4-Unit
For Sale
$695,000
3060 Sheraton Court, Medford, OR 97504
The unit mix includes two upper-level homes and two lower-level homes, with owned appliances and central heating and air throughout.
Property Size4,702 SF
Price / SF$147.81
Days on Market122
Property Features for 3060 Sheraton Court
General Information
Standard status
Active
Size
4,702 SF
Property subtype
Residential Income
Zoning
Mfr-20
Units
Unit Mix
2 x 2BR/1.5BA, 2 x 3BR/2BA
Multifamily Units
4
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$7,012
Amenities
balcony
backyard
fence
central heating and air
owned appliances
landscaping
Building Details
Building Size
4,702 SF
Year Built
1994
Stories
2
Units
4
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Rutledge Property Group · License #201007081
(541) 778-9677
Source:
Desertskyrealestate
Added: Jul 1
Changed: Oct 28
Last Checked: Oct 29 at 8:22PM
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 4-unit residential property contains 4,702 SF and was built in 1994. The upper level has two 2-bedroom, 1.5-bath units, each with a balcony. Two 3-bedroom, 2-bath units occupy the lower level and include backyard space. Owned appliances and central heating and air serve all four homes.
The property is zoned Mfr-20. Each unit has two designated parking spaces. A new fence borders the rear yards.
The property is zoned Mfr-20. Each unit has two designated parking spaces. A new fence borders the rear yards.
Key Highlights
- Four units: two 2‑bedroom, 1.5‑bath homes and two 3‑bedroom, 2‑bath homes
- 4,702 SF property built in 1994
- Two upper‑level units have balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,388
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,760
$1.0M
Cap Rate 7%
$719,829
$719.8K
Cap Rate 9%
$559,867
$559.9K
Market Conditions
NOI Build-Up for 4,702 SF
Gross rent
$76.2K $16.20/SF
− Vacancy
−$4.2K −$0.89/SF
EGI
$72.0K $15.31/SF
− OpEx
−$21.6K −$4.59/SF
NOI
$50.4K $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%
$1,007,760
Cap Rate 7%
$719,829
Cap Rate 9%
$559,867
Alternative Uses
Best Use
Multifamily LT 5
$719.8K
$629.9K – $839.8K
NOI $50,388 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$631.7K
$552.8K – $737.0K
NOI $44,222 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$1.13M
$993.1K – $1.32M
NOI $79,445 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
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 - The unit mix includes two upper-level homes and two lower-level homes, with owned appliances and central heating and air throughout.
Where is this quadplex located?
The property is located at 3060 Sheraton Court Medford, OR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Four units: two 2‑bedroom, 1.5‑bath homes and two 3‑bedroom, 2‑bath homes; 4,702 SF property built in 1994; Two upper‑level units have balconies
