8-Unit Multifamily
1990 Skypark Drive, Medford, OR 97504
For Sale
$799,000
Two fourplexes share one lot, with two-bedroom, two-bath units and on-site parking.
Property Size3,804 SF
Price / SF$210.04
Days on Market181
Property Features for 1990 Skypark Drive
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Cascade Hasson Sotheby's International Realty
(541) 330-8505
Listed By:
Laurie Starr · License #201206959
(541) 840-0247
Source:
Desertskyrealestate
Added: May 13
Changed: Nov 8
Last Checked: Nov 8 at 8:51AM
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 Cascade Hasson Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two fourplexes on one lot are offered together as an eight-unit multifamily property. Each unit has a two-bedroom, two-bath layout and two porches. The buildings were constructed in 2004, and the property has a new roof. The listing records 3,804 square feet and Mfr-20 zoning.
On-site parking and maintained grounds serve the property. The two buildings are being sold together.
On-site parking and maintained grounds serve the property. The two buildings are being sold together.
Key Highlights
- Two fourplexes on one lot, offered together for a total of 8 units
- Each unit has 2 bedrooms, 2 bathrooms, and 2 porches
- 3,804 square feet; Mfr‑20 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,777
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,540
$715.5K
Cap Rate 7%
$511,100
$511.1K
Cap Rate 9%
$397,522
$397.5K
Market Conditions
NOI Build-Up for 3,804 SF
Gross rent
$68.5K $18.00/SF
− Vacancy
−$3.4K −$0.90/SF
EGI
$65.0K $17.10/SF
− OpEx
−$29.3K −$7.69/SF
NOI
$35.8K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,540
Cap Rate 7%
$511,100
Cap Rate 9%
$397,522
Alternative Uses
Best Use
Apartment 5plus
$511.1K
$447.2K – $596.3K
NOI $35,777 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.2K
$803.4K – $1.07M
NOI $64,272 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
503
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
$447,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Medford, OR
Properties on Market for Multifamily properties in Medford
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two fourplexes share one lot, with two-bedroom, two-bath units and on-site parking.
Where is this multifamily property located?
The property is located at 1990 Skypark Drive Medford, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two fourplexes on one lot, offered together for a total of 8 units; Each unit has 2 bedrooms, 2 bathrooms, and 2 porches; 3,804 square feet; Mfr‑20 zoning
