Medford Multifamily Investment
144-166 Reager Street, Medford, OR 97501
MULTI_FAMILY - Ranch - Medford, OR
Type:Single Family Residence
Property size:
4,456 SFLot size:
1.06 AcresPrice / SF:
$280/SF- Added:
- Oct 11, 2024
- Days on Market:
- 588
- Last Refresh:
- May 21 at 1:06 pm
Property Features for 144-166 Reager Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Parking features
- Driveway
- Window features
- Double Pane Windows, Vinyl Frames
- Interior features
- Laminate Counters, Shower/Tub Combo, Walk-In Closet(s)
- Fireplace
- 1
- Appliances
- Range, Refrigerator, Water Heater
- Standard status
- Active
- APN
- 10430309
- Size
- 4,456 SF
- Lot size
- 1.06 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 5392
Utilities
- Sewer type
- Public Sewer
- Heating system
- Fireplace(s), Natural Gas, Electric (Heating), Wall Furnace
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1942
- Floors in Building
- 1
- Number of units
- 8
- Flooring type
- Hardwood, Vinyl, Laminate
- Building materials
- Frame
- Roof type
- Composition, Membrane
- Architectural style
- Ranch
Listing agent Patricia Millen License #940200113 (541) 301-3435
Listing office Millen Property Group 545 A Street, Ste 2, Ashland, OR (541) 301-3435
Listing date Oct 11, 2024
MLS# 220191285
Listing URL
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HighLights
- 1.06‑acre parcel with country rural feeling, right in the city.
- 8 single‑level units provide immediate rental income.
- 6.6% cap rate.
- End‑of‑the‑road location creates a private setting.
- No carpeting; all flooring is hardwood, laminate, or vinyl.
- Zoned SFR‑OO, check with city for additional development potential.
Overview
This Medford property presents an investor opportunity with an expansive 1.06-acre parcel offering a country rural feeling within the city. The property features eight single-level units, including one triplex, two duplexes, and a single wide manufactured home. The units are well-managed and have undergone numerous upgrades over the past 26 years. Recent improvements include new exterior paint for all multiplex units within the last 30 days. The interiors are clean, featuring hardwood, laminate, or vinyl flooring throughout, with no carpeting. The end-of-the-road location provides a private setting. Zoned SFR-OO, there is potential for additional development, subject to city verification. The property is currently operating at a 6.6% cap rate. The total property size is 4456 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.895465
- Latitude
- 42.325879
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight units on a large lot with development potential.
Where is this apartment building located?
The property is located at 144-166 Reager Street Medford, 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: 1.06‑acre parcel with country rural feeling, right in the city.; **8 single‑level units provide immediate rental income**.; **6.6% cap rate**.
