Excellent Investment Opportunity - 433 & 435 SE 9th St Madras. Two Homes on One Property! This income-producing property features two separate homes on one lot (not a duplex). The larger residence offers 1,376 sq. ft. with 2 bedrooms and 1 bathroom, while the smaller home includes 487 sq. ft. with 1 bedroom and 1 bathroom. Both homes have updated electrical, HVAC, Roof, and plumbing systems and 3 year old solar system, keeping utility costs extremely low. Current monthly rental income is $2,700, making this a strong cash-flow opportunity. Each unit includes its own private storage area. Both homes are in good condition with updated flooring and fixtures throughout. Tenants are long-term, reliable renters. Fridges, ranges, washers & dryers included. Buyer may assume solar lease of $38,000 at 0.5%. If Buyer assumes lease, purchase price reduced accordingly. No showings without an accepted offer. Seller is licensed Oregon, Real Estate Agent.
Active
Price cut: $11K (5/26)
$304,000
433 SE 9th St, Madras, OR 97741
3beds
1,863sqft
Duplex, Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$163/sqft
$-- HOA
What's special
- 175 days |
- 257 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
eXp Realty, LLC 503-915-8271
Source: Oregon Datashare,MLS#: 220215771
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Heat Pump, Wall Furnace, Zoned
Cooling
- Central Air, Heat Pump, Wall/Window Unit(s)
Appliances
- Included: Dryer, Range, Refrigerator, Washer, Water Heater
Features
- Dual Flush Toilet(s), Fiberglass Stall Shower, Laminate Counters, Pantry, Shower/Tub Combo, Solid Surface Counters, Walk-In Closet(s)
- Flooring: Carpet, Vinyl
- Basement: Partial
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,863
- Total interior livable area: 1,863 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One,Two
- Stories: 2
- Patio & porch: Covered, Front Porch, Deck, Patio
- Exterior features: Courtyard, Fire Pit
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,969 Square Feet
- Features: Garden, Landscaped, Sloped
Details
- Additional structures: Shed(s), Storage
- Parcel number: 10155
- Zoning description: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,Traditional
- Property subtype: Duplex, Multi Family
Materials
- Block, Frame
- Foundation: Concrete Perimeter, Slab, Stemwall
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Water Meter
Green energy
- Water conservation: Water-Smart Landscaping
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Madras
HOA
- Has HOA: No
Location
- Region: Madras
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $253,050
- Annual tax amount: $2,255
- Date on market: 2/27/2026
- Cumulative days on market: 175 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,299/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Price change | $304,000-3.5%$163/sqft |
Source:  Oregon Datashare #220215771 Report a problem | ||
| 3/15/2026 | Price change | $315,000-7.1%$169/sqft |
Source: Oregon Datashare #220215771 Report a problem | ||
| 2/27/2026 | Listed for sale | $339,000$182/sqft |
Source: Oregon Datashare #220215771 Report a problem | ||
| 2/25/2026 | Pending sale | $339,000$182/sqft |
Source: Oregon Datashare #220215771 Report a problem | ||
| 2/22/2026 | Listed for sale | $339,000+64.6%$182/sqft |
Source: Oregon Datashare #220215771 Report a problem | ||
| 12/9/2019 | Sold | $206,000+111.3%$111/sqft |
Source: Public Record Report a problem | ||
| 3/23/2018 | Sold | $97,500$52/sqft |
Source: Oregon Datashare #201801068 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,217 +6.8% | $106,610 +3% |
| 2023 | $2,077 +1.5% | $103,510 +3% |
| 2022 | $2,046 +4.4% | $100,500 +3% |
| 2021 | $1,959 +2.1% | $97,580 +3% |
| 2020 | $1,918 +7% | $94,740 +6.1% |
| 2018 | $1,793 +3.8% | $89,320 +3% |
| 2017 | $1,727 +8.1% | $86,720 +3% |
| 2016 | $1,597 | $84,200 +13.1% |
| 2015 | $1,597 +37.4% | $74,420 +18.3% |
| 2014 | $1,162 | $62,930 +36.3% |
| 2013 | $1,162 +30.2% | $46,170 +3.8% |
| 2012 | $892 +1.2% | $44,500 |
| 2011 | $882 -37.3% | $44,500 -37.3% |
| 2010 | $1,406 | $71,010 -15.7% |
| 2009 | -- | $84,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97741
Nearby schools
GreatSchools rating
- 2/10Madras Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Jefferson County Middle SchoolGrades: 6-8Distance: 1 mi
- 5/10Madras High SchoolGrades: 9-12Distance: 0.1 mi
Schools provided by the listing agent
- Elementary: Buff 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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