# 1535 US-97, Madras, OR 97741

> **TL;DR:** 30bd/15ba residential multi family, $1,555,000 ($111/sqft), built 1950, 14,008 sqft.
> A/C. Est. $8,317/mo. Listed 24 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,555,000 |
| Price/sqft | $111 |
| Bedrooms | 30 |
| Bathrooms | 15 full |
| Square Feet | 14,008 |
| Year Built | 1950 |
| Lot Size | 63,162 sqft (1.45 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 24 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $7,863 |
| Estimated Insurance | $454 |
| **Total** | **$8,317** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1950
- 1.45 acre lot
- 30 parking spaces

## Description

### Agent Description
Fantastic Central Oregon Investment Opportunity - Fifteen Unit (15) Fully Leased Apartment Complex. Don't miss this rare chance to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedrooms/1 bath with mini split HVAC, washer/dryer hookups. Walking distance to shopping, restaurants and bus service to Bend/Redmond. Excellent potential for investors looking to expand their portfolio with reliable income producing properties in a mature market at an affordable purchase price.

## Location

- **Address:** 1535 US-97, Madras, OR 97741
- **County:** Jefferson
- **Coordinates:** 44.615403, -121.133856
- **Google Maps:** https://www.google.com/maps?q=44.615403,-121.133856

## Listing Agent

- **Name:** Geoffrey Michael Groener · **License:** 200410294
- **Brokerage:** Emerald Coast Realty
- **Phone:** 5413904488
- **Broker Phone:** (541) 283-3589
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1535-US97_Madras_OR_97741_M93654-43114?f=listhub&s=LCMLSOR-26&m=2338&c=propsimple)

## Photos

![1535 US-97 - Photo 1](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f3051179199r.jpg)

![1535 US-97 - Photo 2](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f3955338535r.jpg)

![1535 US-97 - Photo 3](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f3322737180r.jpg)

![1535 US-97 - Photo 4](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f3986259973r.jpg)

![1535 US-97 - Photo 5](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f269568160r.jpg)

![1535 US-97 - Photo 6](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f1248664430r.jpg)

![1535 US-97 - Photo 7](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f4268696130r.jpg)

![1535 US-97 - Photo 8](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f486227958r.jpg)

![1535 US-97 - Photo 9](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f3076402268r.jpg)

![1535 US-97 - Photo 10](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f3080681040r.jpg)

![1535 US-97 - Photo 11](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f84418070r.jpg)

![1535 US-97 - Photo 12](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f910025280r.jpg)

![1535 US-97 - Photo 13](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f665602962r.jpg)

![1535 US-97 - Photo 14](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f555561797r.jpg)

![1535 US-97 - Photo 15](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f966957833r.jpg)

![1535 US-97 - Photo 16](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f1624980427r.jpg)

![1535 US-97 - Photo 17](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f233166921r.jpg)

![1535 US-97 - Photo 18](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f1692573766r.jpg)

![1535 US-97 - Photo 19](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f633844809r.jpg)

![1535 US-97 - Photo 20](http://lh.rdcpix.com/7afca224c038b23a47c65a563bd717e3l-f3650950570r.jpg)

---

**MLS#:** 26-2338 | **Updated:** 2026-09-13
**Source:** listhub

*Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1535-us-97-madras-or-97741-262338)

---

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