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    • Price cut: $11K (5/26)
    $304,000

    433 SE 9th St, Madras, OR 97741

    3beds
    1,863sqft
    : 
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    Duplex, Multi Family
    Built in 1946
    -- sqft lot
    $-- Zestimate®
    $163/sqft
    $-- HOA

    What's special

    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.
    127 days
    |
    243
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    eXp Realty, LLC 503-915-8271

    Source: Oregon Datashare,MLS#: 220215771MLS Logo

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      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: 128 days
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,381/mo

        Price history

        DateEventPrice
        5/26/2026Price change$304,000-3.5%$163/sqft
        Source: Oregon Datashare #220215771 Report a problem
        3/15/2026Price change$315,000-7.1%$169/sqft
        Source: Oregon Datashare #220215771 Report a problem
        2/27/2026Listed for sale$339,000$182/sqft
        Source: Oregon Datashare #220215771 Report a problem
        2/25/2026Pending sale$339,000$182/sqft
        Source: Oregon Datashare #220215771 Report a problem
        2/22/2026Listed for sale$339,000+64.6%$182/sqft
        Source: Oregon Datashare #220215771 Report a problem
        12/9/2019Sold$206,000+111.3%$111/sqft
        Source: Public Record Report a problem
        3/23/2018Sold$97,500$52/sqft
        Source: Oregon Datashare #201801068 Report a problem

        Public tax history

        YearProperty taxesTax 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.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 97741

        Getting around

        67 / 100
        Somewhat Walkable
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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