15-Unit Apartment
New
For Sale
$1,555,000
1535 SW Highway 97, Madras, OR 97741
Fully leased complex with professional management, mini-split HVAC, and washer/dryer hookups in every unit.
Property Size14,408 SF
Price / SF$107.93
Days on Market2
Property Features for 1535 SW Highway 97
General Information
Standard status
Active
Size
14,408 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
15 x 2BR/1BA
Multifamily Units
15
Additional Details
Public Transit
Yes
Amenities
washer/dryer hookups
Building Details
Year Built
1950
Listing Agency:
Smi Real Estate
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 1 at 9:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smi Real Estate
Investment Insights
Based on property information with market context.
This 15-unit apartment property contains 14,408 square feet and was built in 1950. Each residence is configured with two bedrooms and one bathroom, along with mini-split HVAC. Washer and dryer hookups are provided throughout, and some units include the appliances. The complex is fully leased and professionally managed.
The property is located at 1535 SW Highway 97 in Madras, Oregon. Shopping, restaurants, and bus service to Bend and Redmond are within walking distance, placing everyday services and regional transportation near the residences.
The property is located at 1535 SW Highway 97 in Madras, Oregon. Shopping, restaurants, and bus service to Bend and Redmond are within walking distance, placing everyday services and regional transportation near the residences.
Key Highlights
- 15 units, each with 2 bedrooms and 1 bathroom
- 14,408 SF apartment property built in 1950
- Fully leased and professionally managed
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 97741, OR
13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased complex with professional management, mini-split HVAC, and washer/dryer hookups in every unit.
Where is this apartment building located?
The property is located at 1535 SW Highway 97 Madras, OR.
What is the asking price?
The asking price for this property is $1,555,000.
What are key features of this property?
This property features: 15 units, each with 2 bedrooms and 1 bathroom; 14,408 SF apartment property built in 1950; Fully leased and professionally managed
