Courtyard Apartment
For Sale
$1,250,000
123 Maple St, Central Point, OR 97502
Two fourplex buildings offer well-kept residences with private suites, in-unit laundry, storage, and covered parking.
Property Size6,656 SF
Price / SF$187.80
Days on Market50
Property Features for 123 Maple St
General Information
Standard status
Active
Size
6,656 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 2BR/2BA
Multifamily Units
8
Parking per Unit
1
Amenities
central courtyard
established landscaping
common areas
in-unit laundry
dedicated locked storage
Building Details
Year Built
2004
Buildings
2
Listing Agency:
Sunriver Realty
(541) 480-8565
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 13
Changed: Oct 31
Last Checked: Nov 1 at 5:52AM
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.
Constructed in 2004, this apartment property comprises two fourplex buildings with eight residences totaling approximately 6,656 square feet. Each apartment includes two bedrooms, two bathrooms, a primary suite, private bathroom, walk-in closet, in-unit laundry, one covered carport space, and a dedicated locked storage unit. The buildings are arranged around a central courtyard with mature trees, established landscaping, and maintained common areas. A new composition roof was installed in 2026.
The property is served by public water and sewer, individually metered power, and PTAC heating and cooling. Its Central Point location provides access to downtown, shopping, schools, dining, services, Highway 99, I-5, Medford, and Rogue Valley International-Medford Airport.
The property is served by public water and sewer, individually metered power, and PTAC heating and cooling. Its Central Point location provides access to downtown, shopping, schools, dining, services, Highway 99, I-5, Medford, and Rogue Valley International-Medford Airport.
Key Highlights
- Eight 2‑bedroom, 2‑bath residences across two 4‑plex buildings
- Approximately 6,656 square feet built in 2004
- Each residence includes a primary suite, walk‑in closet, in‑unit laundry, covered carport space, and locked storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,600
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,000
$1.3M
Cap Rate 7%
$894,286
$894.3K
Cap Rate 9%
$695,556
$695.6K
Market Conditions
NOI Build-Up for 6,656 SF
Gross rent
$119.8K $18.00/SF
− Vacancy
−$6.0K −$0.90/SF
EGI
$113.8K $17.10/SF
− OpEx
−$51.2K −$7.69/SF
NOI
$62.6K $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%
$1,252,000
Cap Rate 7%
$894,286
Cap Rate 9%
$695,556
Alternative Uses
Best Use
Apartment 5plus
$894.3K
$782.5K – $1.04M
NOI $62,600 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,460 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
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 - Two fourplex buildings offer well-kept residences with private suites, in-unit laundry, storage, and covered parking.
Where is this apartment building located?
The property is located at 123 Maple St Central Point, OR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Eight 2‑bedroom, 2‑bath residences across two 4‑plex buildings; Approximately 6,656 square feet built in 2004; Each residence includes a primary suite, walk‑in closet, in‑unit laundry, covered carport space, and locked storage
