Turnkey 4-Plex Investment
For Sale
$550,000
Pending
515 Liberty Street, Medford, OR 97501
MULTI_FAMILY - Other - Medford, OR
Property Size2,699 SF
Lot Size0.14 Acres
Days on Market95
Property Features for 515 Liberty Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
SFR-10
Parking features
Driveway
Window features
Aluminum Frames, Vinyl Frames, Double Pane Windows
Appliances
Cooktop, Dishwasher, Dryer, Oven, Range, Washer
Subdivision
Kendall Addition
Lot features
Level
View
City
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Standard status
Pending
APN
10387633
Size
2,699 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2493
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
4
Flooring type
Laminate
Building materials
Frame
Roof type
Membrane, Composition
Architectural style
Other
Listing Agency:
John L. Scott Ashland
(541) 488-1311
Listed By:
Brian Druihet
(541) 779-3611
Added: Apr 27
Changed: Jul 25
Last Checked: Jul 30 at 1:06PM
MLS# 220220187
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 turnkey 4-plex includes four furnished rental units: three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom studio. The property is presented as move-in ready, and the improvements noted include a newer roof along with updated electrical and plumbing systems. The configuration is designed to support straightforward leasing across a mix of unit sizes, with furnishing already in place for each unit.
The property is located at 515 Liberty Street in Medford, Oregon, within close proximity to shopping, restaurants, schools, and hospitals. Off-street parking is provided for each unit, supporting convenient tenant access and day-to-day use.
For buyers seeking an operationally simple residential income asset, this offering combines updated major systems with a furnished unit mix that can help streamline move-in logistics. The property is sold as-is, and its current configuration provides multiple income streams within a single building, including both 2-bedroom units and a studio-style option. All stated unit details and updates are included as provided in the listing information.
The property is located at 515 Liberty Street in Medford, Oregon, within close proximity to shopping, restaurants, schools, and hospitals. Off-street parking is provided for each unit, supporting convenient tenant access and day-to-day use.
For buyers seeking an operationally simple residential income asset, this offering combines updated major systems with a furnished unit mix that can help streamline move-in logistics. The property is sold as-is, and its current configuration provides multiple income streams within a single building, including both 2-bedroom units and a studio-style option. All stated unit details and updates are included as provided in the listing information.
Key Highlights
- Turnkey 4‑plex built in 1925 with one studio unit plus three 2‑bedroom, 1‑bath units
- All units furnished and move‑in ready
- Rental history shows rents consistently between $1,600-$1,800+ per month
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 | $43.7k | $16.20 |
| − Vacancy | −$2.4k | −$0.89 |
| EGI | $41.3k | $15.31 |
| − OpEx | −$12.4k | −$4.59 |
| NOI | $28.9k | $10.72 |
2,699 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.2K
$361.5K – $482.1K
NOI $28,923 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$362.6K
$317.3K – $423.1K
NOI $25,384 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$651.5K
$570.0K – $760.0K
NOI $45,602 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,942
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully updated fourplex offers four furnished units and off-street parking for each, ready for immediate occupancy as-is.
Where is this quadplex located?
The property is located at 515 Liberty Street Medford, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Turnkey 4‑plex built in 1925 with one studio unit plus three 2‑bedroom, 1‑bath units; All units furnished and move‑in ready; Rental history shows rents consistently between $1,600-$1,800+ per month
