Active

$1,190,000

115 NE A St, Madras, OR 97741

2beds

7,008sqft

$8,278/mo

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Multi Family, Townhouse

Built in 1961

0.46 Acres Lot

$1,162,800 Zestimate^®

$170/sqft

$-- HOA

What's special

This property has been one of the best rental properties in Madras, with few if any vacancies. Great place for a family with lots of room to live & play, close to schools, trails & bowling center. While built in 1961, they have been owned by investors that have taken good care of the property for a long-term investment. New Mini Split for HVAC added recently to all units. Nice grass backyard fully fenced. Adjacent to Sahalee Park, with splash park, playground equipment, pavilion and picnic areas. Within walking distance to shops, restaurants, banks and more.

9 days
36
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Baseboard, Ductless, Electric, Other

Cooling

Ductless, Wall/Window Unit(s), Other

Appliances

Included: Oven, Range, Range Hood, Refrigerator

Features

Laminate Counters, Linen Closet, Pantry, Shower/Tub Combo
Flooring: Carpet, Laminate, Vinyl
Windows: Aluminum Frames, Vinyl Frames
Basement: Full
Has fireplace: No
Common walls with other units/homes: 1 Common Wall,2+ Common Walls,End Unit,No One Above,No One Below

Interior area

Total structure area: 7,008
Total interior livable area: 7,008 sqft

Property

Parking

Parking features: Driveway, No Garage, On Street, Parking Lot
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Patio
Fencing: Fenced
Has view: Yes
View description: Park/Greenbelt
Waterfront features: Creek

Lot

Size: 0.46 Acres
Features: Corner Lot, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Rear

Details

Parcel number: 9206
Zoning description: C2
Special conditions: Standard

Construction

Type & style

Home type: Townhouse
Architectural style: Traditional
Property subtype: Multi Family, Townhouse

Materials

Frame
Foundation: Slab, Stemwall
Roof: Metal

Condition

New construction: No
Year built: 1961

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Available

Community & HOA

Community

Features: Park, Playground, Trail(s)
Security: Smoke Detector(s)
Subdivision: Palmain

HOA

Has HOA: No

Location

Region: Madras

Financial & listing details

Price per square foot: $170/sqft
Tax assessed value: $929,850
Annual tax amount: $8,571
Date on market: 9/15/2026
Cumulative days on market: 9 days
Listing terms: Cash,Conventional
Road surface type: Paved

Estimated market value

$1,162,800

$1.10M - $1.22M

$1,383/mo

Price history

Date	Event	Price
9/15/2026	Listed for sale	$1,190,000+128.8%$170/sqft
Source: Oregon Datashare #220228698 Report a problem
2/4/2019	Sold	$520,000+62.5%$74/sqft
Source: Oregon Datashare #201810353 Report a problem
4/3/2014	Sold	$320,000$46/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,572 +1.7%	$417,250 +3%
2024	$8,424 +6.8%	$405,100 +3%
2023	$7,891 +1.5%	$393,310 +3%
2022	$7,775 +4.4%	$381,860 +3%
2021	$7,444 +2.1%	$370,740 +3%
2020	$7,288 +7%	$359,950 +6.1%
2018	$6,809 +8.4%	$339,300 +3%
2017	$6,283 +8.1%	$329,420 +3%
2016	$5,813	$319,830 +2.3%
2015	$5,813 +0.8%	$312,580 +3%
2014	$5,765	$303,480 +3%
2013	$5,765 -6.3%	$294,650 +3%
2012	$6,152 +4.1%	$286,070 +3%
2011	$5,907 +3.2%	$277,740 +3%
2010	$5,726	$269,660
2009	--	$269,660

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 97741

Getting around

70 / 100

Very Walkable

82 / 100

Very Bikeable

Nearby schools

GreatSchools rating

2/10
Madras Elementary School
Grades: K-5Distance: 0.3 mi
5/10
Jefferson County Middle School
Grades: 6-8Distance: 1.1 mi
5/10
Madras High School
Grades: 9-12Distance: 0.4 mi

Schools provided by the listing agent

Elementary: Madras Elementary
Middle: Jefferson County Middle
High: Madras High

Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.