Five-Unit Apartment
For Sale
$405,000
429 N Holly Street, Medford, OR 97501
Five rental residences include a ground-floor two-bedroom unit, four upper-level studios, and a large garage.
Property Size2,432 SF
Price / SF$166.53
Days on Market209
Property Features for 429 N Holly Street
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Multi Family
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
requires some renovations
Financials
Gross Income
$48,900
Average Monthly Rent
$815
Units
Unit Mix
1 x two-bedroom, 4 x studio
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,498
Building Details
Building Size
2,432 SF
Year Built
1926
Listing Agency:
Millen Property Group
Listed By:
Kenny Taylor · License #201214945
(541) 606-8616
Source:
Wholeheartrealty
Added: Apr 7
Changed: Oct 29
Last Checked: Oct 31 at 3:19PM
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 Millen Property Group
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains a two-bedroom residence on the ground floor and four studio units upstairs. The building totals 2,432 square feet and includes a large garage. Constructed in 1926, it is being offered in as-is condition and requires renovation work.
The property is located at 429 N Holly Street in Medford, Oregon. It is non-conforming, a factor relevant to financing; traditional financing may not be available. Owner financing is a possibility, subject to terms negotiated with the current lender.
The property is located at 429 N Holly Street in Medford, Oregon. It is non-conforming, a factor relevant to financing; traditional financing may not be available. Owner financing is a possibility, subject to terms negotiated with the current lender.
Key Highlights
- Five rental units: one two‑bedroom residence and four studios
- 2,432‑square‑foot building with a large garage
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,873
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,460
$457.5K
Cap Rate 7%
$326,757
$326.8K
Cap Rate 9%
$254,144
$254.1K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$43.8K $18.00/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$41.6K $17.10/SF
− OpEx
−$18.7K −$7.69/SF
NOI
$22.9K $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%
$457,460
Cap Rate 7%
$326,757
Cap Rate 9%
$254,144
Alternative Uses
Best Use
Apartment 5plus
$326.8K
$285.9K – $381.2K
NOI $22,873 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.0K
$513.6K – $684.9K
NOI $41,091 @ 7.0% cap · market cap 10.15%
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
2,225
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five rental residences include a ground-floor two-bedroom unit, four upper-level studios, and a large garage.
Where is this apartment building located?
The property is located at 429 N Holly Street Medford, OR.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Five rental units: one two‑bedroom residence and four studios; 2,432‑square‑foot building with a large garage; Built in 1926
