5-Unit Multifamily
329 S Grape Street, Medford, OR 97501
For Sale
$799,000
Five updated units span two tax lots and include shared laundry and alley access.
Property Size3,010 SF
Price / SF$265.45
Days on Market203
Property Features for 329 S Grape Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Financials
Cap Rate
Gross Income
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry facility
Courtyard
Building Details
Building Size
Stories
Units
Listing Agency:
Landline Real Estate
Listed By:
Christopher M Knox · License #200411142
(541) 899-7222
Source:
Desertskyrealestate
Added: Apr 21
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 Landline Real Estate
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Investment Insights
Based on property information with market context.
This 3,010-square-foot multifamily property comprises five units on two tax lots. The unit mix includes a 1,200-square-foot, three-bedroom, one-bathroom house, three studio apartments, and one one-bedroom apartment. Updates across the units include HVAC systems, flooring, paint, and cabinets. A shared laundry facility and alley access serve the property, which is zoned C-S/P.
All five units are currently rented, and the property is professionally managed. The seller reports a 7.5% cap rate.
All five units are currently rented, and the property is professionally managed. The seller reports a 7.5% cap rate.
Key Highlights
- Five units across two tax lots: one three‑bedroom house, three studios, and one one‑bedroom apartment
- 3,010 square feet of property
- The house contains 1,200 square feet with three bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,309
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,180
$566.2K
Cap Rate 7%
$404,414
$404.4K
Cap Rate 9%
$314,544
$314.5K
Market Conditions
NOI Build-Up for 3,010 SF
Gross rent
$54.2K $18.00/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$51.5K $17.10/SF
− OpEx
−$23.2K −$7.69/SF
NOI
$28.3K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,180
Cap Rate 7%
$404,414
Cap Rate 9%
$314,544
Alternative Uses
Best Use
Apartment 5plus
$404.4K
$353.9K – $471.8K
NOI $28,309 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$726.5K
$635.7K – $847.6K
NOI $50,857 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,575
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
$325,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Medford, OR
Properties on Market for Multifamily properties in Medford
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five updated units span two tax lots and include shared laundry and alley access.
Where is this multifamily property located?
The property is located at 329 S Grape Street Medford, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Five units across two tax lots: one three‑bedroom house, three studios, and one one‑bedroom apartment; 3,010 square feet of property; The house contains 1,200 square feet with three bedrooms and one bathroom
