Multifamily Investment Opportunity in
For Sale
Contact for pricing
Pending
165 SE Buff St, Madras, OR 97741
Well-maintained 12-unit apartment complex with upside potential.
Property SizeContact for details
Days on Market164
Property Features for 165 SE Buff St
General Information
Standard status
Pending
Class
C
Property subtype
Multifamily
Building Details
Year Built
1966
Buildings
1
Stories
2
Units
12
Listing Agency:
Marcus & Millichap - Portland
(503) 200-2000
Listed By:
Whitney Rhoades · License #201204200
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:40PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
596
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 - 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 $1,075,000.
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.
