165 SE Buff St Madras, OR 97741
- Added:
- Apr 3, 2026
- Days on Market:
- 22
- Last Refresh:
- Apr 3 at 5:11 am
Property Features for 165 SE Buff St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Nygel D. Drury License #OR: 201232300 (503) 200-2064
Listing office Portland Office (503) 200-2064
Listing date Apr 3, 2026
Source Marcusmillichap
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All listing content including descriptions, pricing, images are the copyrighted material of Portland Office
Overview
Madras Multifamily Investment Opportunity
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
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 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.
