Four-Townhome Investment
1902 Pebble Way, Medford, OR 97504
New
MULTI_FAMILY - Medford, OR
Property size:
5,654 SFLot size:
0.24 AcresPrice / SF:
$201/SF- Added:
- Jun 2, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 2 at 5:06 pm
Property Features for 1902 Pebble Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Window features
- Double Pane Windows
- Patio and Porch features
- Patio, Porch
- Standard status
- Active
- APN
- 10969406
- Size
- 5,654 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11193
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Frame
- Roof type
- Composition
Listing agent Douglas E Morse License #900700181 (541) 944-6000
Listing office John L. Scott Medford 871 Medford Center, Medford, OR (541) 779-3611
Listing date Jun 2, 2026
MLS# 220222569
Listing URL
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.
HighLights
- Four townhomes in two buildings, each unit has 2 bedrooms and 1.5 bathrooms
- Each townhome includes a covered patio with yard space and a finished one‑car garage
- Tenants are on MTM (month‑to‑month) leases, with one townhome to be vacant soon
- Built in 2002; frame construction with composition roof
- Heat pump heating and cooling in each unit
- Public water and public sewer; driveway parking with carpet, laminate, and vinyl flooring
Overview
This property features two buildings with four total townhomes, where each unit shares one common wall. Each townhome offers a spacious layout with two bedrooms and 1.5 bathrooms. Residents will have a covered patio with yard space, plus a finished one-car garage. The current setup supports an income-focused strategy, with all tenants on month-to-month leases and below-market rents.
Located in NE Medford, the property is described as being close to public transportation as well as medical, grocery, and restaurant options. The two-building configuration and attached design create a compact, manageable footprint while maintaining each unit’s outdoor patio and garage amenities.
For investors, the month-to-month structure and below-market rents create potential for income improvements over time. With one townhome to be vacant soon, an owner may have additional flexibility to adjust rents at turnover or consider an owner-occupant scenario. The combination of established tenant occupancy, near-term vacancy, and unit amenities like covered patios and garages may appeal to buyers seeking a straightforward multifamily hold with room to optimize.
Located in NE Medford, the property is described as being close to public transportation as well as medical, grocery, and restaurant options. The two-building configuration and attached design create a compact, manageable footprint while maintaining each unit’s outdoor patio and garage amenities.
For investors, the month-to-month structure and below-market rents create potential for income improvements over time. With one townhome to be vacant soon, an owner may have additional flexibility to adjust rents at turnover or consider an owner-occupant scenario. The combination of established tenant occupancy, near-term vacancy, and unit amenities like covered patios and garages may appeal to buyers seeking a straightforward multifamily hold with room to optimize.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.6k | $16.20 |
| − Vacancy | −$5.0k | −$0.89 |
| EGI | $86.6k | $15.31 |
| − OpEx | −$26.0k | −$4.59 |
| NOI | $60.6k | $10.72 |
5,654 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$865.6K
$757.4K – $1.01M
NOI $60,590 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$759.7K
$664.7K – $886.3K
NOI $53,176 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,530 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.857421
- Latitude
- 42.357082
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four attached townhomes offer covered patios, yard space, and finished one-car garages with flexible occupancy options.
Where is this quadplex located?
The property is located at 1902 Pebble Way Medford, OR.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: Four townhomes in two buildings, each unit has 2 bedrooms and 1.5 bathrooms; Each townhome includes a covered patio with yard space and a finished one‑car garage; Tenants are on MTM (month‑to‑month) leases, with one townhome to be vacant soon
