4-Unit Quadplex with Attached
New
For Sale
$1,070,000
1531 Hondeleau Lane, Medford, OR 97504
Residential Income, Medford, OR
Property Size4,554 SF
Lot Size0.21 Acres
Price / SF$234.96
Days on Market4
Property Features for 1531 Hondeleau Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Mfr-20
Parking features
Driveway
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Deck, Porch
Interior features
Ceiling Fan(s), Linen Closet, Open Floorplan, Pantry, Shower/Tub Combo, Vaulted Ceiling(s), Walk-In Closet(s)
Appliances
Dishwasher, Oven, Range, Range Hood, Water Heater
Subdivision
Canterbury Park Subdivision Phase 5
Lot features
Level
View
Territorial
Elementary school
Kennedy Elem
Middle school
Hedrick Middle
High school
North Medford High
Standard status
Active
APN
10900799
Size
4,554 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6804
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
fenced backyard
upper deck area
Building Details
Year built
2001
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Sara DeVries
(541) 890-7458
Added: Oct 23
Last Checked: Oct 26 at 3:06AM
MLS# 220230379
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.
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Investment Insights
Based on property information with market context.
Built in 2001, this 4,554-square-foot quadplex contains four residences, each with two bedrooms and 1.5 bathrooms. Attached garages serve all four units: two have two-car garages, while the other two have one-car garages. Each residence also has a fenced backyard and an upper deck. Interior features include vaulted ceilings, walk-in closets, a pantry, and an open floorplan. Central air conditioning and forced-air natural gas heating serve the building.
The property occupies 0.21 acres in East Medford, near shopping, dining, medical facilities, parks, and schools. Public water and sewer are available. Showings require an agent to be present, and tenants should not be disturbed.
The property occupies 0.21 acres in East Medford, near shopping, dining, medical facilities, parks, and schools. Public water and sewer are available. Showings require an agent to be present, and tenants should not be disturbed.
Key Highlights
- Four units, each with 2 bedrooms and 1.5 bathrooms
- 4,554 square feet on a 0.21‑acre lot
- Two attached 2‑car garages and two attached 1‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,802
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,040
$976.0K
Cap Rate 7%
$697,171
$697.2K
Cap Rate 9%
$542,244
$542.2K
Market Conditions
NOI Build-Up for 4,554 SF
Gross rent
$73.8K $16.20/SF
− Vacancy
−$4.1K −$0.89/SF
EGI
$69.7K $15.31/SF
− OpEx
−$20.9K −$4.59/SF
NOI
$48.8K $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 Rate 5%
$976,040
Cap Rate 7%
$697,171
Cap Rate 9%
$542,244
Alternative Uses
Best Use
Multifamily LT 5
$697.2K
$610.0K – $813.4K
NOI $48,802 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$611.9K
$535.4K – $713.8K
NOI $42,830 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.10M
$961.8K – $1.28M
NOI $76,944 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
415
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
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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?
Quadplex - Each residence includes private outdoor space and garage parking, with one- and two-car configurations across the property.
Where is this quadplex located?
The property is located at 1531 Hondeleau Lane Medford, OR.
What is the asking price?
The asking price for this property is $1,070,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1.5 bathrooms; 4,554 square feet on a 0.21‑acre lot; Two attached 2‑car garages and two attached 1‑car garages
