Share this with your friends
+15309254439
West Coast Real Estate
329 S Grape Street, Medford, OR 97501
- $799,000
- List Price
- $799,000
- Status
- ACTIVE
- Days on Market
- 169
- Price Change
- ▼ $50,000 1782244780
- MLS#
- 220219748
- Subtype
- Residential Income
- Style
- Other
- Lot Size
- 9,583
- Acres
- 0.22
- Subdivision
- N/A
- Neighborhood
- N/A
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.
Additional Information
- Exterior Features
- Courtyard
- Taxes
- $5,012
- Property Description
- Other
- Zoning
- C-S/P
- Flooring
- Vinyl
- Appliances
- Dryer, Oven, Range, Refrigerator, Washer, Water Heater
- Heating
- Heat Pump
- Air Conditioning
- Heat Pump, Ductless
- Stories
- One, Two
- Levels
- One, Two
- Roof
- Composition
- Foundation
- Concrete Perimeter, Slab
- Parking Features
- Alley Access, Asphalt
- Elementary School
- Jefferson Elem
- Middle School
- Oakdale Middle
- High School
- South Medford High
- View
- Territorial
Mortgage Calculator
Listing courtesy of Landline Real Estate.
The content relating to real estate for sale on this website comes in part form the MLS of Central Oregon. Real Estate listings held by Brokerages other than West Coast Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO). This content was last updated on . Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit not redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).