Duplex with Covered
For Sale
$255,000
1048 W 13th Street, Medford, OR 97501
Each residence has a full kitchen and in-unit laundry, with a fenced yard shared by the property.
Property Size976 SF
Price / SF$261.27
Days on Market354
Property Features for 1048 W 13th Street
General Information
Standard status
Active
Size
976 SF
Property subtype
Residential Income
Zoning
SFR-10
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,859
Amenities
in-unit laundry
covered front porches
fenced backyard
Built-in Features
Laminate Counters
Building Details
Building Size
976 SF
Year Built
1950
Stories
1
Units
2
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
The Rasmussen Group · License #890200083
(541) 414-4430
Source:
Desertskyrealestate
Added: Nov 10, 2025
Changed: Oct 25
Last Checked: Oct 29 at 7:19PM
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 John L. Scott Medford
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Investment Insights
Based on property information with market context.
Built in 1950, this 976-square-foot duplex contains two one-bedroom, one-bathroom residences. Each unit has a full kitchen and in-unit laundry. Interior finishes include laminate flooring and countertops, along with tile in the bathrooms. Covered front porches serve both units, and the property also has a fenced backyard.
Carports with additional storage are reached from the alley. The property is zoned SFR-10, and current tenants have expressed a desire to remain.
Carports with additional storage are reached from the alley. The property is zoned SFR-10, and current tenants have expressed a desire to remain.
Key Highlights
- Two‑unit duplex with 1 bedroom and 1 bathroom in each residence
- 976 square feet; built in 1950
- Full kitchen and in‑unit laundry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,459
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,180
$209.2K
Cap Rate 7%
$149,414
$149.4K
Cap Rate 9%
$116,211
$116.2K
Market Conditions
NOI Build-Up for 976 SF
Gross rent
$15.8K $16.20/SF
− Vacancy
−$870 −$0.89/SF
EGI
$14.9K $15.31/SF
− OpEx
−$4.5K −$4.59/SF
NOI
$10.5K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,180
Cap Rate 7%
$149,414
Cap Rate 9%
$116,211
Alternative Uses
Best Use
Multifamily LT 5
$149.4K
$130.7K – $174.3K
NOI $10,459 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$131.1K
$114.7K – $153.0K
NOI $9,179 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$235.6K
$206.1K – $274.8K
NOI $16,490 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,070
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a full kitchen and in-unit laundry, with a fenced yard shared by the property.
Where is this duplex located?
The property is located at 1048 W 13th Street Medford, OR.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two‑unit duplex with 1 bedroom and 1 bathroom in each residence; 976 square feet; built in 1950; Full kitchen and in‑unit laundry in each unit
