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$500,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 10 hours ago
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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.

Full Property Details for 316 SW 1st St

General

  • Price: $500,000
  • Taxes: $2,078 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ODS
  • MLS ID: 220229648
  • Updated: 10/6/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Oven, Range, Refrigerator
  • Flooring: Carpet, Laminate, Tile

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)

Parking

  • Parking Features: On Street, Other

Location

  • Area: 3160
  • County: Jefferson
  • Subdivision: Railroad
  • Cross Streets: Culver Hwy

School Information

  • Elementary School: Buff Elementary
  • Middle School: Jefferson County Middle
  • High School: Madras High

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless, Other
  • Heating Type: Ductless, Other

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Traditional
  • Construction: Block, Brick, Frame
  • Basement Desc.: None
  • Foundation: Slab
  • Roof: Metal
  • Common Walls: 1 Common Wall, 2+ Common Walls, End Unit
  • Windows: Aluminum Frames
  • Square Feet: 3,160
  • Sq. Ft. Source: Assessor
  • Year Built: 1979

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.34
  • Lot Size (Sq. Ft.): 14,810
  • Frontage: Shared Access
  • Street/Road Desc.: Paved
  • Zoning: C1

Financial Considerations

  • Tax Amount: $2,078.18
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 9493
  • Section: Not Applicable
  • Block: 4
  • Lot Number: 1 & 2

Listed by Willow Canyon Group (541) 475-2220, Richard Allen (541) 475-2220

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Listing agent

— 316 SW 1st St —

  • Richard Allen

    Willow Canyon Group

    541-475-2220

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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 316 SW 1st St

School District:Jefferson County School District 509j
NameGradesDistance
Madras Elementary School
215 Southeast 10th Street, Madras, OR 97741
K-50.5 mi
Jefferson County Middle School
1180 Southeast Kemper Way, Madras, OR 97741
6-81.5 mi
Madras High School
390 Southeast 10th Street, Madras, OR 97741
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 316 SW 1st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2026
Listed
$500,000
145.1%
MLS
9/21/2017
Sold
$204,000
—
Public Record
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.

Tax History for 316 SW 1st St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,078
2%
$101,160
3%
2024
$2,043
7%
$98,220
3%
2023
$1,913
1%
$95,360
3%
2022
$1,885
4%
$92,590
3%
2021
$1,805
2%
$89,900
3%
2020
$1,767
4%
$87,290
3%
2019
$1,705
3%
$84,750
3%
2018
$1,651
4%
$82,290
3%
2017
$1,591
3%
$79,900
3%
2016
$1,538
—
$77,580
3%
2016
$1,538
—
$75,330
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 316 SW 1st St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Willow Canyon Group (541) 475-2220, Richard Allen (541) 475-2220

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316 SW 1st Street, Madras, OR 97741 (MLS# 220229648) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 316 SW 1st Street is currently listed for $500,000 and was received on October 06, 2026. Want to learn more about 316 SW 1st Street? Do you have questions about finding other Multi-Family 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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