$4,900,000
1451 SW Olive Street
Madras, OR 97741
- Baths
- 0
- Acres
- 3
- Built
- 2025
MLS# 220203015 · Active
About this home
**For Sale: Mini-Storage Investment - 1451 SW Olive St, Madras, OR** Turnkey 3-acre self-storage facility featuring 51,675 SQFT under roof with 290 total units. Estimated annual income projects a cap rate of 7%+. Property includes a **keypad entry automated gate**, new curbs, sidewalks, privacy fencing, ADA parking, and newly paved street. Self-serve tenant signup system, exterior security lighting, and WiFi connectivity offer modern convenience and low overhead. Located in a prime area with easy access to all parts of Madras. Excellent opportunity for investors seeking strong returns in a growing Central Oregon market. Room for additional growth up to 100 units.
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Price history
Cut $300K| Date | Event | Price |
|---|---|---|
| Jan 9, 2026 | Price cut−$300,000 (5.8%) | $4,900,000 |
| May 31, 2025 | Listed for sale | $5,200,000 |
From the MLS: original list price and latest price change. 493 days on market.
Drive times
~67 min to downtown Bend- Smith Rock State Park~34 min · 22.4 mi
- Redmond Airport (RDM)~45 min · 32.6 mi
- Sisters~53 min · 39.4 mi
- St. Charles Bend~65 min · 49.7 mi
- Downtown Bend~67 min · 51.5 mi
- Old Mill District~68 min · 52.5 mi
- Mt. Bachelor~85 min · 67.4 mi
- Sunriver Village~87 min · 69.2 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.
Facts & features
Built 2025- Year built
- 2025
- Lot
- 3 AC · 130,680 SF
- HOA
- None reported
- Taxes
- $1,008/yr
- County
- Jefferson
- Days on market
- 493
- MLS #
- 220203015
- Interior
- High Speed Internet
- Flooring
- Concrete
- Parking
- Parking Lot · Asphalt · Gated · Gravel · RV Access/Parking
- View
- City · Cascade Mountains · Mountain(s) · Territorial
- Lot
- Drip System · Fenced · Level · Landscaped · Sloped · Xeriscape Landscape
- Construction
- Steel Frame
- Roof
- Metal
Location & schools
Madras44.6169° N · 121.1371° W
DirectionsMonthly payment
$26,699/mo$26,699/mo
$3,920,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $24,777
- Property tax (listing)
- $84
- Home insurance (est.)
- $1,838
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.
Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 10:30 AM.
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