Multifamily Property for Sale in Madras, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Madras, OR 97741

Description

Buff View Terrace offers a compelling multifamily investment in Madras, the county seat of Jefferson County. Strategically positioned atop a hill, the property provides an elevated ambiance with peek-aboo views of the surrounding mountains. Situated in a primarily quiet residential neighborhood, the complex remains just blocks from the town’s main road, providing convenient access to shopping, dining, employment centers, and essential services. The property consists of 12 well-maintained units, with an even mix of 6 one-bedroom/one-bath and 6 two-bedroom/one-bath units. This diverse unit mix appeals to a broad tenant base, from single professionals utilizing extra space for home offices to growing families, supporting consistent occupancy and long-term demand. Units feature modernized floor plans, luxury vinyl plank (LVP) flooring, updated cadet heating, window-mounted air conditioning, and designated off-street parking. Durable cinder block construction, private unit entry, and on-site security cameras further enhance safety and comfort. Over the past five years, ownership has completed a comprehensive capital improvement program, including new signage, repaved parking, a replaced main sewer line, updated electrical panels, and interior renovations upon turnover. With current rents approximately 20% below market within a one-mile radius, Buff View Terrace presents meaningful upside potential. A new owner can benefit from stable cash flow while realizing additional income through continued upgrades, rent optimization, and operational efficiencies, making this a well-located asset with both stability and long-term growth potential in Central Oregon’s expanding market. Investment Highlights: • Strong Upside Already Proven by Highest-Achieved Rents • Even Split of 1 Bedroom Flats and Attractive High Demand 2 Bedroom Units • Extremely Low Vacancy on Highly Sought-After Location • Breathtaking Views of Central Oregon's Natural Beauty • Professionally Managed and Maintai

Market Context

This multifamily in Madras, OR is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Madras, OR — <a href="/search/sale/multifamily/oregon/madras">view the full market</a>.

Contact

Explore this market

Similar Multifamily Property for Sale in Madras, OR