Corner Lot Triplex with
415 Summit Avenue Medford, OR 97501
MULTI_FAMILY - Craftsman - Medford, OR
Property size:
1,804 SFLot size:
0.11 AcresPrice / SF:
$213/SF- Added:
- Mar 20, 2026
- Days on Market:
- 113
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 415 Summit Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Driveway, Carport
- Window features
- Vinyl Frames
- Patio and Porch features
- Deck, Patio
- Interior features
- Laminate Counters, Shower/Tub Combo, Tile Shower
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Disposal, Oven, Range, Range Hood, Refrigerator, Water Heater
- Standard status
- Active
- APN
- 10399168
- Size
- 1,804 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2299
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1943
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Craftsman
- Additional Structures
- Storage
Listing agent Rutledge Property Group License #201007081 (541) 778-9677
Listing office eXp Realty, LLC 710 Cardley Ave, Salem, OR (888) 814-9613
Listing date Mar 20, 2026
MLS# 220217596
Listing URL
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 for-sale triplex sits on a corner lot and includes three rental units in a craftsman-style configuration. The main house offers 4 bedrooms and 1 bathroom, with 1,384 square feet and updates noted as newer laminate flooring and new exterior paint. The property also includes a nice front porch and a front yard.
Each of the two studio units includes newer flooring, a kitchenette, and a private bathroom. The studios share common amenities described as a carport, a covered patio, and yard space.
For buyers or investors looking for a small residential income property, the unit mix provides a straightforward layout with one larger family-style home alongside two studio units. Shared covered outdoor space and a shared carport can support practical day-to-day use, while the private bathrooms in the studios help maintain independent functionality within the overall triplex setup.
Each of the two studio units includes newer flooring, a kitchenette, and a private bathroom. The studios share common amenities described as a carport, a covered patio, and yard space.
For buyers or investors looking for a small residential income property, the unit mix provides a straightforward layout with one larger family-style home alongside two studio units. Shared covered outdoor space and a shared carport can support practical day-to-day use, while the private bathrooms in the studios help maintain independent functionality within the overall triplex setup.
Key Highlights
- 3‑unit property on a corner lot in a quiet neighborhood
- Main house: 4 bedrooms, 1 bathroom, 1,384 sq ft; newer laminate flooring and new exterior paint
- Two studio units with newer flooring, kitchenettes, and private bathrooms; shared carport plus covered patio and yard
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $16.20 |
| − Vacancy | −$1.6k | −$0.89 |
| EGI | $27.6k | $15.31 |
| − OpEx | −$8.3k | −$4.59 |
| NOI | $19.3k | $10.72 |
1,804 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.2K
NOI $19,332 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$242.4K
$212.1K – $282.8K
NOI $16,967 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$435.4K
$381.0K – $508.0K
NOI $30,480 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit triplex features a 4-bedroom main house and two studios with private bathrooms.
Where is this triplex located?
The property is located at 415 Summit Avenue Medford, OR.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 3‑unit property on a corner lot in a quiet neighborhood; Main house: 4 bedrooms, 1 bathroom, 1,384 sq ft; newer laminate flooring and new exterior paint; Two studio units with newer flooring, kitchenettes, and private bathrooms; shared carport plus covered patio and yard
