8-Unit Courtyard Apartment
New
For Sale
$1,250,000
123 Maple Street, Central Point, OR 97502
Residential Income, Central Point, OR
Property Size6,656 SF
Lot Size0.27 Acres
Price / SF$187.80
Days on Market4
Property Features for 123 Maple Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
CP-MMR
Parking features
Carport, Driveway, Alley
Window features
Vinyl Frames, Double Pane Windows
Interior features
Ceiling Fan(s), Laminate Counters, Open Floorplan, Shower/Tub Combo, Walk-In Closet(s)
Exterior features
Courtyard
Appliances
Dishwasher, Disposal, Microwave, Range, Range Hood, Refrigerator, Water Heater
Lot features
Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
View
Territorial
Elementary school
Central Point Elem
Middle school
Scenic Middle
High school
Crater High
Standard status
Active
APN
10140254
Size
6,656 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13276
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Amenities
courtyard
landscaping
common areas
in-unit laundry
covered parking
storage unit
Building Details
Year built
2004
Floors in Building
2
Number of units
8
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Martin Outdoor Property Group · License #200706071
(541) 660-5111
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 14 at 5:06AM
MLS# 220228537
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.
Investment Insights
Based on property information with market context.
Built in 2004, this 8-unit apartment property comprises two 4-plex buildings with approximately 6,656 square feet of residential space. The eight residences each offer two bedrooms, two bathrooms, a primary suite, walk-in closet, in-unit laundry, and a covered carport space. Each unit also has a dedicated locked storage unit.
The buildings are arranged around a central courtyard with mature trees, established landscaping, and maintained common areas. A composition roof was installed in 2026. Interior features include open floor plans, laminate counters, carpet and vinyl flooring, and shower/tub combinations. Heating and cooling are provided by ductless systems, while power is individually metered.
The property sits near downtown Central Point with access to shopping, schools, dining, services, Highway 99, I-5, Medford, and Rogue Valley International-Medford Airport. Public water and public sewer serve the property.
The buildings are arranged around a central courtyard with mature trees, established landscaping, and maintained common areas. A composition roof was installed in 2026. Interior features include open floor plans, laminate counters, carpet and vinyl flooring, and shower/tub combinations. Heating and cooling are provided by ductless systems, while power is individually metered.
The property sits near downtown Central Point with access to shopping, schools, dining, services, Highway 99, I-5, Medford, and Rogue Valley International-Medford Airport. Public water and public sewer serve the property.
Key Highlights
- 8‑unit property totaling approximately 6,656 square feet
- Two 4‑plex buildings constructed in 2004
- Eight 2‑bedroom, 2‑bath residences with in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two fourplex buildings surround a landscaped courtyard and provide in-unit laundry, covered parking, and locked storage.
Where is this apartment building located?
The property is located at 123 Maple Street 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: 8‑unit property totaling approximately 6,656 square feet; Two 4‑plex buildings constructed in 2004; Eight 2‑bedroom, 2‑bath residences with in‑unit laundry
