Four-Unit Apartment
For Sale
Contact for pricing
139 Almond St, Medford, OR 97504
Two-story multifamily property with attached garages, private patios, and a balanced mix of one- and two-bedroom units.
Property Size3,112 SF
Lot Size0.40 Acres
Price / SF$200.84
Days on Market137
Property Features for 139 Almond St
General Information
Standard status
Active
Size
3,112 SF
Lot size
0.40 Acres
Property subtype
Multifamily
Zoning
MFR-20
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA, 2 x 2BR/1.5BA
Multifamily Units
4
Amenities
private patios
Building Details
Year Built
2003
Buildings
1
Stories
2
Units
4
Listing Agency:
Merit Commercial Real Estate
(541) 608-6704
Listed By:
Scott King · License #Oregon 200602153
Source:
Crexi
Added: Apr 18
Changed: Aug 31
Last Checked: Sep 1 at 12:47AM
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 Merit Commercial Real Estate
Investment Insights
Based on property information with market context.
This 2003-built quadplex contains approximately 3,112 SF within a two-story apartment building on a 0.40-acre corner parcel. The unit mix includes two one-bedroom, one-bath residences and two two-bedroom, one-and-a-half-bath residences. Units are described as being in above-average condition, cleanliness, and maintenance. Three attached garages serve units A through C, while tuck-under parking on the east side is designated for unit D. Units B and C feature oversized, privately fenced rear patios with mature tree and foliage coverage.
All four residences are leased month-to-month. The landlord provides water, sewer, and garbage, while residents handle unit power and internet. The property is zoned MFR-20 and includes substantial mature landscaping and greenery throughout the site.
All four residences are leased month-to-month. The landlord provides water, sewer, and garbage, while residents handle unit power and internet. The property is zoned MFR-20 and includes substantial mature landscaping and greenery throughout the site.
Key Highlights
- Four‑unit apartment property with 3,112 SF of building area on 0.40 acres
- 2003 construction with a two‑story layout and MFR‑20 zoning
- Unit mix includes (2) 1‑bed / 1‑bath and (2) 2‑bed / 1.5‑bath residences
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
$33,349
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
5.34%
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%
$666,980
$667.0K
Cap Rate 7%
$476,414
$476.4K
Cap Rate 9%
$370,544
$370.5K
Market Conditions
NOI Build-Up for 3,112 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
$50.4K $16.20/SF
− Vacancy
−$2.8K −$0.89/SF
EGI
$47.6K $15.31/SF
− OpEx
−$14.3K −$4.59/SF
NOI
$33.3K $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 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%
$666,980
Cap Rate 7%
$476,414
Cap Rate 9%
$370,544
Alternative Uses
Best Use
Multifamily LT 5
$476.4K
$416.9K – $555.8K
NOI $33,349 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$418.1K
$365.9K – $487.8K
NOI $29,268 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$751.1K
$657.3K – $876.3K
NOI $52,580 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 97504, OR
49,942
Population
21,290
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
93%
High-School Grad
43.3 sq mi
ZIP Area
1,153
Density / Sq Mi
$81,233
Median Household Income
$43,744
Median Earnings
$1,387
Median Rent
$447,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story multifamily property with attached garages, private patios, and a balanced mix of one- and two-bedroom units.
Where is this quadplex located?
The property is located at 139 Almond St Medford, OR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four‑unit apartment property with 3,112 SF of building area on 0.40 acres; 2003 construction with a two‑story layout and MFR‑20 zoning; Unit mix includes (2) 1‑bed / 1‑bath and (2) 2‑bed / 1.5‑bath residences
