$4,900,000
( $94.82Per Sq Foot )
$26,304 est/mo Sourced by Back At You1456 SW Olive St,Madras, OR 97741
Madras, OR 97741
Description
**For Sale: Mini-Storage Investment - 1451 SW Olive St, Madras, OR**Turnkey 3-acre self-storage facility featuring 51,675 SQFT under roof with 290 total units. Estimated annual income projects a cap rate of 7%+. Property includes a **keypad entry automated gate**, new curbs, sidewalks, privacy fencing, ADA parking, and newly paved street. Self-serve tenant signup system, exterior security lighting, and WiFi connectivity offer modern convenience and low overhead. Located in a prime area with easy access to all parts of Madras. Excellent opportunity for investors seeking strong returns in a growing Central Oregon market.
Details
| MLS # | 122483260 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 2025 |
| Days On Site | 518 |
| Listing Provided By | eXp Realty, LLC | E. Lamar Yoder |
Features
| SQ Feet | 51,675 |
|---|---|
| Story(s) | 1 |
| Building(s) | 5 |
| Zoning | MUE |
| Acreage | 3.00 |
| Property View | City, Mountain, Territorial |
Interior
| Heating | None |
|---|---|
| Heating Yn | No |
| Cooling | None |
| Cooling Yn | No |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Metal Frame |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Off Street, Secured |
Taxes
| Property | 1008 |
|---|
Area Information
| State | OR |
|---|---|
| County | Jefferson |
| City | Madras |
| Zip Code | 97741 |
| Listing VS Median (in 97741) | |
Price: $4,900,000 low | high Med: $498,950 sqft: 51,675 low | high Med: 2,569 $ / sqft: $95 low | high Med: $205 On site: 518 low | high Med: 269.5 | |
Market Activity 97741
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Learn More About This Property
| State | OR |
|---|---|
| County | Jefferson |
| City | Madras |
| Zip Code | 97741 |
| Listing VS Median (in 97741) | |
Price: $4,900,000 low | high Med: $498,950 sqft: 51,675 low | high Med: 2,569 $ / sqft: $95 low | high Med: $205 On site: 518 low | high Med: 269.5 | |
Listing Updated: October 31, 2026 at 12:11:37 AM PDT