329 Grape ST, Medford, OR 97501
329 Grape ST, Medford, OR 97501
329 Grape ST, Medford, OR 97501
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$799,000
Est. payment /mo
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3,010 SqFt
Price Dropped by $50K

329 Grape ST Medford, OR 97501

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Arron Waldron

Arron Waldron

+1(541) 951-5081

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,010 sqft

Price per Sqft $265

MLS Listing ID 220219748

Style Other

Annual Tax Amount $5,012

Lot Size 9,583 Sqft

Acres 0.22

Lot Dimensions 0.22

Property Sub-Type Multi Family

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.

Location

State OR

County Jackson

Direction From S Oakdale head East onto 10th St. Turn Right onto S Grape St. The properties will be on your left. There is also alley access.

Rooms

Basement None

Interior

Heating Heat Pump

Cooling Ductless, Heat Pump

Exterior

Exterior Feature Courtyard

Parking Features Alley Access, Asphalt

Community Features Short Term Rentals Allowed

Roof Type Composition

Building

Lot Description Level

Foundation Concrete Perimeter, Slab

Water Public

Architectural Style Other

Level or Stories One, Two

Structure Type Frame

New Construction No

Schools

High Schools South Medford High

Others

Senior Community No

Tax ID 10372178

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Landline Real Estate

Nearby Locations

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329 Grape ST