Two-Residence
306 Vancouver Avenue, Medford, OR 97504
For Sale
$408,500
Two tenant-occupied homes sit on one parcel, with separate patios and parking structures.
Property Size1,992 SF
Price / SF$205.07
Days on Market214
Property Features for 306 Vancouver Avenue
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Open Floorplan
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Rockwell Group · License #201207277
(941) 462-3321
Source:
Desertskyrealestate
Added: Apr 10
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex comprises two separate residences on one parcel. The 1945 home offers 1,056 square feet, two bedrooms, a full bath, built-in dining storage, a kitchen nook, and a laundry porch. Updates include a newer roof and white vinyl windows; the home also has a private patio and detached garage.
Built in 1978, the second residence has two bedrooms, one bath, a walk-in pantry, laundry hookups, a private patio, and a carport. Its yard has irrigation. Both homes are occupied by tenants. The property is zoned SFR-10.
Built in 1978, the second residence has two bedrooms, one bath, a walk-in pantry, laundry hookups, a private patio, and a carport. Its yard has irrigation. Both homes are occupied by tenants. The property is zoned SFR-10.
Key Highlights
- Two tenant‑occupied residences on one parcel
- 1945 home has 1,056 square feet, two bedrooms, and one full bath
- Detached garage and private patio at the 1945 home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,347
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,940
$426.9K
Cap Rate 7%
$304,957
$305.0K
Cap Rate 9%
$237,189
$237.2K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$32.3K $16.20/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$30.5K $15.31/SF
− OpEx
−$9.1K −$4.59/SF
NOI
$21.3K $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%
$426,940
Cap Rate 7%
$304,957
Cap Rate 9%
$237,189
Alternative Uses
Best Use
Multifamily LT 5
$305.0K
$266.8K – $355.8K
NOI $21,347 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$267.6K
$234.2K – $312.3K
NOI $18,735 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$480.8K
$420.7K – $561.0K
NOI $33,657 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,714
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
$447,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Jackson County, OR
Properties on Market for Duplexes in Jackson County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied homes sit on one parcel, with separate patios and parking structures.
Where is this duplex located?
The property is located at 306 Vancouver Avenue Medford, OR.
What is the asking price?
The asking price for this property is $408,500.
What are key features of this property?
This property features: Two tenant‑occupied residences on one parcel; 1945 home has 1,056 square feet, two bedrooms, and one full bath; Detached garage and private patio at the 1945 home
