$375,000
PENDING

Estimated payment $2,307/month

Total Views 5,153
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Territorial View
  • Storage
  • Wood Siding
  • Detached Garage
  • Level Lot
  • Wall Furnace

About This Home

Welcome to 1036 W 12th Street, located in a pleasant pocket of West Medford! The property presents the unique opportunity of two separate homes on one parcel without shared walls, as well as a vacant unit at closing. Well-located for the area, West 12th Street is a peaceful and established neighborhood in West Medford with old-growth tree-lined sidewalks and a nice mix of rentals and owner-occupied homes. Built in 1942 and 1979 (Units B & A, respectively), the units are both 2-bedroom / 1-bathroom layouts with efficient floorplans. Both units are well-maintained and have recent updates, with Unit B being freshly remodeled. The front unit (''A'') has a dedicated detached, 1-car garage, while the rear unit (''B'') has private alley-accessed parking. Overall, the property provides an exceptional opportunity, especially for an owner-occupant looking to enjoy additional income and subsidize your mortgage payment.

Listing Agent

Caspian Hoehne

Merit Commercial Real Estate, LLC. License #201234073

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,563

Year Built

  • Built in 1979

Lot Details

  • Level Lot

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Storage
  • Territorial Views
  • Crawl Space

Parking

  • Detached Garage
  • Open Parking

Schools

  • Washington Elementary School
  • Mcloughlin Middle School
  • South Medford High School

Utilities

  • No Cooling
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 10411655

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,560
  • Gross Income $21,600
  • Net Operating Income $14,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,563

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Year Built: 1979
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • View: Territorial

Garage/Parking

  • Parking Description: Detached, Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Washington
  • High School: South Medford
  • Middle Or Junior School: McLoughlin

Lot Info

  • Zoning: SFR-10
  • Parcel #: 10411655

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 2563.34

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.36
  • Annual Gross Income: 21600.0
  • Property Net Operating Income: 14040.0
  • Annual Operating Expense: 7560.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,710 $181,450 $50,240 $131,210
2023 $2,627 $176,170 $48,780 $127,390
2022 $2,563 $176,170 $48,780 $127,390
2021 $2,497 $171,040 $47,360 $123,680
2020 $2,444 $166,060 $45,980 $120,080
2019 $2,387 $156,540 $43,330 $113,210
2018 $2,326 $151,990 $42,080 $109,910
2017 $2,284 $151,990 $42,080 $109,910
2016 $2,299 $143,280 $39,660 $103,620
2015 $2,210 $143,280 $39,660 $103,620
2014 $2,133 $133,350 $57,020 $76,330
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $375,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $88,243 Closed End Mortgage
Closed $120,229 Fannie Mae Freddie Mac
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23176415

Regional Multiple Listing Service (RMLS)

APN: 10411655