4-Unit Apartment
For Sale
Contact for pricing
Pending
3046 Sheraton Court, Medford, OR 97504
Four occupied residences offer a two-level bedroom and bathroom mix within MFR-20 zoning.
Property Size3,485 SF
Days on Market103
Property Features for 3046 Sheraton Court
General Information
Standard status
Pending
Size
3,485 SF
Class
B
Property subtype
Multifamily
Zoning
MFR-20
Occupancy
98%
Investment Type
Stabilized
Building Details
Year Built
1994
Year Renovated
2025
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
John L. Scott Real Estate Medford
Listed By:
Ryan Johnson · License #201238292
(541) 719-8624
Source:
Crexi
Added: Jul 24
Changed: Oct 25
Last Checked: Nov 1 at 6:13AM
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 John L. Scott Real Estate Medford
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Investment Insights
Based on property information with market context.
This 3,485-square-foot quadplex, built in 1994, includes four occupied units with a varied layout. The lower-level residences each provide 3 bedrooms and 2 bathrooms, while the upper-level residences feature 2 bedrooms and 1.5 bathrooms. The property has been updated, and new balconies have been installed. A pre-inspection is on file, with major identified issues addressed.
Set on Sheraton Court in Medford, the property is positioned near shopping and dining in a cul-de-sac setting. The HOA covers water, sewer, trash, and landscaping for the common areas. All four units are reported to be in good condition and occupied.
Set on Sheraton Court in Medford, the property is positioned near shopping and dining in a cul-de-sac setting. The HOA covers water, sewer, trash, and landscaping for the common areas. All four units are reported to be in good condition and occupied.
Key Highlights
- Four occupied units totaling 3,485 square feet
- Lower units offer 3 bedrooms and 2 bathrooms each
- Upper units provide 2 bedrooms and 1.5 bathrooms each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,346
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,920
$746.9K
Cap Rate 7%
$533,514
$533.5K
Cap Rate 9%
$414,956
$415.0K
Market Conditions
NOI Build-Up for 3,485 SF
Gross rent
$56.5K $16.20/SF
− Vacancy
−$3.1K −$0.89/SF
EGI
$53.4K $15.31/SF
− OpEx
−$16.0K −$4.59/SF
NOI
$37.3K $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%
$746,920
Cap Rate 7%
$533,514
Cap Rate 9%
$414,956
Alternative Uses
Best Use
Multifamily LT 5
$533.5K
$466.8K – $622.4K
NOI $37,346 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$468.2K
$409.7K – $546.3K
NOI $32,776 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$841.2K
$736.0K – $981.4K
NOI $58,883 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
114
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 - Four occupied residences offer a two-level bedroom and bathroom mix within MFR-20 zoning.
Where is this quadplex located?
The property is located at 3046 Sheraton Court Medford, OR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four occupied units totaling 3,485 square feet; Lower units offer 3 bedrooms and 2 bathrooms each; Upper units provide 2 bedrooms and 1.5 bathrooms each
