BEDS0
BATHS
SQUARE FEET3,010
MLS#220219748
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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 youre seeking a turnkey investment or exploring short-term rental potential, this property delivers exceptional versatility and value. Upgrade list attached.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ductless, Heat Pump
Heating: Heat Pump
Home Style: Other
Lot Size: 0.22 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $5,012
Feature Descriptions
Exterior: Frame
Sewer: Public Sewer
Special View Info: Territorial
Units: 5
Local Schools
High School: South Medford
Middle School: Oakdale
Elementary School: Jefferson
Listed By / Shown By
Listed By
Agency Name: Landline Real Estate
Shown By
Agency Title: CENTURY 21 North Homes Realty
Agency Phone: 541-815-0906
Estimate Your Payment
Estimated Payment
$ 2,670.59 per month $1,991.88 Principal & Interest $417.67 Property Tax $261.04 Homeowner's Insurance
329 S Grape Street | MLS# 220219748
This multi-family property located at 329 S Grape Street, Medford, OR 97501 is currently listed for sale with an asking price of $895,000. Search Medford real estate on www.isellsunriver.com today.