243 N Holly St Medford, OR 97501
Downtown Medford NeighborhoodEstimated payment $4,278/month
Highlights
- 0.23 Acre Lot
- Wood Flooring
- No HOA
- Craftsman Architecture
- Corner Lot
- Neighborhood Views
About This Home
This 5-unit property near downtown Medford is an excellent investment opportunity. With a total of 3,062 square foot this property includes four 1-bedroom, 1-bath units, along with a standalone 2-bedroom, 1-bath unit. Located on a .23-acre corner lot, it offers space for five parking spots and has potential for future development to add more units. It has new exterior paint, with most units updated to include new flooring, cabinets, and fresh interior paint. With its prime location, growth possibilities, and a cap rate of 6.26%, this property is a great investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,462
Year Built
- Built in 1928
Lot Details
- 10,019 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Level Lot
Home Design
- Craftsman Architecture
- Pillar, Post or Pier Foundation
- Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Double Pane Windows
- Vinyl Clad Windows
- Wood Frame Window
- Neighborhood Views
- Range
Flooring
- Wood
- Vinyl
Home Security
- Surveillance System
- Fire and Smoke Detector
Parking
- No Garage
- On-Street Parking
- Parking Lot
Utilities
- No Cooling
- Heating Available
- Cable TV Available
Listing and Financial Details
- Exclusions: Tenants Personal Property
- Tax Lot 2800
- Assessor Parcel Number 10397011
Community Details
Overview
- No Home Owners Association
- 5 Units
- West Medford Subdivision
Building Details
- Gross Income $63,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | For Sale | $715,000 | 0.0% | $234 / Sq Ft |
| 03/31/2025 03/31/25 | Off Market | $715,000 | -- | -- |
| 09/24/2024 09/24/24 | For Sale | $715,000 | +146.6% | $234 / Sq Ft |
| 05/13/2019 05/13/19 | Sold | $290,000 | -3.3% | $95 / Sq Ft |
| 04/15/2019 04/15/19 | Pending | -- | -- | -- |
| 02/06/2019 02/06/19 | For Sale | $299,900 | -- | $98 / Sq Ft |
Source: Southern Oregon MLS
MLS Number: 220190371
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