$1,555,000
1/51.45 AC · Multi Family
1535 SW Highway 97
Madras, OR 97741
#220227963 01 / 21
For sale Price cut $200K on Aug 11
$1,800,000
476 SW J Street
Madras, OR 97741 · Cunningham
- Baths
- 0
- Acres
- 1.82
- Built
- 1984
Est. $10,859/mo~67 min to downtown Bend (approx.)
Listing by RE/MAX Key Properties · 541-728-0033
MLS# 220223285 · Active
01
About this home
HUGE PRICE REDUCTION! For Sale. Pleased to present the opportunity to acquire A-1 Madras Secure Storage in Madras, Oregon, strategically positioned in close proximity to State Hwy. 97 with access to Bend and Redmond. The facility comprises of 141 total rentable units, totaling approximately 19,052 net rental sq. ft. constructed of metal siding and pitched metal roofing. Controlled gate access, offering a durable low maintenance operating profile. The facility has an average of 92% occupancy rate. Asking price is below Jefferson County's RMV of $2,275.830.
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03
Price history
Cut $200K| Date | Event | Price |
|---|---|---|
| Aug 11, 2026 | Price cut−$200,000 (10.0%) | $1,800,000 |
| Jun 11, 2026 | Listed for sale | $2,000,000 |
From the MLS: original list price and latest price change. 117 days on market.
04
Drive times
~67 min to downtown Bend- Smith Rock State Park~34 min · 23.2 mi
- Redmond Airport (RDM)~46 min · 33.4 mi
- Sisters~53 min · 39.9 mi
- St. Charles Bend~65 min · 50.5 mi
- Downtown Bend~67 min · 52.2 mi
- Old Mill District~69 min · 53.3 mi
- Mt. Bachelor~85 min · 68 mi
- Sunriver Village~87 min · 69.9 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 1984- Year built
- 1984
- Lot
- 1.82 AC · 79,279 SF
- HOA
- None reported
- Taxes
- $12,989/yr
- Subdivision
- Cunningham
- County
- Jefferson
- Days on market
- 117
- MLS #
- 220223285
- Interior
- Built-in Features · Laminate Counters · Vaulted Ceiling(s)
- Flooring
- Concrete · Carpet · Laminate
- Heating
- Ductless · Heat Pump · Propane
- Cooling
- Heat Pump · Ductless
- Parking
- Gravel
- View
- City · Territorial · Neighborhood
- Lot
- Corner Lot · Fenced · Level · Landscaped
- Construction
- Concrete · Frame
- Roof
- Composition · Metal
06
Location & schools
Cunningham44.6256° N · 121.1393° W
Directions07
Monthly payment
$10,859/mo$10,859/mo
$1,440,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $9,102
- Property tax (listing)
- $1,082
- Home insurance (est.)
- $675
20% · $360,000
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.
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#220192296Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 11:31 AM.
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