329 S Grape Street, Medford, OR 97501
- $799,000
Listing courtesy of Landline Real Estate.
- List Price
- $799,000
- Price Change
- ▼ $50,000 1782244780
- Status
- ACTIVE
- MLS#
- 220219748
- Acres
- 0.22
- Lot Size
- 9,583
- subdivision
- 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.
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Additional Information
- Style
- Other
- Stories
- One, Two
- Foundation
- Concrete Perimeter, Slab
- Roof
- Composition
- Flooring
- Vinyl
- Appliances
- Dryer, Oven, Range, Refrigerator, Washer, Water Heater
- Exterior Features
- Courtyard
- View
- Territorial
- Cooling
- Heat Pump, Ductless
- Heating
- Heat Pump
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Jefferson Elem
- Middle School
- Oakdale Middle
- High School
- South Medford High
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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Listing content is copyright © 2018 SOMLS, Medford, Oregon. Last updated: