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$325,000
8 Beds ⋅ 3 Baths ⋅ 220223781 MLS
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.

575 SW Madison Street, Madras

Listing courtesy of Windermere Realty Trust.

$459,900
3 Beds ⋅ 2 Baths ⋅ 220221507 MLS
Located on a corner lot in the desirable Yarrow neighborhood, this thoughtfully designed custom one-level home is nearing completion & almost move-in ready! Completed in 2026 this brand new 3 bed, 2 bath home offers 1,575 sq ft with beautiful 9-ft ceilings throughout & stunning 10-ft ceilings in the Oregon Room creating an open feel filled with natural light. Inviting living area features a gorgeous stone-wrapped natural gas fireplace. Kitchen offers center island, pantry, stainless steel appliances, quartz countertops & soft-close drawers/cabinetry. Spacious formal dining area with room to host gatherings large & small. Split-style floor plan places the primary suite privately on one side of the home & guest bedrooms on the other. Both bathrooms feature beautiful tile surrounds. Oversized tall double-car attached garage & charming craftsman-style front porch complete this exceptional Yarrow home! Earth Advantage Certified.

1077 SE Fescue Lane, Madras

Listing courtesy of Signet Realty.

$499,000
220207738 MLS
The key to any commercial space is location and this one has the best! Almost a full acre of fenced property and a large building right on Hwy 97. Great exposure for any business. Here is your chance to expand your existing business, start a new one, or collect rent from the current tenants. Whether you are an investor or an entrepreneur. this would make a good addition to any portfolio. Amazing development opportunity as the new zoning in Madras allows for new residential dwellings in commercial zones. Commercial properties in Madras don't come up very often so act fast. Buyer to do all due diligence on future intended uses. Seller is a licensed Oregon Broker.

780 SW 4th Street, Madras

Listing courtesy of Coldwell Banker Sun Country.

$689,000
3 Beds ⋅ 3 Baths ⋅ 220203016 MLS
Experience elevated luxury living with unobstructed Cascade Mountain views from this architect-designed custom home in Madras' prestigious Yarrow subdivision. Thoughtfully crafted with one-of-a-kind finishes and exceptional attention to detail, this open-concept residence features a chef's kitchen with stainless steel appliances, hardwood floors, heated tile floors in the primary bath, walk-in closets, and a heated garage. The spacious primary suite offers a sauna, dual vanities, porcelain walk-in shower, and direct access to a large weather-resistant aluminum deck with exposed beams--perfect for year-round entertaining and sunset views. Lower level offers potential for separate living quarters. Outside, enjoy a private courtyard, hot tub, xeriscaped landscaping, and RV/boat parking. Conveniently located near the Madras Aquatic Center and endless Central Oregon recreation.

454 SE Manzanita Drive, Madras

Listing courtesy of eXp Realty, LLC.

$499,991
3 Beds ⋅ 3 Baths ⋅ 220202455 MLS
OPEN HOUSE MASSIVE PRICE IMPROVEMENT NOW $499,901 IT WONT LAST AT THIS PRICE! BEST VALUE FOR THE MONEY IN MADRAS. Masterfully designed 1,978 sq ft living space capturing breathtaking views of Mt. Jefferson, Mt. Hood, The Three Sisters! 3 bedrooms, Den ,Bonus room, 2.5 bathrooms, 12'x18' covered deck with cable railing, Covered front porch. Custom cabinets with 42'' uppers , Soft-close doors and drawers, Dedicated trash/recycling pullouts, Crown molding, Full tile backsplash, Quartz countertops, Stainless gas appliance package. Oversized garage with epoxy finish. Laminate vinyl plank flooring throughout main living areas, Full wood-wrapped windows, 6'' baseboards, Christmas outlets in eaves, Gas BBQ connection, Air conditioning, Professional landscaping.

420 SE Manzanita Drive, Madras

Listing courtesy of Berkshire Hathaway HomeService.

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