$2,750,000
1/50.1 AC · Multi Family
Address withheld by seller
Madras, OR 97741
#220224049 01 / 15
For sale
$2,800,000
510 SW Colfax Lane
Madras, OR 97741
- Baths
- 0
- Acres
- 16.4
- Built
- 1975
Est. $15,488/mo~66 min to downtown Bend (approx.)
Listing by eXp Realty, LLC · 888-814-9613
MLS# 220199895 · Active
01
About this home
ATTENTION INVESTORS! 16.43 Ac of MUE with amazing location at the corner of Colfax and US 97 and hwy 26 with an average daily vehicle count of over 17,000. Annexed into the city of Madras and sewer main near the property line, This property is a huge opportunity. Property zoning MUE allows Large retail complex or Travel Center, or Hotel or light manufacturing or vehicle dealership or ? Total of 3,465sq.ft. and includes the following: 2,217sq.ft. house (5 bed 3 bath with mother in-law quarters), and 1,248sq.ft. Shop. Call your agent for the backup package and showing. Property is currently being used for residential. Main Zoning is MUE. Seller also has package deal available see listing 1820 US-97
02
Ask about this home
AI
Ask about this home
AI answers are off right now. Text Cody the question and get a straight answer, usually within the hour.
AI answer from 541 Home Sales using listing data, not from the MLS. It can be wrong. Verify anything that matters with Cody before you rely on it.
03
Price history
537 days, no changes| Date | Event | Price |
|---|---|---|
| Apr 17, 2025 | Listed for sale | $2,800,000 |
From the MLS: original list price and latest price change. 537 days on market.
04
Drive times
~66 min to downtown Bend- Smith Rock State Park~33 min · 21.6 mi
- Redmond Airport (RDM)~44 min · 31.7 mi
- Sisters~52 min · 38.7 mi
- St. Charles Bend~64 min · 48.9 mi
- Downtown Bend~66 min · 50.6 mi
- Old Mill District~67 min · 51.7 mi
- Mt. Bachelor~84 min · 66.5 mi
- Sunriver Village~86 min · 68.3 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1975- Year built
- 1975
- Stories
- 1
- Lot
- 16.4 AC · 715,691 SF
- HOA
- None reported
- Taxes
- $3,359/yr
- County
- Jefferson
- Days on market
- 537
- MLS #
- 220199895
- Interior
- Laminate Counters · High Speed Internet
- Flooring
- Hardwood · Tile · Vinyl
- Heating
- Forced Air · Natural Gas
- Cooling
- Central Air
- Parking
- Driveway · Gated · Gravel · RV Access/Parking
- View
- Territorial
- Lot
- Fenced · Level · Landscaped · Sprinklers In Front · Sprinklers In Rear
- Construction
- Frame
- Roof
- Composition · Metal
06
Location & schools
Madras44.6075° N · 121.1400° W
Directions07
Monthly payment
$15,488/mo$15,488/mo
$2,240,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $14,158
- Property tax (listing)
- $280
- Home insurance (est.)
- $1,050
20% · $560,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
More
Similar homes in Madras
#220224049
Price cut $124K
$2,375,000
1/53 BD · 3 BA · 4,053 SF · 403 AC
2490 NW Deschutes Drive
Madras, OR 97741
#220212526Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 12:31 PM.
© 2025 Oregon Data Share. All rights reserved. The content relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Oregon Data Share. Listings held by brokerage firms other than 541 Home Sales are marked with the Oregon Data Share logo, and detailed information about these properties includes the name of the listing firm and the email address or phone number provided by the listing participant. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.