Triplex with Ductless
403 De Barr Avenue, Medford, OR 97501
For Sale
New
$414,500
Residential Income, Medford, OR
Property Size2,344 SF
Lot Size0.24 Acres
Price / SF$176.83
Days on Market2
Property Features for 403 De Barr Avenue
General Information
Property type
Property subtype
Zoning description
Parking features
Window features
Appliances
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
John L Scott Real Estate Grants Pass · John L. Scott
(541) 476-1299
Listed By:
Chad Guthrie · License #201207999
(541) 944-6476
Added: Nov 5
Last Checked: Nov 6 at 8:06PM
MLS# 220230817
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.
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Investment Insights
Based on property information with market context.
Built in 1918, this 2,344-square-foot triplex has one four-bedroom, one-bathroom residence on the ground floor and two upper-level apartments, each with one bedroom and one bathroom. The lower unit includes a large kitchen and washer and dryer; all three residences have ductless heating and cooling. Interior updates have been made over time.
The property sits on a corner lot in Medford and has driveway parking. Public water and sewer serve the site. Appliances include an oven, range, refrigerator, and water heater.
The property sits on a corner lot in Medford and has driveway parking. Public water and sewer serve the site. Appliances include an oven, range, refrigerator, and water heater.
Key Highlights
- Three residential units: one 4‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
- 2,344 square feet; built in 1918
- Ductless heating and cooling in all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,119
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,380
$502.4K
Cap Rate 7%
$358,843
$358.8K
Cap Rate 9%
$279,100
$279.1K
Market Conditions
NOI Build-Up for 2,344 SF
Gross rent
$38.0K $16.20/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$35.9K $15.31/SF
− OpEx
−$10.8K −$4.59/SF
NOI
$25.1K $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%
$502,380
Cap Rate 7%
$358,843
Cap Rate 9%
$279,100
Alternative Uses
Best Use
Multifamily LT 5
$358.8K
$314.0K – $418.7K
NOI $25,119 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$314.9K
$275.6K – $367.4K
NOI $22,045 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,604 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - The three-unit layout pairs a four-bedroom lower residence with two one-bedroom apartments above.
Where is this triplex located?
The property is located at 403 De Barr Avenue Medford, OR.
What is the asking price?
The asking price for this property is $414,500.
What are key features of this property?
This property features: Three residential units: one 4‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; 2,344 square feet; built in 1918; Ductless heating and cooling in all three units
