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Data Last Updated: 09/21/2026 04:31 PT
$1,555,000
27 days on market8 beds · 4 baths · 14,008 sqft
$8,069 principal & interest + $1,203 taxes
Estimate assumes a 6.75% 30-year fixed rate. Not a quote or pre-qualification.
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Your local expert: Chelsea Wright
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.
Legal description
Sub: Manathiela Heights Lot - 1 Block - 4
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