$1,190,000
1/50.46 AC · Multi Family
115 NE A Street
Madras, OR 97741
#220228698 01 / 08
For sale
$1,200,000
646 SW Palmain Place
Madras, OR 97741
- Baths
- 0
- Acres
- 0.14
- Built
- 1955
Est. $6,850/mo~68 min to downtown Bend (approx.)
Listing by Coldwell Banker Commercial Realty · 541-382-4123
MLS# 220222112 · Active
01
About this home
Single Tenant. Absolute net lease with a 6.5% Cap Rate. Established Auto Parts tenant with great frontage and signage on 5th street in Madras. Adjacent .35 Acre lot also included in sale (TL 111311DA08700), total land .49 Acres.
02
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03
Price history
134 days, no changes| Date | Event | Price |
|---|---|---|
| May 25, 2026 | Listed for sale | $1,200,000 |
From the MLS: original list price and latest price change. 134 days on market.
04
Drive times
~68 min to downtown Bend- Smith Rock State Park~35 min · 23.3 mi
- Redmond Airport (RDM)~46 min · 33.5 mi
- Sisters~54 min · 40.4 mi
- St. Charles Bend~66 min · 50.7 mi
- Downtown Bend~68 min · 52.5 mi
- Old Mill District~69 min · 53.5 mi
- Mt. Bachelor~86 min · 68.4 mi
- Sunriver Village~88 min · 70.2 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 1955- Year built
- 1955
- Stories
- 1
- Lot
- 0.14 AC · 6,098 SF
- HOA
- None reported
- Taxes
- $3,991/yr
- County
- Jefferson
- Days on market
- 134
- MLS #
- 220222112
- Flooring
- Concrete
- Heating
- Other
- Cooling
- Central Air
- Parking
- Parking Lot · On Street
- View
- City
- Lot
- Level
- Construction
- Block · Concrete · Frame
- Roof
- Membrane
06
Location & schools
Madras44.6270° N · 121.1302° W
Directions07
Monthly payment
$6,850/mo$6,850/mo
$960,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $6,068
- Property tax (listing)
- $333
- Home insurance (est.)
- $450
20% · $240,000
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, 3:00 PM.
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