4-Unit Quadplex with
For Sale
$529,000
1927 Crater Lake Ave, Medford, OR 97504
Each residence has a one-bedroom, one-bath layout, a private patio, and a storage shed.
Property Size2,048 SF
Price / SF$258.30
Days on Market15
Property Features for 1927 Crater Lake Ave
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
private patio
storage shed
Building Details
Year Built
1976
Listing Agency:
Ford Real Estate
Listed By:
John Ford · License #200901137
(541) 227-3552
Source:
Portlandoregonhomelistings
Added: Oct 12
Changed: Oct 25
Last Checked: Oct 24 at 5:13PM
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 Ford Real Estate
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,048 square feet and was built in 1976. Each unit is configured with one bedroom and one bathroom, plus a private patio and its own storage shed.
The property is near schools, shopping, restaurants, hospitals, and public transportation.
The property is near schools, shopping, restaurants, hospitals, and public transportation.
Key Highlights
- Four units, each with one bedroom and one bathroom
- 2,048 square feet
- Built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,947
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,940
$438.9K
Cap Rate 7%
$313,529
$313.5K
Cap Rate 9%
$243,856
$243.9K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$33.2K $16.20/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$31.4K $15.31/SF
− OpEx
−$9.4K −$4.59/SF
NOI
$21.9K $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%
$438,940
Cap Rate 7%
$313,529
Cap Rate 9%
$243,856
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.3K – $365.8K
NOI $21,947 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$275.2K
$240.8K – $321.0K
NOI $19,261 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$494.3K
$432.5K – $576.7K
NOI $34,603 @ 7.0% cap · market cap 6.54%
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
493
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a one-bedroom, one-bath layout, a private patio, and a storage shed.
Where is this quadplex located?
The property is located at 1927 Crater Lake Ave Medford, OR.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Four units, each with one bedroom and one bathroom; 2,048 square feet; Built in 1976
