counters, plus an updated bathroom. Forced air, central air & a wood-burning fireplace provide year-round comfort. The enclosed garage offers additional living or flex space with potential to convert back to a single-car garage. Outside, the home has been refreshed with exterior paint, stucco-style finish, wood accent details & updated windows, giving it a clean, modern look. Enjoy a fully fenced .23-acre corner lot with mature trees & garden space. C2 commercial zoning adds possibilities for future business use. Located across from a city park & close to downtown Madras, this property offers comfort, character & opportunity!

86 NE B Street, Madras

Listing courtesy of Signet Realty.

$399,900

3 Beds ⋅ 3 Baths ⋅ 220228731 MLS

Built in 2022 and offering 1,714 sq ft of thoughtfully designed living space, this 3 bedroom, 2.5 bath home delivers the comfort, features & value today's buyers are looking for. Step inside to vaulted ceilings & an open, light-filled living area that flows into a crisp white kitchen with stainless steel appliances, generous storage & a large pantry. Forced air natural gas heat & A/C provide year-round comfort, while the spacious double-car garage adds everyday convenience. Upstairs you'll find a dedicated laundry room, two additional bedrooms and a comfortable primary suite featuring a walk-in closet, dual sinks and private bath. The front yard is landscaped, the property is fully fenced and the backyard is a blank canvas ready for your vision. Located in the desirable Morningcrest community near schools, trails, the aquatics center and community college. A newer home, great location and an opportunity worth seeing!

698 NE POSEY Court, Madras

Listing courtesy of Signet Realty.

$450,000

2 Beds ⋅ 2 Baths ⋅ 220228701 MLS

Mountain Views. A-Frame Vibes. Room to Roam. Escape the ordinary and soak up the views! Perched on 5.46 acres, this fun A-frame delivers incredible Cascade Mountain views and the kind of space that makes you want to stay awhile. The property is fenced and gated, offering privacy, security, and plenty of room to spread out. Multiple outbuildings, plus a garage and shop, give you space for hobbies, projects, gear, toys, or whatever your mountain lifestyle demands. And when adventure calls, you're near BLM land, putting wide-open recreation right at your doorstep. Whether you're looking for a private getaway, a basecamp for outdoor adventures, or a place with room to make your own, this one brings the views, the acreage, and the mountain-life energy. Come for the Cascade views--stay for the A-frame charm and elbow room!

1095 NE Henderson Drive, Madras

Listing courtesy of eXp Realty, LLC.

$265,000

3 Beds ⋅ 2 Baths ⋅ 220228138 MLS

An unexpected change in the seller's circumstances has brought this recently purchased home back to the market. Move-in ready and thoughtfully updated, this 3-bedroom, 2-bath home features fresh interior paint, newer appliances and two spacious decks ideal for relaxing or entertaining. All polybutylene plumbing has been professionally replaced, providing added peace of mind. Situated on a private dead-end street, the fully fenced property offers beautiful views, room for animals and potential space for a shop or garage. The home is set on a full concrete slab with tie-downs for added stability. A wonderful combination of privacy, functionality and value.

101 NE Daisy Street, Madras

Listing courtesy of Cascade Hasson SIR.

$299,900

5 Beds ⋅ 2 Baths ⋅ 220228049 MLS

Tucked into the heart of Central Oregon, in the quiet neighborhood of the Pines of Madras, sits this 5 bed, 2 bath move-in ready home. Open-concept great room w/cozy corner gas-burning fireplace & mantle, where an abundance of natural light pours in to create an easy, welcoming flow. Open kitchen ftrs central island w/brkfst bar seating, & addtnl eating area -- ideal for entertaining family & friends on the lower level. Primary suite on the main floor, complete w/shower + tub combo & spacious walk-in closet. 4 addtnl bedrooms offer an abundance of flexible living space -- perfect for guests, a home office, hobbies, or growing family needs. Dedicated laundry room adds everyday convenience & extra storage. Unwind on the covered back patio, perfect for entertaining or relaxing. Storage shed out back offers additional space for tools or storage, & smart-home features throughout add peace of mind + modern convenience. Quick access to Hwy 97 & close to schools + walking trails.

485 SE Ponderosa Drive, Madras

Listing courtesy of Keller Williams Realty Central Oregon.

$329,950

3 Beds ⋅ 2 Baths ⋅ 220228038 MLS

For a limited time, we are offering a 4.99% (6.158% APR | 5/6 ARM) INTEREST RATE AVAILABLE in our Haystack Butte and Sagebrook Estates Communities! *Buyer must qualify; restrictions apply. OR receive a seller credit toward allowable closing costs/prepaids or upgrades. Incentives may not be combined. This thoughtfully designed home features an open great room with LVP flooring, plush carpet & abundant natural light. The modern kitchen offers quartz countertops, stainless steel appliances & ample storage. Enjoy year-round comfort with ductless heating & cooling, a tankless water heater and ENERGY STAR® certification for lower utility costs. Additional features include a 2-car garage and professionally landscaped yard. Located in desirable Sagebrook Estates, you'll enjoy a peaceful neighborhood setting just minutes from parks, schools & local amenities. Don't miss your chance to own a beautiful, energy-efficient home in one of Madras' fastest-growing neighborhoods!

570 NE McGee Street, Madras

Listing courtesy of Windermere Realty Trust.

588 NE McGee Street 157 Unit 157, Madras

$364,950

3 Beds ⋅ 2 Baths ⋅ 220228037 MLS

588 NE McGee Street 157 Unit 157, Madras

Listing courtesy of Windermere Realty Trust.

604 NE McGee Street 156 Unit 156, Madras

$341,950

3 Beds ⋅ 2 Baths ⋅ 220228036 MLS

604 NE McGee Street 156 Unit 156, Madras

Listing courtesy of Windermere Realty Trust.

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