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541-326-4683
Henselman Realty & Managment
329 S Grape Street, Medford, OR 97501
- $799,000
- List Price
- $799,000
- Price Change
- ▼ $50,000 1782244780
- MLS#
- 220219748
- Status
- ACTIVE
- City
- Medford
- County
- Jackson
Property Description
Rare multi-unit property offering flexibility, strong income, and modern updates. Situated on two tax lots zoned Commercial Service Provider, this property features five renovated units-ideal for continued long-term rentals, short-term lodging, or mixed-use possibilities. The first lot includes a 1,200-sq-ft, 3-bedroom, 1-bath home, while the 2nd. lot hosts four additional units: three studio apartments and one 1-bedroom apartment. Each unit has been completely refreshed with new HVAC systems, flooring, paint, cabinets and more, ensuring comfort and efficiency for tenants or guests. A shared laundry facility, alley access, and ample on-street parking add convenience and appeal. Currently fully rented and professionally managed, the property generates $6,495 per month in gross income, with the seller reporting a 7.5% cap rate. If you're seeking a turnkey investment or exploring short-term rental potential, this property delivers exceptional versatility and value. Upgrade list attached.
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Additional Information
- Taxes
- $5,012
- Acres
- 0.22
- View
- Territorial
- Water
- Public
- Heating
- Heat Pump
- Foundation
- Concrete Perimeter, Slab
- Flooring
- Vinyl
- Elementary School
- Jefferson Elem
- Middle School
- Oakdale Middle
- High School
- South Medford High
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Listing courtesy of Landline Real Estate.
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