Seller Financing
129 SW 5th Street Madras, OR
$ 750,000
Property Attributes
  • MLS#220136066
  • TypePending
  • CityMadras
  • NeighborhoodPalmain
  • Zip97741
  • StyleArts and Entertainment,Dance Studio,Fitness,Food &
  • Year Built1937
  • Taxes$ 13722
  • Price$ 750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15230
  • Lot Size0.65 Acres
Listing Provided Courtesy Of:
Willow Canyon Group
Data Source:
MLS of Central Oregon (MLSCO)
Property Description

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.

Price History
11/29/2021 Listed $750,000

General Features

# 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


  • 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

Property vs Pending Average in 97741

AVG $390K
AVG $2,468
AVG 41
Year Built
AVG 1995
AVG 27
Data Provided by Walkscore ® not using MLS data