$715,000

Estimated payment $4,308/month

Total Views 1,011
-- Bed
-- Bath
3,565 Sq Ft
$201 Price per Sq Ft

Highlights

  • 0.23 Acre Lot
  • Corner Lot
  • Neighborhood Views
  • Contemporary Architecture
  • No HOA
  • Double Pane Windows

About This Home

This 5-plex near downtown Medford offers a total of 3,565 square feet and includes three 2-bedroom, 1-bath units, and two 1-bedroom, 1-bath units. Additionally, there are 3 separate garage rentals and an on-site, coin operated laundry facility for the tenants. The property sits on a .23-acre lot with parking, It has new exterior paint, all units have been updated with fresh paint and flooring, with some units receiving additional updates. The property is equipped with a sprinkler system. With its prime location, multiple income streams and a cap rate of 6.55%, this is an excellent investment opportunity.

Listing Agent

Israel Hunter

RE/MAX Platinum License #200904112

RE/MAX Platinum

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,812

Year Built

  • Built in 1910

Lot Details

  • 10,019 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Level Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Neighborhood Views
  • Range

Flooring

  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Home Security

  • Surveillance System
  • Fire and Smoke Detector

Parking

  • Alley Access
  • Gravel Driveway
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Courtyard

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Tax Lot 4300
  • Assessor Parcel Number 10397175

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • West Medford Subdivision

Building Details

  • Gross Income $70,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,812

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Architectural Style: Contemporary
  • Directions: Directions: From N Central turn West onto 4th st. Property is on the corner of N Ivy St
  • Unit Levels: Two
  • Lot Size Acres: 0.23
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Subdivision Name: West Medford
  • Year Built: 1910
  • Total Gross Income: 70380.0
  • Co List Office Phone: 541-734-5500
  • Outside Inclusions: 2 Washers 2 dryers, 5 refrig, 5 ranges
  • MLS Status: Active
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: C-C
  • Road Surface Type:Paved: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 4300
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Security Features:Smoke Detector(s): Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Architectural Style:Contemporary: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Utilities Cable Connected: Yes
  • Special Features: None

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Has Basement: None
  • Flooring: Carpet, Vinyl
  • Window Features: Double Pane Windows, Vinyl Frames
  • Appliances Range: Yes

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Exterior Features: Courtyard
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot, Level, Sprinkler Timer(s), Sprinklers In Front
  • Other Structures: Other
  • Roof: Composition
  • View: Neighborhood
  • Exclusions: Tenants Personal Property
  • Lot Features:Level: Yes
  • Window Features:Vinyl Frames: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Window Features:Double Pane Windows: Yes
  • Exterior Features:Courtyard: Yes

Garage/Parking

  • Parking Features: Alley Access, Gravel, On Street, Parking Lot
  • Attached Garage: No
  • Parking Features:Gravel: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Alley Access: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: None
  • Heating: Natural Gas
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Check with District
  • High School: Check with District
  • Middle Or Junior School: Check with District

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: 10397175
  • ResoLotSizeUnits: Acres
  • Zoning Description: C-C
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5
  • Annual Operating Expense: 23573.0

Tax Info

  • Tax Annual Amount: 3812.32
  • Tax Lot: 4300
  • Tax Map Number: 372W25AD
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 For Sale $715,000 0.0% $201 / Sq Ft
03/31/2025 03/31/25 Off Market $715,000 -- --
09/24/2024 09/24/24 For Sale $715,000 +95.9% $201 / Sq Ft
05/13/2019 05/13/19 Sold $365,000 -8.7% $102 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $399,900 +77.7% $112 / Sq Ft
12/09/2014 12/09/14 Sold $225,000 -16.5% --
11/14/2014 11/14/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $269,500 -- --
Source: Southern Oregon MLS

Source: Southern Oregon MLS

MLS Number: 220190374

Southern Oregon MLS