Updated Triplex with Detached
108 N Columbus Avenue, Medford, OR 97501
For Sale
$357,000
Residential Income, Medford, OR
Property Size1,712 SF
Lot Size0.11 Acres
Price / SF$208.53
Days on Market148
Property Features for 108 N Columbus Avenue
General Information
Property type
Property subtype
Zoning description
Parking features
Window features
Patio and Porch features
Interior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
John L Scott Real Estate Grants Pass · John L. Scott
(541) 476-1299
Listed By:
Joshua M Emptage · License OR #201237219
(541) 761-6295
Added: Jun 18
Changed: Oct 31
Last Checked: Nov 12 at 7:06AM
MLS# 220223684
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.
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Investment Insights
Based on property information with market context.
This 1,712-square-foot triplex on a 0.11-acre parcel includes two attached one-bedroom, one-bath units and a detached two-bedroom, one-bath unit. Units 1 and 2 feature updated kitchen cabinetry, countertops, sinks, lighting, flooring, carpet, interior paint, bathroom plumbing, and mini-split systems. The property was built in 1906 with bungalow styling, frame construction, composition roofing, and a porch.
A new roof was installed on all three units in 2023. Separate gas and electric meters support individual utility billing, while public water and public sewer serve the property. Heating and cooling include zoned ductless systems, wall furnaces, baseboard heat, and natural gas service. The property is located at 108 N Columbus Avenue in Medford, Oregon, and includes on-street and alley parking. Current operating performance reflects a projected stabilized CAP Rate just under 8.86%.
A new roof was installed on all three units in 2023. Separate gas and electric meters support individual utility billing, while public water and public sewer serve the property. Heating and cooling include zoned ductless systems, wall furnaces, baseboard heat, and natural gas service. The property is located at 108 N Columbus Avenue in Medford, Oregon, and includes on-street and alley parking. Current operating performance reflects a projected stabilized CAP Rate just under 8.86%.
Key Highlights
- Three units: two attached 1 bed/1 bath units and one detached 2 bed/1 bath unit
- 1,712 square feet on a 0.11‑acre parcel
- New roof installed on all three units in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,346
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,920
$366.9K
Cap Rate 7%
$262,086
$262.1K
Cap Rate 9%
$203,844
$203.8K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$27.7K $16.20/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$26.2K $15.31/SF
− OpEx
−$7.9K −$4.59/SF
NOI
$18.3K $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%
$366,920
Cap Rate 7%
$262,086
Cap Rate 9%
$203,844
Alternative Uses
Best Use
Multifamily LT 5
$262.1K
$229.3K – $305.8K
NOI $18,346 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$230.0K
$201.3K – $268.4K
NOI $16,101 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$413.2K
$361.6K – $482.1K
NOI $28,926 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
587
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?
Triplex - Three-unit residential property with refreshed interiors, separate utility meters, and a detached two-bedroom residence.
Where is this triplex located?
The property is located at 108 N Columbus Avenue Medford, OR.
What is the asking price?
The asking price for this property is $357,000.
What are key features of this property?
This property features: Three units: two attached 1 bed/1 bath units and one detached 2 bed/1 bath unit; 1,712 square feet on a 0.11‑acre parcel; New roof installed on all three units in 2023
