$425,000
SOLD DEC 3, 2024

840 Olympic Ave Medford, OR 97504

-- Bed
-- Bath
2,100 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$202 Per Sq Ft

6% Below List Price

8 Days on Market

Highlights

  • Contemporary Architecture
  • Neighborhood Views
  • 1-Story Property
  • No HOA
  • Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of December 2024

Location, location, location! Looking for a turn-key duplex close to the hospitals? If so, this is the one for you! Both units are occupied and rented at $1,400 & $1,550 per month! Each unit features 2 bedrooms, 1 bathroom, 1050 sq ft, wood-burning fireplace, detached garage, individual yards, individual power meter, heating & cooling units, metal roofing, and much more! Various updates have been done throughout the years such as newer interior/exterior paint, newer laminate flooring, new vanities, newer trim, newer lighting, and newer hot water heaters. Owner pays for sewer, water, and trash. Appt only and please don't disturb the tenants. One of the sellers is a licensed agent in the state of Oregon. Contact your agent today for a personal tour, before it's too late!

Last Agent to Sell the Property

Alex Aaronson

John L. Scott Medford License #201209927

John L. Scott Medford

Last Buyer's Agent

Sharon Schmelzer

eXp Realty, LLC License #201231267

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,716

Year Built

  • Built in 1966

Lot Details

  • 9,583 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Level Lot

Home Design

  • Duplex
  • Contemporary Architecture
  • Frame Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Aluminum Window Frames
  • Living Room with Fireplace
  • Laminate Flooring
  • Neighborhood Views

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Detached Garage
  • Driveway

Schools

  • Orchard Hill Elementary School
  • Talent Middle School
  • Phoenix High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Exclusions: Tenant Personal Property
  • Assessor Parcel Number 10022123

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $35,400
  • Net Operating Income $29,076

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,716

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Architectural Style: Contemporary
  • Unit Levels: One
  • Lot Size Acres: 0.22
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Year Built: 1966
  • Total Gross Income: 35400.0
  • Co List Office Phone: 541-779-3611
  • Outside Inclusions: 2 fridges, stoves, dishwashers
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: SFR-10
  • Road Surface Type:Paved: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Appliances Refrigerators: Yes
  • Common Walls:No Common Walls: Yes
  • Flooring Laminate: Yes
  • Levels:One: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Utilities:Electricity Connected: Yes
  • Cooling:Central Air: Yes
  • Architectural Style:Contemporary: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven, Range, Range Hood, Refrigerator, Water Heater
  • Has Basement: None
  • Fireplace Features: Living Room
  • Flooring: Laminate
  • Window Features: Aluminum Frames
  • Fireplace: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Range Hood: Yes
  • Fireplace Features:Living Room: Yes

Exterior Features

  • Common Walls: No Common Walls
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced, Level
  • Roof: Metal
  • View: Neighborhood
  • Exclusions: Tenant Personal Property
  • Lot Features:Level: Yes
  • Lot Features:Fenced: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Construction Materials:Frame: Yes
  • Window Features:Aluminum Frames: Yes

Garage/Parking

  • Parking Features: Detached, Driveway
  • Attached Garage: No
  • Parking Features:Detached: Yes
  • Parking Features:Driveway: Yes

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Orchard Hill Elem
  • High School: Phoenix High
  • Middle Or Junior School: Talent Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 9583.2
  • Parcel #: 10022123
  • ResoLotSizeUnits: Acres
  • Zoning Description: SFR-10
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 29076.15
  • Annual Operating Expense: 6323.35

Tax Info

  • Tax Annual Amount: 2716.48
  • 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
12/03/2024 12/03/24 Sold $425,000 -5.6% $202 / Sq Ft
11/08/2024 11/08/24 Pending -- -- --
10/31/2024 10/31/24 For Sale $450,000 -- $214 / Sq Ft
Source: Southern Oregon MLS

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 $2,716 $181,490 $69,810 $111,680
2023 $2,631 $176,210 $67,770 $108,440
2022 $2,562 $176,210 $67,770 $108,440
2021 $2,502 $171,080 $65,790 $105,290
2020 $2,431 $166,100 $63,870 $102,230
2019 $2,367 $156,580 $60,190 $96,390
2018 $2,298 $152,020 $58,430 $93,590
2017 $2,166 $152,020 $58,430 $93,590
2016 $2,170 $143,310 $55,070 $88,240
2015 $2,086 $143,310 $37,190 $106,120
2014 $2,005 $135,090 $35,060 $100,030
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $193,000 New Conventional
Previous Owner $38,200 Credit Line Revolving
Previous Owner $191,250 New Conventional
Previous Owner $100,000 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $425,000 First American Title
Bargain Sale Deed -- First American
Bargain Sale Deed -- --
Warranty Deed $125,000 Jackson County Title
Source: Public Records

Source: Southern Oregon MLS

MLS Number: 220192146

Southern Oregon MLS

APN: 10022123