1456 SW OLIVE ST, Madras, OR 97741 | MLS #122483260 | Berkshire Hathaway HomeServices Real Estate Professionals
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Listing provided courtesy of eXp Realty, LLC- MLS# 122483260MLS ProviderContact Information: 503-915-8271

1456 SW OLIVE STMadras, OR 97741

Commercial · 51,675 Sq. ft. | 3.00 Acres
$4,900,000 Active

1456 SW OLIVE ST Overview

Time on Site:
389 days
Visits:
21

**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.

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1456 SW OLIVE ST Facts & Features

  • Type Commercial
  • Sq. ft. 51,675
  • Price/Sq.ft. $95
  • Lot 3.00 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Month To Month
  • Gross Income: 0
  • Gross Scheduled Income: 537600.0
  • Operating Expense: 0

Building Information

  • Year Built: 2025
  • Year Established: 2025

Business Information

  • Current Use: Mini-Storage

Location/Region

  • Country: US
  • County Or Parish: Jefferson
  • MLS Area Major: 340 - Jefferson County

Tax Information

  • Tax Annual Amount: 1008.4
  • Tax Year: 2024

General Information

  • Inclusions: Building,BusinessName,Land
  • Listing Terms: Cash,Conventional,Other
  • Parcel Number: 1757
  • Property Condition: Existing
  • Property Sub Type: Commercial
  • Property Type: Commercial Sale
  • Zoning: MUE

Interior

Building Interior

  • Building Area Total: 51675.0

General Information

  • Cooling: None
  • Heating: None
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Off Street,Secured
  • Parking Total: 50.0

Lot Information

  • Lot Size Acres: 3.0
  • Lot Size Dimensions: 312x418
  • Lot Size Square Feet: 130680.0
  • Number Of Buildings: 5
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Metal Frame
  • Roof: Metal

General Information

  • Road Frontage Type: 312
  • Sewer: Public Sewer

1456 SW OLIVE ST Neighborhood

Community

97741 (Metolius) Demographics

40
Median Age
36
Population Density (per sq. mile)
32%
College Educated
$52,400
Estimated Median Income
2,586
Estimated Total Home Owners
1,844
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1456 SW OLIVE ST Monthly Cost

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Greg Bowyer
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1456 SW OLIVE ST Market Data

Based on the last 30 days in this zip code

$464,993
Average List Price
$257
Average Price per Square Foot
3
Properties Sold
114
Average Days on Market
175
Properties for Sale
Calculations provided by Reliance Network

1456 SW OLIVE ST History

Date Event Value Agent
1/9/2026Source: Regional MLS Price Reduction
$4,900,000 -5.8%
6/5/2025Source: Regional MLS Added to Database
June 05, 2025