Building Details

Year Renovated 2008

Tenancy Multi

Listing Agency: HRM Property Solutions Inc. c***@johnlscott.com Show Phone

Listed By: Chris Dennett · License #201242578 Show Phone

Source: Exprealty

Added: Apr 24 Changed: Aug 13 Last Checked: Aug 19 at 10:07AM

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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 HRM Property Solutions Inc.

Investment Insights

Based on property information with market context.

This historic apartment building has been modernized with a full seismic retrofit in 2008 and a new PVC membrane roof scheduled for 2026. An elevator serves the upstairs common area, which includes ADA restrooms.

The property is currently under management, with all 9 units fully leased and occupied. It is located about one block from the boundary of the proposed Creekside Quarter.

Key Highlights

• 9‑unit apartment building in downtown Medford, fully leased and occupied
• Full seismic retrofit completed in 2008
• New PVC membrane roof scheduled/installed in 2026

Property Analytics

Property Profile

Current Use

Dr. Mike Henderson Physician The End of the Rainbow Discount Store

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Florist Carpet & Flooring Store Mobile Phone Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3,107

Businesses Nearby

Explore this area Business Placement

Demographics for 97501, OR

47,519

Population

19,370

Households

2.5

Avg Household Size

37

Median Age

20%

College-Educated

90%

High-School Grad

45.3 sq mi

ZIP Area

1,049

Density / Sq Mi

$61,971

Median Household Income

$36,471

Median Earnings

$1,238

Median Rent

$325,200

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - A 9-unit apartment building with elevator service and ADA restrooms, fully leased and under management.

Where is this apartment building located?

The property is located at 232 E Main St Medford, OR.

What is the asking price?

The asking price for this property is $830,000.

What are key features of this property?

This property features: 9‑unit apartment building in downtown Medford, fully leased and occupied; Full seismic retrofit completed in 2008; New PVC membrane roof scheduled/installed in 2026