415 Summit Avenue, Medford, OR 97501
MULTI_FAMILY - Craftsman - Medford, OR
- Added:
- Mar 20, 2026
- Days on Market:
- 109
- Last Refresh:
- Jul 6 at 1:06 am
Property Features for 415 Summit Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Carport, Driveway
- Window features
- Vinyl Frames
- Patio and Porch features
- Patio, Deck
- Interior features
- Laminate Counters, Shower/Tub Combo, Tile Shower
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Disposal, Oven, Range, Range Hood, Refrigerator, Water Heater
- Standard status
- Active
- APN
- 10399168
- Size
- 1,804 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2299
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1943
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Vinyl, Laminate
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Craftsman
- Additional Structures
- Storage
Listing agent Rutledge Property Group License #201007081 (541) 778-9677
Listing office eXp Realty, LLC 710 Cardley Ave, Salem, OR (888) 814-9613
Listing date Mar 20, 2026
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.
HighLights
- 3‑unit property on a corner lot in a quiet neighborhood
- Main house: 4 bedrooms, 1 bathroom, 1,384 sq ft; newer laminate flooring and new exterior paint
- Two studio units with newer flooring, kitchenettes, and private bathrooms; shared carport plus covered patio and yard
- Craftsman‑style frame construction with composition roof
- Heating: natural gas forced air; cooling includes wall/window and window unit(s)
- Parking and outdoor space include a carport, driveway, deck, and patio; accessible approach with ramp
Overview
Each of the two studio units includes newer flooring, a kitchenette, and a private bathroom. The studios share common amenities described as a carport, a covered patio, and yard space.
For buyers or investors looking for a small residential income property, the unit mix provides a straightforward layout with one larger family-style home alongside two studio units. Shared covered outdoor space and a shared carport can support practical day-to-day use, while the private bathrooms in the studios help maintain independent functionality within the overall triplex setup.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $16.20 |
| − Vacancy | −$1.6k | −$0.89 |
| EGI | $27.6k | $15.31 |
| − OpEx | −$8.3k | −$4.59 |
| NOI | $19.3k | $10.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.887589
- Latitude
- 42.32906
