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    38 Lewis Ave Medford, OR 97501

    For Sale
    $1,639,000

    Multi Family, Other - Medford, OR

    Type:Multi Family
    Lot size:
    0.05 Acres
    Days on Market:
    133
    Last Refresh:
    Dec 7 at 9:06 pm

    Property Features for 38 Lewis Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    Mfr-30
    APN
    10856631
    Parking features
    Parking Lot
    Appliances
    Garbage Disposer, Range, Refrigerator
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Carpet, Laminate
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    eXp Realty, LLC (541) 292-4444 [email protected]

    Listing agent Sydney N Shapiro (541) 292-4444 License #201230390

    Listing date Jul 28, 2025

    MLS# 220206677 Listing URL

    Copyright © 2025 Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medford Investment Opportunity: Two 4-Plexes

    This is an investment opportunity to own two well-maintained 4-plexes in Medford. The properties are conveniently located minutes from local parks, shopping, restaurants, and public transit. Each complex features 4 spacious units, all currently occupied by long-term tenants. The properties offer strong rental history and immediate cash flow. The lot size is 0.05 acres. The zoning is Mfr-30.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.894415
    Latitude
    42.32224

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    FAQs

    What type of property is this?
    Apartment building - Two fully rented Medford 4-plexes near parks, shopping, and transit.
    Where is this apartment building located?
    The property is located at 38 Lewis Ave Medford, OR.
    What is the asking price?
    The asking price for this property is $1,639,000.
    What are key features of this property?
    This property features: - Two fully rented 4-plexes offer immediate cash flow and strong rental history.; - All 8 units are currently occupied by long-term tenants, ensuring reliable income.; - Convenient Medford location near parks, shopping, restaurants, and public transit.
    (541) 292-4444
    Request Owner's contact information
    38 Lewis Ave Medford, OR 97501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 Lewis Ave Medford, OR 97501
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