1808 Spring ST, Medford, OR 97504
1808 Spring ST, Medford, OR 97504
1808 Spring ST, Medford, OR 97504
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Mike Marshall On Maui

Mike Marshall On Maui

+1(808) 495-8929
$1,699,000
Est. payment /mo
6,086 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,086 sqft

Price per Sqft $279

MLS Listing ID 220217466

Style Ranch

Year Built 1947

Annual Tax Amount $11,299

Lot Size 2.240 Acres

Acres 2.24

Lot Dimensions 2.24

Property Sub-Type Multi Family

Property Description

This fantastic investment opportunity features a total of 10 units--comprised of 8 stick-built homes plus a duplex--all situated on over 2 acres of commercially zoned land in East Medford. This unique property offers incredible potential for future development. Most units have been refreshed with modern updates, providing a sophisticated mix of stabilized income and untapped value-add upside. Each unit is individually metered for electricity, significantly enhancing management efficiency and tenant accountability. The property is perfectly located in a highly desirable area near parks, dining, and shopping, while still offering a sense of privacy with mature trees surrounding the grounds. With a 6.7% cap rate and long-term growth potential, this is an excellent opportunity for investors seeking a well-positioned, income-producing rental portfolio with scalability. The commercial zoning and large acreage make this a true standout for those looking to expand their real estate footprint.

Location

State OR

County Jackson

Rooms

Basement None

Interior

Heating Electric, Heat Pump

Cooling Central Air, Heat Pump, Wall/Window Unit(s)

Window Features Aluminum Frames,Vinyl Frames

Exterior

Parking Features Driveway

Roof Type Composition

Building

Foundation Block, Pillar/Post/Pier, Other

Water Public

Architectural Style Ranch

Level or Stories One

Structure Type Frame

New Construction No

Schools

High Schools South Medford High

Others

Senior Community No

Tax ID 10341736

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by eXp Realty, LLC
NEARBY SCHOOL & BUSINESS
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Mike Marshall On Maui

Mike Marshall On Maui

+1(808) 495-8929

Agent | License ID: 78986

Agent License ID: 78986

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