129 SW 5th Street

Madras, OR
$ 750,000 Beds 0 Baths 0 Sq 15,230
Monthly Estimate* How much can I afford?

Multi Tenant Investment - Downtown Madras Commercial/Retail properties available. Eight retail spaces of mixed sizes and condition. The properties were built in the 30's, 40's, 50's with updates over the years. There are 4 tax lots, with over 28,000 sq. ft. of property and over 15,000 sq. ft. of retail, office and shop space. All the property will be sold to one Buyer. Currently there are 5 tenants and 3 vacant units that require some upgrades prior to being rented out. The County Market Value of the properties is nearly $1,100,000. Tax Lot 3700 is a corner lot paved parking lot on 5th Street (North Bound US 97/26), used for parking, festivals and food carts potentially. Tax Lot 3600 has 6 rental spaces 100% occupied. Tax Lot 3500 is a large open area with garage areas in the rear on the alley. Currently a Dance Studio, building needs updating. Tax Lot 3000 is a large shop former repair garage with high ceilings and doors. Seller will consider contract to carry terms.

Pending

  • Price
  • $ 750,000
  • Lot Size
  • 0.65 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 15,230
  • Full Bathrooms
  • 0
  • Year Built
  • 1937
  • Half Bathrooms
  • 0
  • City, Zip
  • Madras
  • Taxes
  • $ 13722
  • County
  • JEFFERSON
  • Style
  • Arts and Entertainment,Dance Studio,Fitness,Food &
  • Area
  • MLS#
  • 220136066
  • Zip
  • 97741
Listing Provided by: Willow Canyon Group
Data Source: MLS of Central Oregon (MLSCO)

Features

General

# Of Units Total 8
Additional Features Bath Common Area, Office Space, Separate Electric Meters, Separate Gas Meters, Separate Water Meters
Basement Partial
Construction Materials Block, Brick, Frame, Unknown
Cooling Central Air, Other, Zoned
Flooring Carpet, Concrete, Laminate, Other, Tile, Vinyl
Heating Electric, Forced Air, Natural Gas, Other
Levels One
New Construction Y/N No
Property Type F
Roof Asphalt, Built-Up, Composition, Rolled/Hot Mop
Section Not Applicable
Security Features Security System Owned
Sewer Public Sewer
Subdivision Name Palmain
Zoning C2

Interior Features

Common Walls No Common Walls
Window Features Aluminum Frames, Double Pane Windows, Vinyl Frames

Exterior Features

Foundation Block, Concrete Perimeter, Other, Slab, Stemwall
Lot Description Corner Lot, Landscaped, Level
Lot Size Acres 0.65
Lot Size Square Feet 28314.00
Parking Details: # Of Other Parking 5
Parking Details: # Of Parking Spaces 20
Parking Details: Parking Yes
Parking Details: Vehicles/average Daily Traffic 12000
Parking Features Alley Access, Asphalt, Driveway, On Street, Parking Lot
Road Surface Type Paved
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Bend, OR office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

11/29/2021 Listed $750,000

Property vs Zip Code Average in 97741

Price
AVG $400K
$750K
Taxes
AVG $2,515
$13,722
Visits
AVG 42
5
Year Built
AVG 1996
1937
Walkscore
AVG 26
77
Data Provided by Walkscore ® not using MLS data

Map

129 SW 5th Street Madras, OR is a Single Family Home for sale at $750000 with 15230 sqft and a lot size of 0.65 Acres Acre(s). 129 SW 5th Street Madras has 0 bedrooms, 0 baths and was built in 1937. The property's zip code is 97741 which is in Madras, OR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.