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Mixed-Use Property in Medford, Oregon

824 N Riverside Avenue Medford, OR 97501

824 N Riverside Avenue, Medford, OR, 97501

$1,100,000

For Sale

$1,100,000

MULTI_FAMILY - Bungalow - Medford, OR

Property Size3,464 SF

Lot Size2.90 Acres

Price / SF$317.55

AddedSep 9, 2025

Days on Market310

Last RefreshJul 15 at 4:06 am

Property Features for 824 N Riverside Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Driveway, Gated
Window features: Aluminum Frames, Garden Window(s), Vinyl Frames, Wood Frames
Interior features: Ceiling Fan(s), Laminate Counters, Shower/Tub Combo
Appliances: Range
Standard status: Active
APN: 10328614
Size: 3,464 SF
Lot size: 2.90 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 9606

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas, Electric (Heating), Hot Water(Heating), Baseboard
Cooling system: Central Air, Wall/Window Unit(s), Window Unit(s), Ductless
Water source: Public
Water front features: Creek
Water front: 1

Building Details

Year built: 1949
Floors in Building: 1
Number of units: 4
Flooring type: Vinyl, Carpet
Roof type: Composition
Architectural style: Bungalow
Additional Structures: Storage

Listing agent Cindy Williams License #201205344

Listing office John L. Scott Medford 871 Medford Center, Medford, OR

Listing date Sep 9, 2025

MLS# 220208953 Listing URL

Investment Insights

Based on property information with market context.

This 2.9-acre property in Medford, Oregon, zoned C-C (Community Commercial), allows for a wide range of permitted uses, including multi-family residential development (MFR-30). The site features a mixed-use facility with a 3,464 sq. ft. light industrial shop, three single-family residences, two single-car detached garages, one four-car detached garage, and one attached four-car tandem garage. Constructed between 1948 and 1998, the improvements are of wood-frame construction. Site enhancements include asphalt and concrete paving, perimeter fencing, and multiple storage sheds. The net developable area is 1.98 acres (86,314 sq. ft.). The property includes six tax lots: 10703644, 10328558, 10328614, 10328517, 10328541, and 10328566. Site addresses are 824-902 N Riverside Ave., Medford.

Key Highlights

2.90‑acre site across six tax lots (126,324 sq. ft.), with 1.98 acres net developable area (86,314 sq. ft.)
Zoned C‑C (Community Commercial) with permitted multi‑family residential development noted as MFR‑30
Mixed‑use improvements include a 3,464 sq. ft. light industrial shop plus 3 single‑family residences

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$62.4k	$18.00
− Vacancy	−$5.0k	−$1.44
EGI	$57.4k	$16.56
− OpEx	−$21.5k	−$6.21
NOI	$35.9k	$10.35

3,464 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$512.2K

$448.2K – $597.5K (±1% cap)

NOI $35,852 @ 7.0% cap · market cap 3.26%

Second Best

Industrial

$315.6K

$276.2K – $368.2K (±1% cap)

NOI $22,093 @ 7.0% cap · market cap 2.01%

Theoretical Best

Office A

$836.1K

$731.6K – $975.5K (±1% cap)

NOI $58,528 @ 7.0% cap · market cap 5.32%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

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For sale
Mixed-use properties
OR
Medford
97501
824 N Riverside Avenue

What type of property is this?

Mixed-use property - 2.9-acre mixed-use property with development potential in Medford.

Where is this mixed-use property located?

The property is located at 824 N Riverside Avenue Medford, OR.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 2.90‑acre site across six tax lots (126,324 sq. ft.), with 1.98 acres net developable area (86,314 sq. ft.); Zoned C‑C (Community Commercial) with permitted multi‑family residential development noted as MFR‑30; Mixed‑use improvements include a 3,464 sq. ft. light industrial shop plus 3 single‑family residences

824 N Riverside Avenue Medford, OR 97501

MULTI_FAMILY - Bungalow - Medford, OR

Property Features for 824 N Riverside Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Neighborhood Retail Center with 12 Tenants

Medford Automotive Investment Opportunity

Mixed-Use Industrial and Office Building

Divisible Two-Level Office Building

Office Building Converted to School

Two-Building Multifamily Property

Medford Mixed-Use Development Opportunity

Cannabis Facility with Attached Retail

Medford Multifamily Property with RV Parking

Office Building with Private Entrances

Flex Warehouse with Gated Parking

Industrial Warehouse Redevelopment Site

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