15-Unit Apartment
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 Market51
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
Bedroom 11, Bedroom 29, Bedroom 18, Bedroom 25, Bedroom 1, Bathroom 1, Bathroom 15, Bedroom 22, Bedroom 7, Bedroom 6, Bedroom 21, Bathroom 6, Bedroom 12, Bathroom 13, Bedroom 10, Bathroom 10, Bedroom 3, Bathroom 14, Bedroom 15, Bedroom 4, Bedroom 24, Bedroom 30, Bathroom 3, Bedroom 13, Bathroom 9, Bedroom 2, Bathroom 8, Bedroom 23, Bathroom 5, Bathroom 2, Bedroom 26, Bedroom 19, Bathroom 7, Bathroom 11, Bathroom 12, Bedroom 16, Bedroom 17, Bedroom 20, Bedroom 9, Bedroom 5, Bedroom 8, Bedroom 14, Bedroom 28, Bathroom 4, Bedroom 27
Parking
30
Parking features
Off Street
Appliances
Disposal, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Refrigerator, Range Hood, Washer/Dryer Stacked, 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: Oct 3
Last Checked: Oct 10 at 12:06PM
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 unit is configured with two bedrooms and one bathroom, along with ductless mini-split HVAC and washer and dryer hookups. The property is fully leased and has MU - Mixed Use zoning.
Located at 1535 US-97 in Madras, the apartments are within walking distance of shopping, restaurants, and bus service to Bend and Redmond. The site has off-street parking, private water, public sewer, and cable availability.
Located at 1535 US-97 in Madras, the apartments are within walking distance of shopping, restaurants, and bus service to Bend and Redmond. The site has off-street parking, private water, public sewer, and cable availability.
Key Highlights
- 15 apartment units, each with two bedrooms and one bathroom
- 14,008 square feet on 1.45 acres
- Fully leased; MU - Mixed Use zoning
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has two bedrooms, one bathroom, ductless HVAC, and washer and 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 apartment units, each with two bedrooms and one bathroom; 14,008 square feet on 1.45 acres; Fully leased; MU - Mixed Use zoning
