Triplex with Fenced
For Sale
$395,000
214 N Peach Street, Medford, OR 97501
Residential Income, Medford, OR
Property Size2,124 SF
Lot Size0.14 Acres
Price / SF$185.97
Days on Market408
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
shared fenced backyard
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: Sep 17
Last Checked: Sep 25 at 4:06AM
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 multifamily property provides 2,124 square feet of total living space on a 0.14-acre lot. All units are leased, with a mix of one-bedroom and two-bedroom layouts, each offering one bathroom. The property includes a shared fenced backyard and parking through the driveway and on-street spaces. Built in 1910, the frame structure features carpet and laminate flooring, electric heating, a composition roof, and public water and sewer service.
Located at 214 N Peach Street in Medford, the property is near shopping, dining, and everyday amenities. The combination of established occupancy, multiple residential units, and shared exterior space supports continued multifamily use.
Located at 214 N Peach Street in Medford, the property is near shopping, dining, and everyday amenities. The combination of established occupancy, multiple residential units, and shared exterior space supports continued multifamily use.
Key Highlights
- Fully leased triplex with 3 residential units
- 2,124 square feet of total living space on a 0.14‑acre lot
- Unit mix includes 1‑bedroom and 2‑bedroom apartments
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
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,795
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased multifamily property with three units, shared outdoor space, and convenient access to shopping, dining, and daily services.
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: Fully leased triplex with 3 residential units; 2,124 square feet of total living space on a 0.14‑acre lot; Unit mix includes 1‑bedroom and 2‑bedroom apartments
