Date
Details
Price
Change
Source
6/19/2026
Listed
$325,000
—
MLS
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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Property Description
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.
Full Property Details
Full Property Details for 575 SW Madison St
General
- Price: $325,000
- Taxes: $2,505 (2025)
- Status: Active
- Type: Single Family
- Source: ODS
- MLS ID: 220223781
- Updated: 6/19/2026
- Added to Site: 1 day(s) ago
Interior
- Rooms/Areas: Laundry, Kitchen, Living Room
- Interior Features: Breakfast Bar, Fiberglass Stall Shower
- Appliances: Dryer, Oven, Range, Range Hood, Washer, Water Heater
- Flooring: Concrete, Laminate, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 8
Parking
- Parking Features: Alley Access, Concrete, Driveway, On Street, RV Access/Parking
- Parking: Concrete, Driveaway
Location
- Area: 3632
- County: Jefferson
- Subdivision: Railroad
- Cross Streets: G Street
School Information
- Elementary School: Buff Elementary
- Middle School: Jefferson County Middle
- High School: Madras High
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Ranch
- Construction: Block, Frame
- Basement Desc.: None
- Foundation: Slab, Stemwall
- Roof: Composition
- Common Walls: 2+ Common Walls
- Windows: Aluminum Frames, Double Pane Windows, Vinyl Frames
- Stories/Levels: 2
- Square Feet: 3,632
- Sq. Ft. Source: Assessor
- Living Area: 3,632 Sq. Ft.
- Year Built: 1948
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,326
- Street/Road Desc.: Paved
- Lot Features: Level
- Zoning: R2
Financial Considerations
- Tax Amount: $2,505.68
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Exclusions: Sellers personal property
- APN: 9649
- Section: Not Applicable
- Block: 8
Listed by Windermere Realty Trust (541) 923-4663, Dustin Hewitt (541) 419-3331
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Listing agent
— 575 SW Madison St —
Dustin Hewitt
Windermere Realty Trust
541-923-4663
NMLS#: 1598647
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Schools
Schools serving 575 SW Madison St
School District:Jefferson County School District 509j
| Name | Grades | Distance |
|---|---|---|
Buff Intermediate School 375 Southeast Buff Street, Madras, OR 97741 | K-5 | 0.7 mi |
Jefferson County Middle School 1180 Southeast Kemper Way, Madras, OR 97741 | 6-8 | 1.5 mi |
Madras High School 390 Southeast 10th Street, Madras, OR 97741 | 9-12 | 0.6 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 575 SW Madison St
Tax History
Tax History for 575 SW Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,506
2%
$121,970
3%
2024
$2,463
7%
$118,420
3%
2023
$2,307
1%
$114,980
3%
2022
$2,273
4%
$111,640
3%
2021
$2,176
2%
$108,390
3%
2020
$2,131
4%
$105,240
3%
2019
$2,056
3%
$102,180
3%
2018
$1,991
8%
$99,210
3%
2017
$1,841
31%
$96,330
25%
2016
$1,403
—
$77,220
33%
2016
$1,403
—
$58,160
—
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
Estimate the Cost for 575 SW Madison St
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575 SW Madison Street, Madras, OR 97741 (MLS# 220223781) is a Single Family property with 8 bedrooms and 3 full bathrooms. 575 SW Madison Street is currently listed for $325,000 and was received on June 19, 2026. Want to learn more about 575 SW Madison Street? Do you have questions about finding other Single Family real estate for sale in Madras? You can browse all Madras real estate or contact a Coldwell Banker agent to request more information.