108 N Columbus Avenue, Medford, OR 97501
MULTI_FAMILY - Bungalow - Medford, OR
- Added:
- Jun 18, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 19 at 8:06 am
Property Features for 108 N Columbus Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Alley
- Window features
- Vinyl Frames, Aluminum Frames
- Patio and Porch features
- Porch
- Interior features
- Built-in Features, Ceiling Fan(s), Fiberglass Stall Shower, Laminate Counters, Shower/Tub Combo
- Appliances
- Dryer, Range, Refrigerator, Washer, Water Heater
- Standard status
- Active
- APN
- 10402583
- Size
- 1,712 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1886
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1906
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Bungalow
Listing agent Joshua M Emptage License #201237219 (541) 761-6295
Listing office John L Scott Real Estate Grants Pass 705 NE 7th St, Grants Pass, OR (541) 476-1299
Listing date Jun 18, 2026
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.
HighLights
- Well‑maintained triplex with two attached 1 bed/1 bath units plus one detached 2 bed/1 bath unit
- Units 1 and 2 updated with new paint, flooring/carpet, kitchen cabinet/countertop changes, lighting, and bathroom sink/plumbing improvements
- New roof completed in 2023 for all three units
- Separate gas and electric meters to help simplify tenant billing and property management
- Generates $35,820 in annual gross income; stabilized CAP rate projected just under 8% based on trailing expense run‑rate
Overview
The property is located at 108 N Columbus Avenue in Medford, Oregon (Jackson County). Separate gas and electric meters are in place, which can simplify property management and tenant billing.
For investors or operators looking for a turnkey residential income property, the combination of unit variety and recent capital improvements supports straightforward leasing. The property is currently generating $35,820 in annual gross income, and the existing updates reduce near-term maintenance needs associated with roof and interior refreshes.
Local 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 | $27.7k | $16.20 |
| − Vacancy | −$1.5k | −$0.89 |
| EGI | $26.2k | $15.31 |
| − OpEx | −$7.9k | −$4.59 |
| NOI | $18.3k | $10.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.889912
- Latitude
- 42.325047
