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$4,900,000

  • For Sale
  • Active
  • Commercial Service
  • Updated 7 days ago
See This Home
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**For Sale: Mini-Storage Investment - 1451 SW Olive St, Madras, OR** Turnkey 3-acre self-storage facility featuring 51,675 SQFT under roof with 290 total units. Estimated annual income projects a cap rate of 7%+. Property includes a **keypad entry automated gate**, new curbs, sidewalks, privacy fencing, ADA parking, and newly paved street. Self-serve tenant signup system, exterior security lighting, and WiFi connectivity offer modern convenience and low overhead. Located in a prime area with easy access to all parts of Madras. Excellent opportunity for investors seeking strong returns in a growing Central Oregon market. Room for additional growth up to 100 units.

Full Property Details for 1451 SW Olive St

General

  • Price: $4,900,000
  • Taxes: $1,008 (2024)
  • Status: Active
  • Type: Commercial Service
  • Source: ODS
  • MLS ID: 220203015
  • Updated: 1/9/2026
  • Added to Site: 230 day(s) ago

Interior

  • Flooring: Concrete

Additional Information

  • Security/Safety: Security System Owned

Parking

  • Total Spaces: 50
  • Parking Features: Asphalt, Gated, Gravel, RV Access/Parking, Parking Lot
  • Parking: Primary Suite, Gated

Location

  • Area: 51675
  • County: Jefferson
  • Cross Streets: Fairgrounds Rd
  • Driving Directions: HWY 97, West on Fairgrounds rd, South on Olive st

Heating & Cooling

  • Cooling Type: None
  • Heating Type: None

Utilities

  • Sewer: Public Sewer, None
  • Water: Public, Water Meter

Structural Information

  • Builder: Y&S Enterprises LLC
  • Construction: Steel Frame
  • Basement Desc.: None
  • Foundation: Slab
  • Roof: Metal
  • Common Walls: 1 Common Wall
  • Stories/Levels: 1
  • Square Feet: 51,675
  • Sq. Ft. Source: Appraiser
  • Year Built: 2025

Manufactured Home

  • Mfg Name: Y&S Enterprises LLC

Lot Features

  • Property View: Cascade Mountains, City, Mountain(s), Territorial
  • Mountain views: Yes
  • Lot Size (Acres): 3
  • Lot Size (Sq. Ft.): 130,680
  • Frontage: Shared Access
  • Street/Road Desc.: Paved
  • Lot Features: Drip System, Fenced, Landscaped, Level, Sloped, Xeriscape Landscape
  • Zoning: MUE

Financial Considerations

  • Price Per Sq. Ft.: $94.82
  • Tax Amount: $1,008.4
  • Tax Year: 2024
  • Terms: Cash, Conventional, Owner Will Carry
  • Owner Pays: Electricity, Exterior Maintenance, Taxes, Water

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 1757
  • Section: Not Applicable

Listed by eXp Realty, LLC (888) 814-9613, E Lamar Yoder

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Listing agent

— 1451 SW Olive St —

  • E Lamar Yoder

    eXp Realty, LLC

    888-814-9613

503-915-8271

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1451 SW Olive St

School District:Jefferson County School District 509j
NameGradesDistance
Madras High School
390 Southeast 10th Street, Madras, OR 97741
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1451 SW Olive St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/09/2026
Price Reduced
$4,900,000
-5.77%
MLS
6/01/2025
Listed
$5,200,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by eXp Realty, LLC (888) 814-9613, E Lamar Yoder

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1451 SW Olive Street, Madras, OR 97741 (MLS# 220203015) is a Commercial Service property. 1451 SW Olive Street is currently listed for $4,900,000 and was received on June 01, 2025. Want to learn more about 1451 SW Olive Street? Do you have questions about finding other Commercial Service real estate for sale in Madras? You can browse all Madras real estate or contact a Coldwell Banker agent to request more information.

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