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
433 SE Larkspur Drive 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: 4.18% Airbnb Rental Income: $null Traditional Rental Income: $2915 Airbnb ROI: N/A Traditional ROI: 4.18%
749 SW Madison Street Madras, OR Great location for this cute three bedroom two bath home on a nice sized lot room for a ga...	3 beds \| 2 baths \| 1,064 sq.ft.	$269,000	Airbnb cash on cash: 3.39% Traditional cash on cash: 9.44% Airbnb Rental Income: $1816 Traditional Rental Income: $2860 Airbnb ROI: 3.39% Traditional ROI: 9.44%
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.	$279,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 7.72% Airbnb Rental Income: $1710 Traditional Rental Income: $2532 Airbnb ROI: 2.79% Traditional ROI: 7.72%
1202 SE Yarrow Avenue Madras, OR CUSTOM VIEW HOME ON OVERSIZED DOUBLE LOT Exceptional 1,582 sq ft \| 3 bed, 2 bath \| Premium...	3 beds \| 2 baths \| 1,582 sq.ft.	$519,901	Airbnb cash on cash: 0.38% Traditional cash on cash: 4.63% Airbnb Rental Income: $1816 Traditional Rental Income: $3388 Airbnb ROI: 0.38% Traditional ROI: 4.63%
28 NE Hillcrest Street Madras, OR This charming and budget-friendly 3-bedroom, 2-bath home is perfect for first-time buyers ...	3 beds \| 2 baths \| 1,144 sq.ft.	$334,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 5.17% Airbnb Rental Income: $1816 Traditional Rental Income: $2261 Airbnb ROI: 2.19% Traditional ROI: 5.17%
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: 2.2% Traditional cash on cash: 4.61% Airbnb Rental Income: $1816 Traditional Rental Income: $2092 Airbnb ROI: 2.2% Traditional ROI: 4.61%
1735 NE HILLTOP LN Madras, OR Price reduction to sell! Cascade Mountain views top this great property. Newly renovated...	3 beds \| 2 baths \| 2,100 sq.ft.	$450,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 2.9% Airbnb Rental Income: $1816 Traditional Rental Income: $2056 Airbnb ROI: 1.17% Traditional ROI: 2.9%
585 SW Fairgrounds Road 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.	$599,999	Airbnb cash on cash: 0.79% Traditional cash on cash: 2.68% Airbnb Rental Income: $1816 Traditional Rental Income: $2382 Airbnb ROI: 0.79% Traditional ROI: 2.68%
12 SW 2nd Street Madras, OR Investment opportunity. Front house has 2 bedrooms, 1 bath, original hardwood floors, upst...	2 beds \| 1 baths \| 1,440 sq.ft.	$225,000	Airbnb cash on cash: 3.43% Traditional cash on cash: 5.8% Airbnb Rental Income: $1710 Traditional Rental Income: $1741 Airbnb ROI: 3.43% Traditional ROI: 5.8%
2152 SW Culver Highway Madras, OR This family is selling their beloved residence they have used as their self-sufficient hom...	3 beds \| 2 baths \| 1,300 sq.ft.	$547,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.52% Airbnb Rental Income: $1816 Traditional Rental Income: $2593 Airbnb ROI: 1.04% Traditional ROI: 3.52%
2551 SW Ford Lane Madras, OR Plenty of room on this 5 bedroom property in the country surrounded by farm land and close...	5 beds \| 3 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%
3760 SW HIGHWAY 97 Madras, OR Your Private Central Oregon Retreat with Unmatched Views! MULTI GENERATIONAL LIVING at its...	5 beds \| 5 baths \| 4,528 sq.ft.	$1,295,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.63% Airbnb Rental Income: $null Traditional Rental Income: $6397 Airbnb ROI: N/A Traditional ROI: 3.63%
6247 NW Vanora Drive Madras, OR Relax and unwind to the soothing sounds of the Deschutes River from this beautiful propert...	3 beds \| 2 baths \| 1,683 sq.ft.	$649,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 3.96% Airbnb Rental Income: $1816 Traditional Rental Income: $3571 Airbnb ROI: 0.25% Traditional ROI: 3.96%
185 SE G Street Madras, OR Welcome to this spacious 4-bedroom, 2-bath home in Madras, OR, offering nearly 3,000 sqft ...	4 beds \| 2 baths \| 2,972 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.45% Airbnb Rental Income: $null Traditional Rental Income: $3834 Airbnb ROI: N/A Traditional ROI: 9.45%
1774 W Ashwood Lane 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.	$1,890,000	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 Street 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: 3.24% Traditional cash on cash: 8.68% Airbnb Rental Income: $1816 Traditional Rental Income: $2762 Airbnb ROI: 3.24% Traditional ROI: 8.68%
2355 NE MARKET ST Madras, OR Donât miss this well maintained property in the heart of Central Oregon's grasslands. Si...	3 beds \| 1 baths \| 1,578 sq.ft.	$379,900	Airbnb cash on cash: 2.09% Traditional cash on cash: 5.47% Airbnb Rental Income: $1816 Traditional Rental Income: $2528 Airbnb ROI: 2.09% Traditional ROI: 5.47%
303 NW Poplar Street Madras, OR Mid Century Oasis in the country overlooking the city of Madras. This rare gem has been ta...	3 beds \| 2 baths \| 1,701 sq.ft.	$399,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 7.16% Airbnb Rental Income: $1816 Traditional Rental Income: $3386 Airbnb ROI: 1.65% Traditional ROI: 7.16%
52 SE Kemper Way #52 Madras, OR Here is your chance to buy a NEW construction home and have it custom built just for you. ...	4 beds \| 2 baths \| 2,958 sq.ft.	$800,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.16% Airbnb Rental Income: $null Traditional Rental Income: $4076 Airbnb ROI: N/A Traditional ROI: 4.16%
571 SW H Street #Lot 9 Madras, OR $10,000 SELLER CREDIT w/ full price offer. Addit'l $5,000 credit possible if use Keely Mat...	3 beds \| 2 baths \| 1,615 sq.ft.	$404,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 5.66% Airbnb Rental Income: $1816 Traditional Rental Income: $2985 Airbnb ROI: 1.28% Traditional ROI: 5.66%
12 SE Revere Avenue Madras, OR Stunning, Nearly New Home on a Corner Lot!This beautifully crafted and impeccably maintain...	3 beds \| 2 baths \| 2,033 sq.ft.	$465,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 5.98% Airbnb Rental Income: $1816 Traditional Rental Income: $3402 Airbnb ROI: 1.2% Traditional ROI: 5.98%
1043 NW Golf Course Drive Madras, OR Seller is offering a $15,000 credit toward closing costs or rate buy-down! This updated 4-...	4 beds \| 2 baths \| 2,278 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.37% Airbnb Rental Income: $null Traditional Rental Income: $3437 Airbnb ROI: N/A Traditional ROI: 7.37%
1170 SW Dover Lane Madras, OR Perched at the south end of Madras, this 5 acre property is ready for your hobby farm drea...	5 beds \| 3 baths \| 2,456 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.49% Airbnb Rental Income: $null Traditional Rental Income: $3832 Airbnb ROI: N/A Traditional ROI: 4.49%
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: 1.44% Traditional cash on cash: 6.44% Airbnb Rental Income: $1816 Traditional Rental Income: $3225 Airbnb ROI: 1.44% Traditional ROI: 6.44%
76 SE Hoff Lane Madras, OR Don't miss this fantastic investment opportunity! This well-maintained duplex offers stunn...	N/A beds \| N/A baths \| N/A	$599,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 1.55% Airbnb Rental Income: $1816 Traditional Rental Income: $1772 Airbnb ROI: 0.75% Traditional ROI: 1.55%
798 SW 3rd Street Madras, OR Welcome to this beautifully maintained 5-bedroom, 2-bath home offering 2,864 square feet o...	5 beds \| 2 baths \| 2,864 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.42% Airbnb Rental Income: $null Traditional Rental Income: $3835 Airbnb ROI: N/A Traditional ROI: 6.42%
717 SE CROSS Lane Madras, OR $10,000.00 concession for closing costs, prepaids and buy downs. ALSO a one year warranty....	3 beds \| 2 baths \| 1,259 sq.ft.	$369,900	Airbnb cash on cash: 1.91% Traditional cash on cash: 5.72% Airbnb Rental Income: $1816 Traditional Rental Income: $2648 Airbnb ROI: 1.91% Traditional ROI: 5.72%
738 Rickenbacker Road Madras, OR Welcome to Sagebrook Estates! This beautifully designed residence offers a great room layo...	3 beds \| 2 baths \| 1,074 sq.ft.	$311,950	Airbnb cash on cash: 2.12% Traditional cash on cash: 7.28% Airbnb Rental Income: $1816 Traditional Rental Income: $2840 Airbnb ROI: 2.12% Traditional ROI: 7.28%
742 NE Rickenbacker Road Madras, OR Welcome to Sagebrook Estates! This beautifully designed residence offers a great room layo...	3 beds \| 2 baths \| 1,258 sq.ft.	$326,950	Airbnb cash on cash: 1.94% Traditional cash on cash: 6.8% Airbnb Rental Income: $1816 Traditional Rental Income: $2821 Airbnb ROI: 1.94% Traditional ROI: 6.8%
22 SE Hoff Lane 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.	$369,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 6.07% Airbnb Rental Income: $1710 Traditional Rental Income: $2797 Airbnb ROI: 1.56% Traditional ROI: 6.07%
1034 NW Golf Course Drive Madras, OR This is your chance to purchase an affordable home in a lovely location. Close to the Gol...	3 beds \| 2 baths \| 1,237 sq.ft.	$299,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 7.79% Airbnb Rental Income: $1816 Traditional Rental Income: $2815 Airbnb ROI: 2.5% Traditional ROI: 7.79%
420 SE Manzanita Drive Madras, OR Masterfully designed 1,978 sq ft living space capturing breathtaking views of Mt. Jefferso...	3 beds \| 3 baths \| 1,978 sq.ft.	$579,901	Airbnb cash on cash: 0.98% Traditional cash on cash: 5.92% Airbnb Rental Income: $1816 Traditional Rental Income: $4005 Airbnb ROI: 0.98% Traditional ROI: 5.92%
771 NE 16th Street Madras, OR Come and tour this brand-new, move-in-ready home at Sagebrook Estates. The single-level, 1...	4 beds \| 2 baths \| 1,527 sq.ft.	$365,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.62% Airbnb Rental Income: $null Traditional Rental Income: $3128 Airbnb ROI: N/A Traditional ROI: 7.62%
1130 NE Lower Drive 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.	$539,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.59% Airbnb Rental Income: $null Traditional Rental Income: $3830 Airbnb ROI: N/A Traditional ROI: 5.59%
4647 SW Belmont Lane Madras, OR Looking for privacy without sacrificing convenience? This stunning 79-acre estate offers t...	4 beds \| 4 baths \| 3,602 sq.ft.	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.36% Airbnb Rental Income: $null Traditional Rental Income: $5500 Airbnb ROI: N/A Traditional ROI: 3.36%
1048 SW Colfax Lane Madras, OR Country living just minutes to downtown Madras. This residence offers a bit of everything,...	3 beds \| 3 baths \| 2,184 sq.ft.	$548,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 5.47% Airbnb Rental Income: $1816 Traditional Rental Income: $3711 Airbnb ROI: 0.81% Traditional ROI: 5.47%
2918 SE Teresa Drive Madras, OR Here's your chance to own your dream home on an acre! Beautiful home with country charm! 3...	3 beds \| 2 baths \| 1,620 sq.ft.	$459,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 4.96% Airbnb Rental Income: $1816 Traditional Rental Income: $2834 Airbnb ROI: 1.45% Traditional ROI: 4.96%
968 SE Kierra Place Madras, OR Looking to downsize or dip your toe in the homeownership pool? You don't want to miss this...	3 beds \| 2 baths \| 1,266 sq.ft.	$249,900	Airbnb cash on cash: 3.37% Traditional cash on cash: 8.59% Airbnb Rental Income: $1816 Traditional Rental Income: $2557 Airbnb ROI: 3.37% Traditional ROI: 8.59%
444 NE Cedar Street Madras, OR This 3-bedroom, 2-bath stick-built home in Madras sits on a spacious 0.22-acre lot with a ...	3 beds \| 2 baths \| 1,196 sq.ft.	$209,900	Airbnb cash on cash: 3.89% Traditional cash on cash: 10.61% Airbnb Rental Income: $1816 Traditional Rental Income: $2662 Airbnb ROI: 3.89% Traditional ROI: 10.61%
440 NE Chestnut Street Madras, OR Charming Retreat on a picturesque tree-lined street. Both warmth and character welcome you...	3 beds \| 2 baths \| 1,256 sq.ft.	$382,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 5.95% Airbnb Rental Income: $1816 Traditional Rental Income: $2791 Airbnb ROI: 1.86% Traditional ROI: 5.95%

Real Estate investment in Madras, OR

There are 62 properties for sale in the city of Madras . The median list price in Madras is $404,900 and the average price per square foot is $217. In September 2025, the average monthly cash on cash return in Madras is 6.00%. The average monthly rental income in Madras is $3,061.

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

There are 62 investment properties available for sale in Madras.

In 2025, 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 $3,061.

Your search for investment property begins and ends here

Investment Property for Sale in Madras, OR

433 SE Larkspur Drive

Madras, OR

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

$499,999

Airbnb cash on cash: N/A

Traditional cash on cash: 4.18%

Airbnb Rental Income: $null

Traditional Rental Income: $2915

Airbnb ROI: N/A

Traditional ROI: 4.18%

749 SW Madison Street

Madras, OR

3 beds | 2 baths | 1,064 sq.ft.

$269,000

Airbnb cash on cash: 3.39%

Traditional cash on cash: 9.44%

Airbnb Rental Income: $1816

Traditional Rental Income: $2860

Airbnb ROI: 3.39%

Traditional ROI: 9.44%

71 SW 2nd Street

Madras, OR

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

$279,000

Airbnb cash on cash: 2.79%

Traditional cash on cash: 7.72%

Airbnb Rental Income: $1710

Traditional Rental Income: $2532

Airbnb ROI: 2.79%

Traditional ROI: 7.72%

1202 SE Yarrow Avenue

Madras, OR

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

$519,901

Airbnb cash on cash: 0.38%

Traditional cash on cash: 4.63%

Airbnb Rental Income: $1816

Traditional Rental Income: $3388

Airbnb ROI: 0.38%

Traditional ROI: 4.63%

28 NE Hillcrest Street

Madras, OR

3 beds | 2 baths | 1,144 sq.ft.

$334,000

Airbnb cash on cash: 2.19%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $1816

Traditional Rental Income: $2261

Airbnb ROI: 2.19%

Traditional ROI: 5.17%

825 NW 3rd Street

Madras, OR

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

$339,000

Airbnb cash on cash: 2.2%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $1816

Traditional Rental Income: $2092

Airbnb ROI: 2.2%

Traditional ROI: 4.61%

1735 NE HILLTOP LN

Madras, OR

3 beds | 2 baths | 2,100 sq.ft.

$450,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 2.9%

Airbnb Rental Income: $1816

Traditional Rental Income: $2056

Airbnb ROI: 1.17%

Traditional ROI: 2.9%

585 SW Fairgrounds Road

Madras, OR

3 beds | 1 baths | 1,440 sq.ft.

$599,999

Airbnb cash on cash: 0.79%

Traditional cash on cash: 2.68%

Airbnb Rental Income: $1816

Traditional Rental Income: $2382

Airbnb ROI: 0.79%