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    Madras Multifamily Investment Opportunity Title is generated by Realmo AI

    165 SE Buff St, Madras, OR 97741

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    For Sale
    $1,150,000

    Well-maintained 12-unit apartment complex with upside potential.

    Type:Multifamily
    Added:
    Apr 3, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 3 at 5:11 am

    Property Features for 165 SE Buff St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Nygel D. Drury
    Nygel D. Drury

    Listing agent Nygel D. Drury License #OR: 201232300

    Listing office Portland Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Portland Office

    HighLights

    • Significant rent upside potential, approximately 20% below market.
    • Well‑maintained property with a diverse unit mix of one and two‑bedroom units.
    • Strategic location in a quiet residential neighborhood, close to amenities.
    • Comprehensive capital improvement program completed within the last five years including new signage and repaved parking.
    • Durable cinder block construction, private unit entry, and on‑site security cameras.
    • Modernized floor plans with LVP flooring, updated cadet heating, and window‑mounted air conditioning.

    Overview

    Buff View Terrace presents a multifamily investment opportunity in Madras, the county seat of Jefferson County. The property is positioned atop a hill, offering views of the surrounding mountains. Located in a residential neighborhood, the complex is situated 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. Durable cinder block construction, private unit entry, and on-site security cameras enhance safety and comfort. Over the past five years, ownership has completed a capital improvement program, including new signage, repaved parking, a replaced main sewer line, updated electrical panels, and interior renovations upon turnover. With current rents approximately 20% below market within a one-mile radius, Buff View Terrace presents upside potential. A new owner can benefit from cash flow while realizing additional income through continued upgrades, rent optimization, and operational efficiencies, making this a well-located asset with both stability and long-term growth potential.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madras
    County
    Jefferson
    State
    Oregon
    Longitude
    -121.1261641
    Latitude
    44.6286098

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      Multifamily Investment Opportunity in Madras

      Well-maintained 12-unit apartment complex with upside potential.
      165 SE Buff St, Madras, OR 97741
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    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 rent upside potential, approximately 20% below market.; Well‑maintained property with a diverse unit mix of one and two‑bedroom units.; Strategic location in a quiet residential neighborhood, close to amenities.
    (503) 200-2064
    We can help!
    Listing Contact
    Nygel D. Drury
    Nygel D. Drury
    Real Estate License ID: OR: 201232300
    Learn More
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