Multifamily Investment Opportunity in
165 SE Buff St, Madras, OR 97741
Well-maintained 12-unit apartment complex with upside potential.
Type:Multifamily
- Added:
- Mar 10, 2026
- Days on Market:
- 73
- Last Refresh:
- Mar 19 at 10:22 pm
Property Features for 165 SE Buff St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing agent Whitney Rhoades License #201204200
Listing office Marcus & Millichap - Portland
Listing date Mar 10, 2026
Source Crexi
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 Marcus & Millichap - Portland
HighLights
- Significant rental upside potential with current rents 20% below market.
- Comprehensive capital improvement program completed within the last five years.
- Well‑maintained property with a desirable unit mix.
- Strategically located in a quiet residential neighborhood.
- Units feature modernized floor plans, LVP flooring, updated cadet heating, and window‑mounted air conditioning.
- Durable cinder block construction, private unit entry, and on‑site security cameras enhance safety and comfort.
Overview
Buff View Terrace is a multifamily property located in Madras, the county seat of Jefferson County. Positioned on a hill, the property offers views of the surrounding mountains. Situated in a residential neighborhood, the complex is located blocks from the town’s main road, providing access to shopping, dining, employment centers, and essential services. The property consists of 12 units, with 6 one-bedroom/one-bath and 6 two-bedroom/one-bath units. Units feature floor plans, luxury vinyl plank (LVP) flooring, updated cadet heating, window-mounted air conditioning, and designated off-street parking. The property features cinder block construction, private unit entry, and on-site security cameras. Over the past five years, the property has undergone a capital improvement program, including new signage, repaved parking, a replaced main sewer line, updated electrical panels, and interior renovations upon turnover. The property presents upside potential. A new owner can benefit from cash flow while realizing additional income through continued upgrades, rent optimization, and operational efficiencies.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Madras
- County
- Jefferson
- State
- Oregon
- Longitude
- -121.1261641
- Latitude
- 44.6286098
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit apartment complex with upside potential.
Where is this apartment building located?
The property is located at 165 SE Buff St Madras, OR.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Significant rental upside potential with current rents 20% below market.; Comprehensive capital improvement program completed within the last five years.; Well‑maintained property with a desirable unit mix.
