Five-Unit Apartment
For Sale
$675,000
1007 W 9th St, Medford, OR 97501
Three-building residential asset with individual garages, in-unit laundry, appliances, and current occupancy across every apartment.
Property Size5,220 SF
Price / SF$129.31
Days on Market54
Property Features for 1007 W 9th St
General Information
Standard status
Active
Size
5,220 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Parking per Unit
1
Amenities
washer/dryer
appliances
central HVAC
workshop
landscaping
Building Details
Year Built
1968
Buildings
3
Tenancy
Multi
Listing Agency:
Sunriver Realty
(541) 480-8565
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 9
Changed: Oct 31
Last Checked: Nov 1 at 5:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sunriver Realty
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Investment Insights
Based on property information with market context.
This 5,220-square-foot apartment property was built in 1968 and comprises three buildings with five 2-bedroom, 1-bath units. Each apartment includes a private garage, washer and dryer, and appliances. Water, sewer, and garbage are included in the rent, and all five units are currently occupied. Tenants have expressed interest in remaining in place.
Recent property care includes four new windows along the street frontage, refreshed landscaping with bark and flowers, trimmed shrubs, and touch-up painting. Unit 1013 adds central HVAC and an attached workshop, while the other units use wall-mounted heating and air conditioning.
The property is located at 1007 W 9th St in Medford, near downtown, the freeway, and local golf courses.
Recent property care includes four new windows along the street frontage, refreshed landscaping with bark and flowers, trimmed shrubs, and touch-up painting. Unit 1013 adds central HVAC and an attached workshop, while the other units use wall-mounted heating and air conditioning.
The property is located at 1007 W 9th St in Medford, near downtown, the freeway, and local golf courses.
Key Highlights
- Five 2‑bedroom, 1‑bath units across three buildings
- 5,220 square feet on a property built in 1968
- All five units currently rented; tenants have expressed a desire to stay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,094
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,880
$981.9K
Cap Rate 7%
$701,343
$701.3K
Cap Rate 9%
$545,489
$545.5K
Market Conditions
NOI Build-Up for 5,220 SF
Gross rent
$94.0K $18.00/SF
− Vacancy
−$4.7K −$0.90/SF
EGI
$89.3K $17.10/SF
− OpEx
−$40.2K −$7.69/SF
NOI
$49.1K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,880
Cap Rate 7%
$701,343
Cap Rate 9%
$545,489
Alternative Uses
Best Use
Apartment 5plus
$701.3K
$613.7K – $818.2K
NOI $49,094 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,197 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,637
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-building residential asset with individual garages, in-unit laundry, appliances, and current occupancy across every apartment.
Where is this apartment building located?
The property is located at 1007 W 9th St Medford, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Five 2‑bedroom, 1‑bath units across three buildings; 5,220 square feet on a property built in 1968; All five units currently rented; tenants have expressed a desire to stay
