15-Unit Apartment
For Sale
$1,555,000
1535 SW HIGHWAY 97, Madras, OR 97741
MultiFamily, Madras, OR
Property Size14,008 SF
Lot Size1.45 Acres
Price / SF$111.01
Days on Market9
Property Features for 1535 SW HIGHWAY 97
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MU
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 3
View
Territorial
Elementary school
Madras
Middle school
Jefferson Co
High school
Madras
Directions
From Hwy 97, take the SW Brush Lane turn, property is on the right side. Brush Lane Apartments.
Subdivision
_340
Standard status
Active
APN
1828
Size
14,008 SF
Lot size
1.45 Acres
Taxes and HOA fees
Tax Description
Sub: Manathiela Heights Lot - 1 Block - 4
Tax Annual Amount
14442
Legal Description
Sub: Manathiela Heights Lot - 1 Block - 4
Utilities
Heating system
Baseboard
Amenities
mini split HVAC
washer/dryer hookups
Building Details
Year built
1950
Floors in Building
2
Number of units
15
Roof type
Composition
Listing Agency:
Emerald Coast Realty-Seal Rock
(541) 283-3589
Listed By:
Geoff Groener
(541) 390-4488
Added: Aug 26
Changed: Sep 2
Last Checked: Sep 3 at 2:06AM
MLS# 173981808
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 15-unit apartment property contains 14,008 square feet on 1.45 acres at 1535 SW Highway 97 in Madras. Built in 1950, the complex is fully leased and configured with two-bedroom, one-bath units. Unit features include mini-split HVAC systems and washer/dryer hookups, while composition roofing serves the buildings.
The property carries MU zoning and is positioned within walking distance of shopping, restaurants, and bus service connecting Madras with Bend and Redmond. Its established apartment layout and existing occupancy provide a straightforward multifamily configuration for continued residential use.
The property carries MU zoning and is positioned within walking distance of shopping, restaurants, and bus service connecting Madras with Bend and Redmond. Its established apartment layout and existing occupancy provide a straightforward multifamily configuration for continued residential use.
Key Highlights
- 15‑unit apartment complex with 14,008 square feet
- Fully leased apartment property
- Each unit offers 2 bedrooms and 1 bath
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased apartment property with two-bedroom units, mini-split HVAC, and washer/dryer hookups.
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‑unit apartment complex with 14,008 square feet; Fully leased apartment property; Each unit offers 2 bedrooms and 1 bath
