# 316 SW 1st Street, Madras, OR 97741 > **TL;DR:** 6bd/4ba residential multi family, $500,000 ($154/sqft), built 1979, 3,250 sqft. > A/C. Est. $2,674/mo. Listed 18 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $500,000 | | Price/sqft | $154 | | Bedrooms | 6 | | Bathrooms | 4 full | | Square Feet | 3,250 | | Year Built | 1979 | | Lot Size | 14,810 sqft (0.34 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 18 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,528 | | Estimated Insurance | $146 | | **Total** | **$2,674** | ## Key Amenities - A/C ## Property Highlights - Built in 1979 - 0.34 acre lot - 2 stories ## Description ### Agent Description 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 is 1 - two 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. Seller prefers OREF forms. Showing of units requires an accepted offer. Walking the property and rent roll information available through listing agent. ## Location - **Address:** 316 SW 1st Street, Madras, OR 97741 - **County:** Jefferson - **Coordinates:** 44.631671, -121.134515 - **Google Maps:** https://www.google.com/maps?q=44.631671,-121.134515 ## Listing Agent - **Name:** Geoffrey Michael Groener · **License:** 200410294 - **Brokerage:** Emerald Coast Realty - **Broker Phone:** (541) 283-3589 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/316-SW-1st-St_Madras_OR_97741_M17292-65335?f=listhub&s=LCMLSOR-26&m=2737&c=propsimple) ## Photos ![316 SW 1st Street - Photo 1](http://lh.rdcpix.com/9fd47a0b2d3045ba6b41c7476d8db2f8l-f4157051374r.jpg) ![316 SW 1st Street - Photo 2](http://lh.rdcpix.com/9fd47a0b2d3045ba6b41c7476d8db2f8l-f2735038555r.jpg) ![316 SW 1st Street - Photo 3](http://lh.rdcpix.com/9fd47a0b2d3045ba6b41c7476d8db2f8l-f2000070695r.jpg) ![316 SW 1st Street - Photo 4](http://lh.rdcpix.com/9fd47a0b2d3045ba6b41c7476d8db2f8l-f2734381091r.jpg) ![316 SW 1st Street - Photo 5](http://lh.rdcpix.com/9fd47a0b2d3045ba6b41c7476d8db2f8l-f4039719244r.jpg) ![316 SW 1st Street - Photo 6](http://lh.rdcpix.com/9fd47a0b2d3045ba6b41c7476d8db2f8l-f3183045687r.jpg) ![316 SW 1st Street - Photo 7](http://lh.rdcpix.com/9fd47a0b2d3045ba6b41c7476d8db2f8l-f3114640721r.jpg) --- **MLS#:** 26-2737 | **Updated:** 2026-10-29 **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/316-sw-1st-street-madras-or-97741-ad47c3bde03b4a77a0501ab63d36da33) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/316-sw-1st-street-madras-or-97741-ad47c3bde03b4a77a0501ab63d36da33#listing", "url": "https://www.propertysimple.ai/listing/316-sw-1st-street-madras-or-97741-ad47c3bde03b4a77a0501ab63d36da33", "name": "316 SW 1st Street, Madras, OR 97741", "description": "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 is 1 - two bedroom unit. The vacancy rate is very low, demand is high. 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