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$375000   Price Analysis
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496-498 SE 10th St
Madras, OR 97741
4 bed 2 bath 1620 SqFt ($231/SqFt)
0.28 acre lot. Built 1963
Listed 2023-10-02
USDA Eligible
near Paxton, OR
 

Turn Key Duplex on 2 1/2 City Lots with a long term rental history for both units.

Each unit is 2 BR/1 Bath, 810 sq. ft, with attached carports and fenced yards situated on .28 acres with a privat setting. Excellent location in the heart of Madras is close to schools, shopping and local activities. This home would be a tremendous as a starter home with the rented unit counting as income while the new owner lives in the other unit. The property even has room for expansion!

Check with City for additional opportunities available. Call for an appointment to view. Adjoining Investment property also for sale (484 SE 10th St.). Seller willing to discount price if both are purchased at the same time.


Presented by Julianna Randall at
Dreams Realty Group, LLC.


Property MLS #220172033 from CentralOregon

Bedrooms: 4

Laminate Counters
Linen Closet
Pantry
Shower/Tub Combo
Flooring: Carpet, Vinyl
Window Features: Double Pane Windows, Low Emissivity Windows, Vinyl Frames

Dryer
Refrigerator
Washer
Water Heater

Full Bathrooms: 2

Heating Features: Electric, Wall Furnace

Additional Parcels: No
Lot Size Acres: 0.28
Lot Size Dimensions: 8900 & 8800
Lot Size Square Feet: 12197

Carport Spaces: 2
Parking Features: Attached Carport, Driveway, Shared Driveway

Road Frontage Type: Private Access, Shared Access
Road Surface Type: Paved

View: Neighborhood
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Buff Elementary
High School: Madras High
Middle School: Jefferson County Middle

Madras High School is a public high school located approximately 0.1 miles away.
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Madras Christian School is a private elementary and middle school located approximately 0.2 miles away.
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Buff Intermediate School is a public elementary school located approximately 0.2 miles away.
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Jefferson County Middle School is a public middle school located approximately 1 miles away.
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Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit-1 Square Feet: 810
Unit-2 Square Feet: 810
Unit 1 Total Actual Rent: 810.00
Unit 2 Total Actual Rent: 775.00

Community Features: Park, Playground, Tennis Court(s), Trail(s)

Separate Electric Meters
Separate Water Meters
Annual Tax Amount: 2090.46
Source Listing Status: Active
County: Jefferson
Cross Street: SE Buff Street
Directions: Access is from Buff St. From Hwy 97, head east on Buff St. Last driveway on left just before intersection with 10th St. Look for sign.
Tax Year: 2024
Source Property Type: Residential Income
Exclusions: tenant owned appliances
Inclusions: 2 hot water heaters, 1 refrigerator, 1 dryer, 1 washer
Source Neighborhood: Palmain
Parcel Number: 10190 & 10189
Subdivision: Palmain
Zoning: R1
Property Features: Corner Lot, Fenced, Level
Property Subtype: Duplex
Source System Name: C2C

Listed 2023-10-02
$375000
CentralOregon

Year Built: 1963
Building Area Source: Assessor
Building Area Total: 1620
Building Area Units: Square Feet
Common Walls: No Common Walls, No One Above, No One Below
Construction Materials: Frame
Foundation Details: Stemwall
Levels: One
Property Age: 61
Roof: Composition
Architectural Style: Ranch

Sewer: Public Sewer
Water Source: Public
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.