Multifamily Building With Five
429 N Holly Street Medford, OR 97501
429 N Holly Street, Medford, OR, 97501
$405,000
For Sale
$405,000
MULTI_FAMILY - Craftsman - Medford, OR
Property Size2,432 SF
Lot Size0.11 Acres
Price / SF$166.53
Days on Market109
Property Features for 429 N Holly Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Alley, On Street
- Standard status
- Active
- APN
- 10393668
- Size
- 2,432 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2499
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Number of units
- 5
- Flooring type
- Carpet, Hardwood
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Craftsman
Listing agency
Millen Property Group
(541) 301-3435
Listed by
Kenny Taylor · License #201214945
(541) 606-8616
Added: Apr 6 Updated: Jun 26 at 12:30PM Checked: Jul 23 at 3:06AM
MLS# 220218682
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 multifamily, craftsman-style property contains five rental units in a single structure, featuring a spacious two-bedroom ground-floor unit and four separate studios on the second floor. A large garage is included with the building. The property requires some renovations and is offered as-is.
Located at 429 N Holly Street in Medford, Oregon (Jackson County), the building sits on approximately 0.11 acres and totals about 2,432 square feet. The listing notes current 100% occupancy and low turnover rates.
From an operational standpoint, this is positioned as an investor opportunity with existing rents listed at $1,470, $675, $660, $650, and $620. Based on existing rents and the current condition, the remarks state an estimated annual income of $48,900 and a net profit over $38,000 annually. Buyers should also note the property is described as non-conforming and is expected to likely not qualify for financing, with cash buyers only per the listing. As provided, the sale is subject to the property being sold in its current, as-is condition.
Located at 429 N Holly Street in Medford, Oregon (Jackson County), the building sits on approximately 0.11 acres and totals about 2,432 square feet. The listing notes current 100% occupancy and low turnover rates.
From an operational standpoint, this is positioned as an investor opportunity with existing rents listed at $1,470, $675, $660, $650, and $620. Based on existing rents and the current condition, the remarks state an estimated annual income of $48,900 and a net profit over $38,000 annually. Buyers should also note the property is described as non-conforming and is expected to likely not qualify for financing, with cash buyers only per the listing. As provided, the sale is subject to the property being sold in its current, as-is condition.
Key Highlights
- Five rental units in one property: 2‑bedroom ground‑floor unit plus four separate studios on the second floor
- Currently 100% occupancy with low turnover rates; sold as‑is and requires some renovations
- Annual income and net profit listed at $48,900 and over $38,000, based on existing rents and condition
Local Financial Insights For Apartment 5plus
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 | $43.8k | $18.00 |
| − Vacancy | −$2.2k | −$0.90 |
| EGI | $41.6k | $17.10 |
| − OpEx | −$18.7k | −$7.69 |
| NOI | $22.9k | $9.41 |
2,432 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$326.8K
$285.9K – $381.2K
NOI $22,873 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.0K
$513.6K – $684.9K
NOI $41,091 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit craftsman-style property generating current income, with a two-bedroom unit plus four studios and a large garage.
Where is this apartment building located?
The property is located at 429 N Holly Street Medford, OR.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Five rental units in one property: 2‑bedroom ground‑floor unit plus four separate studios on the second floor; Currently 100% occupancy with low turnover rates; sold as‑is and requires some renovations; Annual income and net profit listed at $48,900 and over $38,000, based on existing rents and condition
