$2,800,000
1/516.4 AC · Land
510 SW Colfax Lane
Madras, OR 97741
#220199895 01 / 24
For sale
$2,750,000
Address withheld by seller
Madras, OR 97741 · Strawberry Heights
- Baths
- 0
- Acres
- 0.1
- Built
- 2007
Listing by Cascade Hasson SIR · 541-383-7600
MLS# 220224049 · Active
01
About this home
Investment Opportunity! Thirteen townhomes in Madras offered together as a portfolio sale. All units are 100% occupied, bringing in $19,115 per month in rent with a consistent rental history. Each property has been professionally maintained and is located near schools, parks, and community amenities. This is an ideal option for investors seeking immediate income and long-term growth potential in Central Oregon. Units may also be purchased in groups of four, allowing flexibility for portfolio diversification or step-in expansion. Detailed rent rolls, leases, and expense information available upon request. A rare chance to secure multiple income-producing assets in one offering.
02
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03
Price history
104 days, no changes| Date | Event | Price |
|---|---|---|
| Jun 24, 2026 | Listed for sale | $2,750,000 |
From the MLS: original list price and latest price change. 104 days on market.
04
Facts & features
Built 2007- Type
- Multi Family
- Year built
- 2007
- Lot
- 0.1 AC · 4,356 SF
- HOA
- $25/mo
- Taxes
- $25,287/yr
- Subdivision
- Strawberry Heights
- County
- Jefferson
- Days on market
- 104
- MLS #
- 220224049
- Appliances
- Oven · Range
- Flooring
- Carpet · Laminate
- Heating
- Forced Air · Natural Gas
- Parking
- Attached · Driveway
- Lot
- Level
- Construction
- Frame
- Roof
- Composition
05
Location & schools
Strawberry Heights- Elementary
- Buff Elementary
- Middle
- Jefferson County Middle
- High
- Madras High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
06
Monthly payment
$17,069/mo$17,069/mo
$2,200,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $13,905
- Property tax (listing)
- $2,107
- Home insurance (est.)
- $1,031
- HOA
- $25
20% · $550,000
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
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#220212526Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 11:31 AM.
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