Listing courtesy of Signet Realty, agent Ali Stensgar-Alire
Data last updated June 15, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Rare Opportunity in the Heart of Madras! Situated on a full acre within city limits, this charming 2-bedroom, 1-bath home offers unique potential for the savvy buyer or investor. The home features a dedicated laundry area, two storage buildings, and has been well loved over the years. Whether you're looking for a project home to make your own or exploring development possibilities, this property holds exciting promise. Check with the City of Madras regarding potential to subdivide. Please note: the home does not have a permanent foundation and will not qualify for traditional financing.
This home is listed at $225,000 · 43.6% below the Madras median list. See full Madras market →
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $180,000 · $45,000 down · 30 year term
See the monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $1,143 ($1,025–$1,325) · HUD Fair Market Rent (FY2025), Jefferson County, 2BR. Edit to your own number.
At $225,000 with 25% down, this property runs $526 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
Get the rental projectionBrowse current listings with a full video tour. See the flow, the light, and the lot before you book a showing.
