SW Fairgrounds Rd Lot 00200, Madras, OR 97741
Madras · Jefferson County
Key Facts
Description
Prime Development Opportunity - 2.5 Acres Zoned R1. This is a rare opportunity to acquire 2.5 acres of flat, build-ready land in an exceptional location—directly across from the Jefferson County Fairgrounds. Zoned R1, this property has the potential to be subdivided into as many as 20 single family lots (buyer to verify with the City of Madras). Sewer has already been installed throughout the property, offering a major head start for development. Whether you're looking to build a subdivision of single-family or multi-family homes—or explore other possibilities. RV park potential exists, given the property's proximity to the fairgrounds & ideal layout for accommodating seasonal activity. This is an investment worth serious consideration. Please consult with the City of Madras for specific zoning and use requirements. Two conceptual Subdivision plans exist, ask for copies to review different development approaches. Growing demand and location offering direct access to everything!
Property Information
Property Type
Land
Lot Size
2.51 acres
Days on Market
195
MLS® Listing#
220208077
Property Features
Fencing
Lot Features
Utilities
Sewer
Water Source
Schools
- Elementary:
- Madras Elementary
- Middle:
- Jefferson County Middle
- High:
- Madras High
Financial Details
HOA
None
Annual Taxes
$1,146
Tax year 2024
Parcel Number
1872
Directions
Located directly South of 541 SW Fairgrounds Rd., Madras, OR 97741
Affordability Calculator
$70,000
Estimated monthly payment
$1,863/mo
Principal $280,000 · Est. interest $390,625 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Madras, OR
- $442,857
- Median Listing Price
- 95
- Median Days on Market
- 1,687
- Median Sq Ft
- $253
- Median Price / Sq Ft
- 118
- Active Listings
- This home’s price is 21% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Madras, OR.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 702 NE Highway 97 Highway, Madras, OR | $248,000 | — | — | — |
| 702 NE Hwy 97, Madras, OR | $248,000 | — | — | — |
| 0 SE J Street Parcel 2, Madras, OR | $249,000 | — | — | — |
| 0 NE Cherry Lane, Madras, OR | $249,000 | — | — | — |
| 857 SE MALIAH AVE, Madras, OR | $255,000 | 3 | 3 | 1,266 |
| 402 SE Carmen Way, Madras, OR | $255,000 | 3 | 3 | 1,092 |
Moving Cost Estimate
Listing Courtesy: eXp Realty, LLC - 503-915-8271
Last Updated: 2025-07-30