Four-Unit Multifamily
For Sale
$725,000
3060 Sheraton Court, Medford, OR 97504
Residential Income, Medford, OR
Property Size4,702 SF
Lot Size0.10 Acres
Price / SF$154.19
Days on Market96
Property Features for 3060 Sheraton Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
Mfr-20
Appliances
Dishwasher, Disposal, Range
Subdivision
Sheraton Park
Lot features
Level
View
Territorial
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Standard status
Active
APN
10844852
Size
4,702 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7012
HOA Fee
$775 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
balcony
back yard
Building Details
Year built
1994
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet, Laminate
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Rutledge Property Group · License #201007081
(541) 778-9677
Added: Jul 1
Changed: Oct 2
Last Checked: Oct 4 at 4:06PM
MLS# 220224468
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,702-square-foot multifamily property in Medford contains four residential units. The upper level has two two-bedroom units, each with one-and-a-half bathrooms and a small balcony. Two lower-level units offer three bedrooms and two bathrooms apiece, along with spacious backyards and a recently installed rear fence.
Each residence includes owned appliances, including a range, dishwasher, and disposal, plus central heating and air provided by heat pump systems. The 1994 frame construction has vinyl, carpet, and laminate flooring, a composition roof, public water, and public sewer. Two designated parking spaces are assigned to each unit.
Each residence includes owned appliances, including a range, dishwasher, and disposal, plus central heating and air provided by heat pump systems. The 1994 frame construction has vinyl, carpet, and laminate flooring, a composition roof, public water, and public sewer. Two designated parking spaces are assigned to each unit.
Key Highlights
- Four‑unit property with 4,702 square feet
- Two upper units with 2 bedrooms, 1.5 bathrooms, and private balconies
- Two lower units with 3 bedrooms, 2 bathrooms, and spacious backyards
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,388
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.95%
Second Best
Apartment 5plus
$631.7K
$552.8K – $737.0K
NOI $44,222 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.13M
$993.1K – $1.32M
NOI $79,445 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
114
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained residential income property with varied unit layouts, private outdoor areas, and central heating and air.
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 $725,000.
What are key features of this property?
This property features: Four‑unit property with 4,702 square feet; Two upper units with 2 bedrooms, 1.5 bathrooms, and private balconies; Two lower units with 3 bedrooms, 2 bathrooms, and spacious backyards
