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329 S Grape Street, Medford, OR 97501

$895,000
  • 329 S Grape Street, Medford, OR 97501 Main Photo

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New to the Market Active
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.

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.fnrhomes.com today.

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: Fisher-Nicholson Realty LLC
Agency Phone: 800-460-8124

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Estimated Payment

$ 5,502.53 per month $4,823.82 Principal & Interest $417.67 Property Tax $261.04 Homeowner's Insurance

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