$1,200,000
1/50.14 AC · Land
646 SW Palmain Place
Madras, OR 97741
#220222112 01 / 09
For saleWaterfront
$1,190,000
115 NE A Street
Madras, OR 97741 · Palmain
- Baths
- 0
- Acres
- 0.46
- Built
- 1961
Est. $7,178/mo~69 min to downtown Bend (approx.)
Listing by Willow Canyon Group · 541-475-2220
MLS# 220228698 · Active
01
About this home
This property has been one of the best rental properties in Madras, with few if any vacancies. Great place for a family with lots of room to live & play, close to schools, trails & bowling center. While built in 1961, they have been owned by investors that have taken good care of the property for a long-term investment. New Mini Split for HVAC added recently to all units. Nice grass backyard fully fenced. Adjacent to Sahalee Park, with splash park, playground equipment, pavilion and picnic areas. Within walking distance to shops, restaurants, banks and more.
02
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03
Price history
22 days, no changes| Date | Event | Price |
|---|---|---|
| Sep 14, 2026 | Listed for sale | $1,190,000 |
From the MLS: original list price and latest price change. 22 days on market.
04
Drive times
~69 min to downtown Bend- Smith Rock State Park~36 min · 24.2 mi
- Redmond Airport (RDM)~47 min · 34.4 mi
- Sisters~55 min · 41.2 mi
- St. Charles Bend~67 min · 51.6 mi
- Downtown Bend~69 min · 53.4 mi
- Old Mill District~70 min · 54.4 mi
- Mt. Bachelor~87 min · 69.2 mi
- Sunriver Village~89 min · 71.1 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1961- Type
- Multi Family
- Year built
- 1961
- Stories
- 2
- Lot
- 0.46 AC · 20,038 SF
- HOA
- None reported
- Taxes
- $8,572/yr
- Subdivision
- Palmain
- County
- Jefferson
- Days on market
- 22
- MLS #
- 220228698
- Interior
- Laminate Counters · Linen Closet · Pantry · Shower/Tub Combo
- Appliances
- Oven · Range · Refrigerator · Range Hood
- Flooring
- Carpet · Laminate · Vinyl
- Heating
- Baseboard · Ductless · Electric · Other
- Cooling
- Wall/Window Unit(s) · Other · Ductless
- Parking
- Driveway · No Garage · On Street · Parking Lot
- View
- Park/Greenbelt
- Lot
- Corner Lot · Fenced · Level · Landscaped · Sprinklers In Rear · Sprinkler Timer(s)
- Construction
- Frame
- Roof
- Metal
- Community
- Gas Available · Park · Playground · Trail(s)
06
Location & schools
Palmain44.6369° N · 121.1270° W
Directions- Elementary
- Madras Elementary
- Middle
- Jefferson County Middle
- High
- Madras High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$7,178/mo$7,178/mo
$952,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $6,017
- Property tax (listing)
- $714
- Home insurance (est.)
- $446
20% · $238,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220228824Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 4:31 PM.
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