15-Unit Apartment
New
For Sale
$1,555,000
1535 US-97, Madras, OR 97741
Residential Income, Madras, OR
Property Size14,008 SF
Lot Size1.45 Acres
Price / SF$111.01
Days on Market6
Property Features for 1535 US-97
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MU - Mixed Use
Bedrooms
30
Bathrooms
15
Full bathrooms
15
Rooms
Bathroom 8, Bedroom 8, Bedroom 16, Bathroom 9, Bedroom 18, Bedroom 6, Bedroom 12, Bedroom 13, Bedroom 27, Bedroom 10, Bedroom 20, Bedroom 1, Bedroom 23, Bedroom 19, Bedroom 26, Bathroom 3, Bathroom 11, Bedroom 24, Bedroom 22, Bathroom 6, Bedroom 11, Bedroom 9, Bedroom 5, Bedroom 2, Bathroom 7, Bedroom 14, Bedroom 4, Bedroom 25, Bedroom 17, Bedroom 7, Bedroom 3, Bathroom 2, Bedroom 15, Bathroom 13, Bathroom 1, Bedroom 21, Bathroom 12, Bedroom 29, Bathroom 15, Bathroom 14, Bedroom 28, Bedroom 30, Bathroom 4, Bathroom 5, Bathroom 10
Parking
30
Parking features
Off Street
Appliances
Disposal, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Refrigerator, Range Hood, Washer/Dryer Stacked
Elementary school district
Outside Area
Middle school district
Outside Area
High school district
Outside Area
Directions
From Hwy 97, take the SW Brush Lane turn, property is on the right side. Brush Lane Apartments.
Standard status
Active
APN
1828
Size
14,008 SF
Lot size
1.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14442
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Wall Furnace
Cooling system
Ductless
Water source
Private
Amenities
washer/dryer hookups
mini split HVAC
Building Details
Year built
1950
Number of units
15
Flooring type
Carpet, Laminate, Vinyl
Building materials
Block, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Emerald Coast Realty - Depoe Bay
(541) 283-3592
Listed By:
Geoffrey Michael Groener · License #200410294
(541) 390-4488
Added: Aug 21
Changed: Aug 25
Last Checked: Aug 26 at 4:06AM
MLS# 26-2338
Copyright © 2026 Oregon Coast MLS. 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 and was built in 1950. Each residence is configured with two bedrooms and one bathroom, with ductless cooling and washer/dryer hookups. Unit finishes include carpet, laminate, and vinyl flooring, while kitchens include electric cooking appliances, refrigerators, dishwashers, disposals, and range hoods. Off-street parking serves the property.
The asset is located at 1535 US-97 in Madras, Oregon, within MU - Mixed Use zoning. Shopping, restaurants, and bus service to Bend and Redmond are described as within walking distance. The property has block and frame construction, a composition roof, private water, public sewer, and cable availability.
The asset is located at 1535 US-97 in Madras, Oregon, within MU - Mixed Use zoning. Shopping, restaurants, and bus service to Bend and Redmond are described as within walking distance. The property has block and frame construction, a composition roof, private water, public sewer, and cable availability.
Key Highlights
- 15 fully leased apartment units
- 14,008 square feet on 1.45 acres
- Each unit includes 2 bedrooms and 1 bathroom
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 apartments feature two-bedroom layouts, mini-split HVAC, and washer/dryer hookups.
Where is this apartment building located?
The property is located at 1535 US-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 fully leased apartment units; 14,008 square feet on 1.45 acres; Each unit includes 2 bedrooms and 1 bathroom
