Great investment property or starter home with income for new buyer. This fully rented duplex on a corner lot has a great in town location & potential for higher returns with improvements to duplex or adding additional units (up to 4 units with C-3 zoning on .172 Acres) duplex is professionally managed for hands off investor portfolio, current tenants on lease would like to stay.
Closed
$309,000
625 SE Commerce St, Madras, OR 97741
4beds
1,680sqft
Duplex, Multi Family
Built in 1968
-- sqft lot
$333,500 Zestimate®
$184/sqft
$1,448 Estimated rent
Home value
$333,500
$313,000 - $354,000
$1,448/mo
Zestimate® history
Owner options
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$1,448/mo
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$1,448/mo
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$1,836/mo
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$1,836/mo
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Zillow last checked:
Listing updated:
Listed by:
High Desert Realty, LLC 541-312-9449
Bought with:
Windermere Realty Trust
Source: Oregon Datashare,MLS#: 220165643
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Oven, Range, Refrigerator, Water Heater
Features
- Laminate Counters
- Flooring: Carpet, Vinyl
- Windows: Vinyl Frames
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,680
- Total interior livable area: 1,680 sqft
Property
Parking
- Parking features: Alley Access, Driveway, Gravel, No Garage, Shared Driveway, Parking Lot
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Neighborhood, Territorial
Lot
- Size: 7,840 sqft
- Features: Corner Lot, Level
Details
- Parcel number: 1474
- Zoning description: C3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex, Multi Family
Materials
- Frame
- Foundation: Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Madras
- Subdivision: Wistful Vista
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/25/2023 | Sold | $309,000+3.3%$184/sqft |
Source:  Oregon Datashare #220165643 Report a problem | ||
| 6/19/2023 | Pending sale | $299,000$178/sqft |
Source: Oregon Datashare #220165643 Report a problem | ||
| 6/8/2023 | Listed for sale | $299,000-12%$178/sqft |
Source: Oregon Datashare #220165643 Report a problem | ||
| 4/23/2023 | Listing removed | $339,900$202/sqft |
Source: Oregon Datashare #220143837 Report a problem | ||
| 7/6/2022 | Listing removed | -- |
Source: Oregon Datashare #220143837 Report a problem | ||
| 6/3/2022 | Price change | $339,900-2.9%$202/sqft |
Source: Oregon Datashare #220143837 Report a problem | ||
| 5/8/2022 | Price change | $349,900-2.8%$208/sqft |
Source: Oregon Datashare #220143837 Report a problem | ||
| 4/23/2022 | Listed for sale | $360,000+166.9%$214/sqft |
Source: Oregon Datashare #220143837 Report a problem | ||
| 4/29/2005 | Sold | $134,900$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,337 +6.8% | $112,370 +3% |
| 2023 | $2,189 +1.5% | $109,100 +3% |
| 2022 | $2,157 +4.4% | $105,930 +3% |
| 2021 | $2,065 +2.1% | $102,850 +3% |
| 2020 | $2,022 +11.6% | $99,860 +6.1% |
| 2018 | $1,812 +15.2% | $94,140 +9.3% |
| 2017 | $1,573 +15% | $86,130 +14.4% |
| 2016 | $1,368 | $75,260 +21% |
| 2015 | $1,368 +40.9% | $62,220 +18.3% |
| 2014 | $971 | $52,580 +7.6% |
| 2013 | $971 -3.5% | $48,850 -2.6% |
| 2012 | $1,006 +1.2% | $50,150 |
| 2011 | $994 -45.1% | $50,150 -45.1% |
| 2010 | $1,810 | $91,400 -1.4% |
| 2009 | -- | $92,740 |
Find assessor info on the county website
Neighborhood: 97741
Nearby schools
GreatSchools rating
- 6/10Buff Intermediate SchoolGrades: K-5Distance: 0.4 mi
- 5/10Jefferson County Middle SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Madras High SchoolGrades: 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.
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$333,500
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$340,170
- Oregon
- Jefferson County
- Madras
- 97741
- 625 SE Commerce St
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