Four-Unit Residential
New
For Sale
$400,000
418 SW G Street, Madras, OR 97741
Residential Income, Madras, OR
Property Size1,660 SF
Lot Size0.20 Acres
Price / SF$240.96
Days on Market1
Property Features for 418 SW G Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-2 Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Basement, Bedroom 2, Bedroom 3
Parking features
On Street, Driveway
Window features
Single Pane Window(s), Vinyl Frames
Patio and Porch features
Porch
Basement
Daylight, Finished
Appliances
Electric Cooktop, Electric Oven, Refrigerator, Range Hood, Electric Cooktop, Electric Oven, Refrigerator, Range Hood
Elementary school district
Outside Area
Middle school district
Outside Area
High school district
Outside Area
Directions
From SW Culver Hwy, take the SW G exit - apartments on the left side.
Standard status
Active
APN
9517
Size
1,660 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3377
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Wall Furnace
Water source
Public
Building Details
Year built
1951
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Block, Brick, 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: Oct 23
Last Checked: Oct 23 at 8:06AM
MLS# 26-2776
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property contains a mix of one- and two-bedroom apartments, with one bathroom per unit. The building offers 1,660 square feet on a 0.2-acre parcel and is zoned R-2 Residential. Construction materials include block, brick, and frame; interior finishes include vinyl and carpet flooring.
Residents have access to a porch, driveway and on-street parking, public water and sewer, and cable availability. The property is fully leased and is located near a skate park and trail.
Residents have access to a porch, driveway and on-street parking, public water and sewer, and cable availability. The property is fully leased and is located near a skate park and trail.
Key Highlights
- Four apartments with a mix of one- and two‑bedroom layouts; each unit has one bathroom
- 1,660‑square‑foot building on a 0.2‑acre parcel
- R‑2 Residential zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,287
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,740
$465.7K
Cap Rate 7%
$332,671
$332.7K
Cap Rate 9%
$258,744
$258.7K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$35.9K $21.60/SF
− Vacancy
−$2.6K −$1.56/SF
EGI
$33.3K $20.04/SF
− OpEx
−$10.0K −$6.01/SF
NOI
$23.3K $14.03/SF
Area
Jefferson County, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,740
Cap Rate 7%
$332,671
Cap Rate 9%
$258,744
Alternative Uses
Best Use
Multifamily LT 5
$332.7K
$291.1K – $388.1K
NOI $23,287 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$303.7K
$265.7K – $354.3K
NOI $21,259 @ 7.0% cap · market cap 5.31%
Theoretical Best
Specialty Retail
$717.1K
$627.5K – $836.6K
NOI $50,198 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
548
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased configuration includes a mix of one- and two-bedroom apartments, each with one bathroom.
Where is this quadplex located?
The property is located at 418 SW G Street Madras, OR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four apartments with a mix of one- and two‑bedroom layouts; each unit has one bathroom; 1,660‑square‑foot building on a 0.2‑acre parcel; R‑2 Residential zoning
