502 Benson St Medford, OR 97501
Washington NeighborhoodEstimated payment $2,502/month
Highlights
- No HOA
- Cottage
- Ductless Heating Or Cooling System
- Neighborhood Views
- Detached Garage
- Surveillance System
About This Home
This unique property features two separate bungalow-style homes on one lot, each with private entrances and no shared walls—ideal for families or investors. Both homes have been fully remodeled with fresh paint, new flooring, and updated kitchens with modern countertops and cabinets.
The first unit is 640 sq. ft., 2 bed/1 bath, currently rented at $1,200/month with a lease through 1/31/2025. The second unit is 744 sq. ft. and rented at $1,295/month.
Recent updates include tree pruning to meet insurance requirements, new weed control, and fresh bark in the front yard. Conveniently located near schools, transit, medical care, and shopping, this property offers flexibility and income potential. A fantastic opportunity for a homeowner seeking rental income or an investor looking for steady returns!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,960
Year Built
- Built in 1946
Lot Details
- 5,663 Sq Ft Lot
- No Common Walls
- Fenced
Parking
- Detached Garage
Home Design
- Duplex
- Cottage
- Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1-Story Property
- Laminate Flooring
- Neighborhood Views
Home Security
- Surveillance System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Schools
- Washington Elementary School
- Mcloughlin Middle School
- South Medford High School
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- 2 Units
- Oakgrove Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 10407508
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,960 | $131,240 | $42,520 | $88,720 |
| 2023 | $1,900 | $127,420 | $41,280 | $86,140 |
| 2022 | $1,854 | $127,420 | $41,280 | $86,140 |
| 2021 | $1,806 | $123,710 | $40,080 | $83,630 |
| 2020 | $1,768 | $120,110 | $38,910 | $81,200 |
| 2019 | $1,726 | $113,230 | $36,700 | $76,530 |
| 2018 | $1,682 | $109,940 | $35,640 | $74,300 |
| 2017 | $1,652 | $109,940 | $35,640 | $74,300 |
| 2016 | $1,663 | $103,640 | $33,600 | $70,040 |
| 2015 | $1,598 | $103,640 | $33,600 | $70,040 |
| 2014 | $1,570 | $97,700 | $31,670 | $66,030 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2025 03/10/25 | Price Changed | $419,900 | -2.3% | $303 / Sq Ft |
| 02/12/2025 02/12/25 | For Sale | $429,900 | 0.0% | $311 / Sq Ft |
| 02/12/2025 02/12/25 | Off Market | $429,900 | -- | -- |
| 02/11/2025 02/11/25 | For Sale | $429,900 | +75.5% | $311 / Sq Ft |
| 03/10/2021 03/10/21 | Sold | $245,000 | -2.0% | $177 / Sq Ft |
| 02/02/2021 02/02/21 | Pending | -- | -- | -- |
| 12/04/2020 12/04/20 | For Sale | $250,000 | -- | $181 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $245,000 | Ticor Title Company Of Or | |
| Warranty Deed | $81,000 | Jackson County Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $182,500 | New Conventional | |
| Previous Owner | $79,600 | New Conventional | |
| Previous Owner | $99,400 | New Conventional | |
| Previous Owner | $94,000 | Unknown |
Source: Southern Oregon MLS
MLS Number: 220195703
APN: 10407508
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