8-Unit Courtyard Apartment
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 Market50
Property Features for 123 Maple Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
CP-MMR
Parking features
Carport, Alley, Driveway
Window features
Double Pane Windows, Vinyl Frames
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
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13662
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Amenities
central courtyard
mature trees
established landscaping
common areas
in-unit laundry
dedicated locked 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
Buildings
2
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Martin Outdoor Property Group · License #200706071
(541) 660-5111
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 30 at 1:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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
