$450,000
PENDING $150K PRICE DROP

Estimated payment $2,834/month

Total Views 11,881
-- Bed
-- Bath
3,448 Sq Ft
$131 Price per Sq Ft

Highlights

  • Craftsman Architecture
  • Neighborhood Views
  • Heating Available
  • No HOA
  • Tile Flooring

About This Home

Total of 8 bedrooms / 7 bathrooms in this 7-unit craftsman style property. An incredible Investment Opportunity in west Medford! Located just blocks from downtown, close to local businesses and municipal buildings. New roof, paint and gutters done in 2022. Long-term tenants and all wish to stay. Sold as-is. This property can be purchased with adjacent property currently for sale at 728 W. 11th Street (3 units)

Listing Agent

Diane Major

Oregon Opportunities Real Estate Brokerage Email: info@OROP.COM License #200603239

Co-Listing Agent

Jerry Scheffler

Oregon Opportunities Real Estate Brokerage Email: info@OROP.COM License #920600195

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,868

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Two or More Common Walls

Parking

  • No Garage

Home Design

  • Craftsman Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Neighborhood Views
  • Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • Washington Elementary School
  • Mcloughlin Middle School

Utilities

  • No Cooling
  • Heating Available

Listing and Financial Details

  • Property held in a trust
  • Tax Lot 12400
  • Assessor Parcel Number 10410886

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Professional Management Expense $3,625
  • Gross Income $45,319
  • Net Operating Income $32,682

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,868

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Architectural Style: Craftsman
  • Directions: Take West Main, turn left on Hamilton Street, then left on W. 11th St, property will be on the left after Newtown Street.
  • Unit Levels: Two
  • Lot Size Acres: 0.22
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Year Built: 1900
  • Attribution Contact: info@OROP.COM
  • Total Gross Income: 45319.0
  • Professional Management Expense: 3625.0
  • Co List Office Mls Id: orOROP
  • Co List Office Phone: 541-772-0000
  • Co List Office Phone: 541-772-0000
  • MLS Status: Pending
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: C-S/P
  • Road Surface Type:Paved: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 12400
  • Flooring:Tile: Yes
  • Foundation Details PillarPostPier: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Architectural Style Craftsman: Yes
  • Special Listing Conditions Trust: Yes
  • Special Features: None

Interior Features

  • Appliances: Range
  • Flooring: Carpet, Tile, Vinyl
  • Appliances Range: Yes

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter, Pillar/Post/Pier
  • Roof: Composition
  • View: Neighborhood
  • Construction Materials:Frame: Yes

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes

Utilities

  • Cooling: None
  • Heating: Electric
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Washington Elem
  • High School: Check with District
  • Middle Or Junior School: McLoughlin Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 9583.2
  • Parcel #: 10410886
  • ResoLotSizeUnits: Acres
  • Zoning Description: C-S/P
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 7
  • Net Operating Income: 32681.93
  • Annual Operating Expense: 9012.07

Tax Info

  • Tax Annual Amount: 3868.35
  • Tax Lot: 12400
  • Tax Map Number: 37 2W 25 DA
  • Tax Year: 2024

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
12/06/2024 12/06/24 Pending -- -- --
12/03/2024 12/03/24 Price Changed $450,000 -3.2% $131 / Sq Ft
09/11/2024 09/11/24 Price Changed $465,000 -4.1% $135 / Sq Ft
06/12/2024 06/12/24 Price Changed $485,000 -10.2% $141 / Sq Ft
04/12/2024 04/12/24 Price Changed $540,000 -10.0% $157 / Sq Ft
10/05/2023 10/05/23 For Sale $600,000 -- $174 / Sq Ft
Source: Southern Oregon MLS

Source: Southern Oregon MLS

MLS Number: 220172216

Southern Oregon MLS