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%
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: 2.64% Traditional cash on cash: 8.38% Airbnb Rental Income: $1581 Traditional Rental Income: $2532 Airbnb ROI: 2.64% Traditional ROI: 8.38%
1202 SE Yarrow Avenue Madras, OR ''PRICE IMPROVEMENT, MOTIVATED SELLER $474,901 VIEW HOME ON OVERSIZED DOUBLE LOT Exception...	3 beds \| 2 baths \| 1,582 sq.ft.	$474,901	Airbnb cash on cash: N/A Traditional cash on cash: 5.15% Airbnb Rental Income: $null Traditional Rental Income: $3388 Airbnb ROI: N/A Traditional ROI: 5.15%
963 SE Maliah Avenue Madras, OR Built in 2020, this beautifully maintained 3-bedroom, 2-bath single-level home offers mode...	3 beds \| 2 baths \| 1,319 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.66% Airbnb Rental Income: $null Traditional Rental Income: $2216 Airbnb ROI: N/A Traditional ROI: 4.66%
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.	$328,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $2261 Airbnb ROI: N/A Traditional ROI: 5.28%
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%
336 SW H Street Madras, OR Nicer than new single level ranch style home with a great room layout on a large corner lo...	3 beds \| 1 baths \| 1,040 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.13% Airbnb Rental Income: $null Traditional Rental Income: $2572 Airbnb ROI: N/A Traditional ROI: 7.13%
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: N/A Traditional cash on cash: 2.9% Airbnb Rental Income: $null Traditional Rental Income: $2056 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 2.68% Airbnb Rental Income: $null Traditional Rental Income: $2382 Airbnb ROI: N/A 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: 2.93% Traditional cash on cash: 5.8% Airbnb Rental Income: $1581 Traditional Rental Income: $1741 Airbnb ROI: 2.93% 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: N/A Traditional cash on cash: 3.52% Airbnb Rental Income: $null Traditional Rental Income: $2593 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 3.96% Airbnb Rental Income: $null Traditional Rental Income: $3571 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 8.68% Airbnb Rental Income: $null Traditional Rental Income: $2762 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 5.47% Airbnb Rental Income: $null Traditional Rental Income: $2528 Airbnb ROI: N/A Traditional ROI: 5.47%
303 NW Poplar Street 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.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.16% Airbnb Rental Income: $null Traditional Rental Income: $3386 Airbnb ROI: N/A 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 New construction! Park Place is a new community in SW Madras w/ trails to ''M Hill'' just ...	3 beds \| 2 baths \| 1,615 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $2985 Airbnb ROI: N/A Traditional ROI: 5.75%
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%
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 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: N/A Traditional cash on cash: 1.55% Airbnb Rental Income: $null Traditional Rental Income: $1772 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $2648 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 7.28% Airbnb Rental Income: $null Traditional Rental Income: $2840 Airbnb ROI: N/A 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: N/A Traditional cash on cash: 6.8% Airbnb Rental Income: $null Traditional Rental Income: $2821 Airbnb ROI: N/A 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.	$359,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 6.27% Airbnb Rental Income: $1581 Traditional Rental Income: $2797 Airbnb ROI: 1.32% Traditional ROI: 6.27%
1034 NW Golf Course Drive Madras, OR Price reduced for quick sale. This is your chance to purchase an affordable home in a lov...	3 beds \| 2 baths \| 1,237 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.06% Airbnb Rental Income: $null Traditional Rental Income: $2815 Airbnb ROI: N/A Traditional ROI: 8.06%
420 SE Manzanita Drive Madras, OR Seller offering $15,000 incentive to be used for upgrades, closing cost and or % rate buy ...	3 beds \| 3 baths \| 1,978 sq.ft.	$549,901	Airbnb cash on cash: N/A Traditional cash on cash: 6.3% Airbnb Rental Income: $null Traditional Rental Income: $4005 Airbnb ROI: N/A Traditional ROI: 6.3%
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.	$569,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $3830 Airbnb ROI: N/A Traditional ROI: 5.24%
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%
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: N/A Traditional cash on cash: 10.61% Airbnb Rental Income: $null Traditional Rental Income: $2662 Airbnb ROI: N/A 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.	$341,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.77% Airbnb Rental Income: $null Traditional Rental Income: $2791 Airbnb ROI: N/A Traditional ROI: 6.77%
11152 SE Highway 26 Madras, OR Surrounded on three sides by the Crooked River National Grasslands, this home personifies ...	2 beds \| 2 baths \| 1,620 sq.ft.	$595,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 2.93% Airbnb Rental Income: $1581 Traditional Rental Income: $2460 Airbnb ROI: 0.53% Traditional ROI: 2.93%
711 SW 3rd Street 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.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $3710 Airbnb ROI: N/A Traditional ROI: 7.53%
1026 SE Balsamroot Lane Madras, OR Views, views, and more views from this beautiful 3 bedroom, 2.5 bathroom, 1,665 square foo...	3 beds \| 3 baths \| 1,665 sq.ft.	$524,901	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $3499 Airbnb ROI: N/A Traditional ROI: 5.1%
734 NE Rickenbacker Road Madras, OR Welcome to Sagebrook Estates! This thoughtfully designed home features 3 bedrooms, 2 bathr...	3 beds \| 2 baths \| 1,074 sq.ft.	$312,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.24% Airbnb Rental Income: $null Traditional Rental Income: $2836 Airbnb ROI: N/A Traditional ROI: 7.24%
739 NE Rickenbacker Road Madras, OR Welcome to Sagebrook Estates! This thoughtfully designed home features 4 bedrooms, 2 bathr...	4 beds \| 2 baths \| 1,416 sq.ft.	$344,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.81% Airbnb Rental Income: $null Traditional Rental Income: $2991 Airbnb ROI: N/A Traditional ROI: 7.81%

Real Estate investment in Madras, OR

There are 72 properties for sale in the city of Madras . The median list price in Madras is $381,950 and the average price per square foot is $208. In October 2025, the average monthly cash on cash return in Madras is 6.00%. The average monthly rental income in Madras is $3,017.

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

There are 72 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 $3,017.

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%

71 SW 2nd Street

Madras, OR

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

$259,000

Airbnb cash on cash: 2.64%

Traditional cash on cash: 8.38%

Airbnb Rental Income: $1581

Traditional Rental Income: $2532

Airbnb ROI: 2.64%

Traditional ROI: 8.38%

1202 SE Yarrow Avenue

Madras, OR

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

$474,901

Airbnb cash on cash: N/A

Traditional cash on cash: 5.15%

Airbnb Rental Income: $null

Traditional Rental Income: $3388

Airbnb ROI: N/A

Traditional ROI: 5.15%

963 SE Maliah Avenue

Madras, OR

3 beds | 2 baths | 1,319 sq.ft.

$349,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.66%

Airbnb Rental Income: $null

Traditional Rental Income: $2216

Airbnb ROI: N/A

Traditional ROI: 4.66%

28 NE Hillcrest Street

Madras, OR

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

$328,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.28%

Airbnb Rental Income: $null

Traditional Rental Income: $2261

Airbnb ROI: N/A

Traditional ROI: 5.28%

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%

336 SW H Street

Madras, OR

3 beds | 1 baths | 1,040 sq.ft.

$300,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.13%

Airbnb Rental Income: $null

Traditional Rental Income: $2572

Airbnb ROI: N/A

Traditional ROI: 7.13%

1735 NE HILLTOP LN

Madras, OR

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

$450,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.9%

Airbnb Rental Income: $null

Traditional Rental Income: $2056

Airbnb ROI: N/A