Triplex with Fenced
For Sale
$395,000
214 N Peach Street, Medford, OR 97501
MULTI_FAMILY - Other - Medford, OR
Property Size2,124 SF
Lot Size0.14 Acres
Price / SF$185.97
Days on Market362
Property Features for 214 N Peach Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
SFR-10
Parking features
On Street, Driveway
Subdivision
Olson Addition
Lot features
Fenced
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Standard status
Active
APN
10394842
Size
2,124 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2290
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
fenced backyard
off-street parking
Building Details
Year built
1910
Floors in Building
1
Number of units
3
Flooring type
Laminate, Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Steve Thomas Group · License #201221244
(541) 326-6596
Added: Aug 14, 2025
Changed: Aug 8
Last Checked: Aug 10 at 9:06PM
MLS# 220207679
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit residential income property contains 2,124 square feet of living space on a 0.14-acre lot. Built in 1910, the frame structure features laminate and carpet flooring, electric heating, and a composition roof. The units share a fenced backyard, with parking provided by a driveway and on-street spaces.
The property is connected to public water and public sewer and is located at 214 N Peach Street in Medford, Oregon. All three units are currently rented, supporting an established multifamily configuration for an owner seeking a small-scale residential rental asset.
The property is connected to public water and public sewer and is located at 214 N Peach Street in Medford, Oregon. All three units are currently rented, supporting an established multifamily configuration for an owner seeking a small-scale residential rental asset.
Key Highlights
- Three‑unit property with 2,124 square feet of total living space
- 0.14‑acre lot with a shared fenced backyard
- Built in 1910 with frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,761
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,220
$455.2K
Cap Rate 7%
$325,157
$325.2K
Cap Rate 9%
$252,900
$252.9K
Market Conditions
NOI Build-Up for 2,124 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.4K $16.20/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$32.5K $15.31/SF
− OpEx
−$9.8K −$4.59/SF
NOI
$22.8K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,220
Cap Rate 7%
$325,157
Cap Rate 9%
$252,900
Alternative Uses
Best Use
Multifamily LT 5
$325.2K
$284.5K – $379.4K
NOI $22,761 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$285.4K
$249.7K – $332.9K
NOI $19,976 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$512.7K
$448.6K – $598.1K
NOI $35,887 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,740
Businesses Nearby
Explore this area
Business Placement
Demographics for 97501, OR
47,519
Population
19,370
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
90%
High-School Grad
45.3 sq mi
ZIP Area
1,049
Density / Sq Mi
$61,971
Median Household Income
$36,471
Median Earnings
$1,238
Median Rent
$325,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit rental property with shared outdoor space, driveway parking, public utilities, and a frame construction profile.
Where is this triplex located?
The property is located at 214 N Peach Street Medford, OR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three‑unit property with 2,124 square feet of total living space; 0.14‑acre lot with a shared fenced backyard; Built in 1910 with frame construction
