Real Estate Investment Properties for Sale in Madras, OR

Looking for investment property in Madras, OR with high ROI ?

Explore a variety of short-term homes & houses in Madras, OR. Invest wisely with VRBO & Madras, OR Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Madras, OR

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
385 SE B St Madras, OR With some TLC, this 3-bedroom, 2-bath home offers 1,320 square feet of living space. Hardw...	3 beds \| 2 baths \| 1,320 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.34% Airbnb Rental Income: $null Traditional Rental Income: $2920 Airbnb ROI: N/A Traditional ROI: 10.34%
433 SE Larkspur Dr Madras, OR Dramatic views of seven Cascade peaks from this three-year-old, lightly lived in home loca...	4 beds \| 3 baths \| 2,362 sq.ft.	$499,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.11% Airbnb Rental Income: $null Traditional Rental Income: $2915 Airbnb ROI: N/A Traditional ROI: 4.11%
71 SW 2nd Street Madras, OR Here's an affordable home on a large double lot in Madras. This charming 2 bedroom 1 bathr...	2 beds \| 1 baths \| 1,432 sq.ft.	$259,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 8.38% Airbnb Rental Income: $598 Traditional Rental Income: $2532 Airbnb ROI: -0.71% Traditional ROI: 8.38%
1202 SE Yarrow Ave Madras, OR ''PRICE IMPROVEMENT, MOTIVATED SELLER $474,901 VIEW HOME ON OVERSIZED DOUBLE LOT Exception...	3 beds \| 2 baths \| 1,582 sq.ft.	$464,901	Airbnb cash on cash: N/A Traditional cash on cash: 5.29% Airbnb Rental Income: $null Traditional Rental Income: $3388 Airbnb ROI: N/A Traditional ROI: 5.29%
844 SE Maliah Avenue Madras, OR Two story townhome in Strawberry Heights just ready for your personal touch. Nearly 1500 S...	3 beds \| 3 baths \| 1,512 sq.ft.	$211,500	Airbnb cash on cash: N/A Traditional cash on cash: 9.42% Airbnb Rental Income: $null Traditional Rental Income: $2387 Airbnb ROI: N/A Traditional ROI: 9.42%
825 NW 3rd Street Madras, OR Almost half an acre looking out on the city of Madras and the surrounding territory. Out ...	3 beds \| 2 baths \| 1,976 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $2092 Airbnb ROI: N/A Traditional ROI: 4.61%
485 SE Ponderosa Dr Madras, OR Come discover this adorable small community in the heart of Madras minutes from Town.This ...	5 beds \| 2 baths \| 1,883 sq.ft.	$367,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.06% Airbnb Rental Income: $null Traditional Rental Income: $2604 Airbnb ROI: N/A Traditional ROI: 5.06%
1030 S Adams Dr Madras, OR Updated 3-bedroom, 1-bath home offering new flooring, new slate countertops, updated elect...	3 beds \| 1 baths \| 1,215 sq.ft.	$419,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.19% Airbnb Rental Income: $null Traditional Rental Income: $1559 Airbnb ROI: N/A Traditional ROI: 2.19%
585 SW Fairgrounds Rd Madras, OR Are you looking for a FIXER UPPER or for potential DEVELOPMENT property? This could be for...	3 beds \| 1 baths \| 1,440 sq.ft.	$549,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.01% Airbnb Rental Income: $null Traditional Rental Income: $2382 Airbnb ROI: N/A Traditional ROI: 3.01%
2551 SW Ford Ln Madras, OR Plenty of room on this 5 bedroom property in the country surrounded by farm land and close...	5 beds \| 2 baths \| 2,612 sq.ft.	$529,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.26% Airbnb Rental Income: $null Traditional Rental Income: $4033 Airbnb ROI: N/A Traditional ROI: 6.26%
9581 NE Gateway Ave Madras, OR Located in Gateway Oregon this property has a 3 bed 2 baths home with a 25 x 35 shop and O...	3 beds \| 2 baths \| 1,320 sq.ft.	$369,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.88% Airbnb Rental Income: $null Traditional Rental Income: $1986 Airbnb ROI: N/A Traditional ROI: 3.88%
401 NE Orchid Court Madras, OR Wonderful home sits on a large fenced corner lot in beautiful Morning Crest subdivision. Y...	3 beds \| 3 baths \| 1,664 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.8% Airbnb Rental Income: $null Traditional Rental Income: $3250 Airbnb ROI: N/A Traditional ROI: 6.8%
1774 W Ashwood Ln Madras, OR Highly productive 198 acre farm in Central Oregon with 146.9 acres of Deschutes River wate...	4 beds \| 2 baths \| 2,477 sq.ft.	$1,790,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.76% Airbnb Rental Income: $null Traditional Rental Income: $3598 Airbnb ROI: N/A Traditional ROI: 0.76%
101 NE Daisy St Madras, OR Discover your dream home! With full price offer seller will contribute $10,000 towards buy...	3 beds \| 2 baths \| 1,512 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.68% Airbnb Rental Income: $null Traditional Rental Income: $2762 Airbnb ROI: N/A Traditional ROI: 8.68%
286 SE D St Madras, OR Home is getting a brand new natural gas tankless water heater installed prior to closing. ...	3 beds \| 1 baths \| 1,042 sq.ft.	$305,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.23% Airbnb Rental Income: $null Traditional Rental Income: $2428 Airbnb ROI: N/A Traditional ROI: 6.23%
2355 NE Market St Madras, OR Don't miss this well maintained property in the heart of Central Oregon's grasslands. Situ...	3 beds \| 1 baths \| 1,578 sq.ft.	$374,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.55% Airbnb Rental Income: $null Traditional Rental Income: $2528 Airbnb ROI: N/A Traditional ROI: 5.55%
303 NW Poplar St Madras, OR Seller now offering HOME WARRANTY ! Come see this Mid Century Modern home in the country o...	3 beds \| 2 baths \| 1,701 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.24% Airbnb Rental Income: $null Traditional Rental Income: $3386 Airbnb ROI: N/A Traditional ROI: 7.24%
681 NE Begonia Street Madras, OR Motivated SellerThis beautifully lightly lived in home offers the perfect blend of charm, ...	3 beds \| 2 baths \| 1,450 sq.ft.	$404,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.44% Airbnb Rental Income: $null Traditional Rental Income: $3225 Airbnb ROI: N/A Traditional ROI: 6.44%
76 SE Hoff Ln Madras, OR Don't miss this fantastic investment opportunity! This well-maintained duplex offers stunn...	N/A beds \| N/A baths \| 2,636 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.55% Airbnb Rental Income: $null Traditional Rental Income: $1772 Airbnb ROI: N/A Traditional ROI: 1.55%
22 SE Hoff Ln Madras, OR Built in 2018, this lightly lived-in, wheelchair accessible home is move-in ready! Featuri...	2 beds \| 1 baths \| 1,216 sq.ft.	$359,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 6.26% Airbnb Rental Income: $598 Traditional Rental Income: $2797 Airbnb ROI: -1.12% Traditional ROI: 6.26%
420 SE Manzanita Dr Madras, OR Price Improvement on this New Construction, Masterfully designed 1,978 sq ft living space ...	3 beds \| 2 baths \| 1,978 sq.ft.	$499,901	Airbnb cash on cash: N/A Traditional cash on cash: 6.66% Airbnb Rental Income: $null Traditional Rental Income: $4005 Airbnb ROI: N/A Traditional ROI: 6.66%
1130 NE Lower Dr Madras, OR Imagine living in a quiet neighborhood at the end of a dead-end street with a fantastic Ca...	4 beds \| 2 baths \| 2,663 sq.ft.	$499,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.47% Airbnb Rental Income: $null Traditional Rental Income: $3830 Airbnb ROI: N/A Traditional ROI: 5.47%
4647 SW Belmont Ln Madras, OR Looking for privacy without sacrificing convenience? This stunning 79-acre estate offers t...	4 beds \| 3 baths \| 3,602 sq.ft.	$1,190,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.4% Airbnb Rental Income: $null Traditional Rental Income: $5500 Airbnb ROI: N/A Traditional ROI: 3.4%
440 NE Chestnut St Madras, OR Charming Retreat on a picturesque tree-lined street. Both warmth and character welcome you...	3 beds \| 2 baths \| 1,256 sq.ft.	$341,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.76% Airbnb Rental Income: $null Traditional Rental Income: $2791 Airbnb ROI: N/A Traditional ROI: 6.76%
711 SW 3rd St Madras, OR Park like paradise on .32 of an acre. This 3 bed 3 bath beautifully maintained single leve...	3 beds \| 3 baths \| 1,885 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.07% Airbnb Rental Income: $null Traditional Rental Income: $3710 Airbnb ROI: N/A Traditional ROI: 8.07%
1050 SE Clover Ln Madras, OR Don't miss out on this incredible opportunity to own a brand new, custom built home at an ...	3 beds \| 2 baths \| 1,571 sq.ft.	$438,901	Airbnb cash on cash: N/A Traditional cash on cash: 6.72% Airbnb Rental Income: $null Traditional Rental Income: $3445 Airbnb ROI: N/A Traditional ROI: 6.72%
524 SE Morgan Ct Madras, OR Welcome to this beautifully maintained 2021 single-level home offering 1,554 sq ft of comf...	3 beds \| 2 baths \| 1,554 sq.ft.	$384,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.41% Airbnb Rental Income: $null Traditional Rental Income: $3045 Airbnb ROI: N/A Traditional ROI: 6.41%
705 NE Chapel Street Madras, OR 1st time on market! This custom home offers 3 beds, plus office, 3 bath, 2847 SQ ft one-le...	3 beds \| 3 baths \| 2,847 sq.ft.	$639,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.42% Airbnb Rental Income: $null Traditional Rental Income: $4281 Airbnb ROI: N/A Traditional ROI: 5.42%
250 SE Steele St Madras, OR Bring your vision and make this 1848 sq ft, 4 bedroom, 2 bath home your own! Nestled on 20...	4 beds \| 2 baths \| 1,848 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.69% Airbnb Rental Income: $null Traditional Rental Income: $3281 Airbnb ROI: N/A Traditional ROI: 5.69%
951 SE Rancho Ln Madras, OR Perched on top of the hill with panoramic views overlooking farmland, this 3-bedroom, 2-ba...	3 beds \| 2 baths \| 1,772 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 4% Airbnb Rental Income: $null Traditional Rental Income: $3104 Airbnb ROI: N/A Traditional ROI: 4%
280 NW Double Eagle Ave Madras, OR Welcome to your dream home! Nestled in a charming neighborhood, this sprawling 2386 sq ft ...	4 beds \| 2 baths \| 2,436 sq.ft.	$499,999	Airbnb cash on cash: N/A Traditional cash on cash: 7.1% Airbnb Rental Income: $null Traditional Rental Income: $4239 Airbnb ROI: N/A Traditional ROI: 7.1%
585 SW 1st St Madras, OR This is your opportunity to own a special home with numerous exceptional amenities. Large...	2 beds \| 1 baths \| 1,031 sq.ft.	$274,900	Airbnb cash on cash: -0.76% Traditional cash on cash: 7.87% Airbnb Rental Income: $598 Traditional Rental Income: $2545 Airbnb ROI: -0.76% Traditional ROI: 7.87%
849 SE Dacotah Ct Madras, OR Spacious single-level home offering 2,344 sq ft of comfortable living on a generous .37-ac...	3 beds \| 2 baths \| 2,344 sq.ft.	$449,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.13% Airbnb Rental Income: $null Traditional Rental Income: $3453 Airbnb ROI: N/A Traditional ROI: 6.13%
567 NE Arnold St #177 Madras, OR 2% Lender Credit Offered for a Limited Time!Welcome to Sagebrook Estates! This thoughtfull...	3 beds \| 2 baths \| 1,258 sq.ft.	$334,950	Airbnb cash on cash: N/A Traditional cash on cash: 6.93% Airbnb Rental Income: $null Traditional Rental Income: $2804 Airbnb ROI: N/A Traditional ROI: 6.93%
590 NE Arnold St #183 Madras, OR 2% Lender Credit Offered for a Limited Time!Welcome to Sagebrook Estates! This thoughtfull...	4 beds \| 2 baths \| 1,416 sq.ft.	$349,950	Airbnb cash on cash: N/A Traditional cash on cash: 6.91% Airbnb Rental Income: $null Traditional Rental Income: $3042 Airbnb ROI: N/A Traditional ROI: 6.91%
155 SW 2nd Street Madras, OR This charming single-level ranch in Madras offers potential and possibility at every turn!...	3 beds \| 2 baths \| 1,089 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.83% Airbnb Rental Income: $null Traditional Rental Income: $2852 Airbnb ROI: N/A Traditional ROI: 8.83%
64 NE Hodges Street Madras, OR Great deal on a nice stick built home just outside of town.	3 beds \| 2 baths \| 1,362 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.11% Airbnb Rental Income: $null Traditional Rental Income: $2864 Airbnb ROI: N/A Traditional ROI: 10.11%
894 SE Aquila Dr Madras, OR Brand new 2 bed, 2.5 bath home - move-in ready Spring 2026. New construction home by This...	2 beds \| 2 baths \| 1,152 sq.ft.	$200,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 9.93% Airbnb Rental Income: $598 Traditional Rental Income: $2405 Airbnb ROI: -1.11% Traditional ROI: 9.93%
706 NE Rickenbacker Road #137 Madras, OR 2% Lender Credit Offered for a Limited Time!Welcome to Sagebrook Estates! This thoughtfull...	3 beds \| 2 baths \| 1,258 sq.ft.	$330,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.3% Airbnb Rental Income: $null Traditional Rental Income: $2887 Airbnb ROI: N/A Traditional ROI: 7.3%
702 NE Rickenbacker Rd #138 Madras, OR 2% Lender Credit Offered for a Limited Time!Welcome to Sagebrook Estates! This thoughtfull...	4 beds \| 2 baths \| 1,416 sq.ft.	$344,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.39% Airbnb Rental Income: $null Traditional Rental Income: $3025 Airbnb ROI: N/A Traditional ROI: 7.39%

Real Estate investment in Madras, OR

There are 167 properties for sale in the city of Madras . The median list price in Madras is $389,900 and the average price per square foot is $235. In March 2026, the average monthly cash on cash return in Madras is 6.00%. The average monthly rental income in Madras is $2,897.

Madras, OR Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 167 investment properties available for sale in Madras.

In 2026, the best neighborhood to buy investment property is Madras.

The ROI for Long-Term is higher than the Short-Term in Madras with average rental income of $2,897.

Your search for investment property begins and ends here

Investment Property for Sale in Madras, OR

385 SE B St

Madras, OR

3 beds | 2 baths | 1,320 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.34%

Airbnb Rental Income: $null

Traditional Rental Income: $2920

Airbnb ROI: N/A

Traditional ROI: 10.34%

433 SE Larkspur Dr

Madras, OR

4 beds | 3 baths | 2,362 sq.ft.

$499,999

Airbnb cash on cash: N/A

Traditional cash on cash: 4.11%

Airbnb Rental Income: $null

Traditional Rental Income: $2915

Airbnb ROI: N/A

Traditional ROI: 4.11%

71 SW 2nd Street

Madras, OR

2 beds | 1 baths | 1,432 sq.ft.

$259,000

Airbnb cash on cash: -0.71%

Traditional cash on cash: 8.38%

Airbnb Rental Income: $598

Traditional Rental Income: $2532

Airbnb ROI: -0.71%

Traditional ROI: 8.38%

1202 SE Yarrow Ave

Madras, OR

3 beds | 2 baths | 1,582 sq.ft.

$464,901

Airbnb cash on cash: N/A

Traditional cash on cash: 5.29%

Airbnb Rental Income: $null

Traditional Rental Income: $3388

Airbnb ROI: N/A

Traditional ROI: 5.29%

844 SE Maliah Avenue

Madras, OR

3 beds | 3 baths | 1,512 sq.ft.

$211,500

Airbnb cash on cash: N/A

Traditional cash on cash: 9.42%

Airbnb Rental Income: $null

Traditional Rental Income: $2387

Airbnb ROI: N/A

Traditional ROI: 9.42%

825 NW 3rd Street

Madras, OR

3 beds | 2 baths | 1,976 sq.ft.

$339,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.61%

Airbnb Rental Income: $null

Traditional Rental Income: $2092

Airbnb ROI: N/A

Traditional ROI: 4.61%

485 SE Ponderosa Dr

Madras, OR

5 beds | 2 baths | 1,883 sq.ft.

$367,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.06%

Airbnb Rental Income: $null

Traditional Rental Income: $2604

Airbnb ROI: N/A

Traditional ROI: 5.06%

1030 S Adams Dr

Madras, OR

3 beds | 1 baths | 1,215 sq.ft.

$419,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.19%

Airbnb Rental Income: $null

Traditional Rental Income: $1559

Airbnb ROI: N/A