Duplex with Private Fenced
For Sale
$340,000
Pending
43 N Columbus, Medford, OR 97501
MULTI_FAMILY - Other - Medford, OR
Property Size2,080 SF
Lot Size0.16 Acres
Days on Market49
Property Features for 43 N Columbus
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Sfr-10
Parking features
Carport, Driveway
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Patio, Porch
Interior features
Ceiling Fan(s), Laminate Counters, Open Floorplan, Primary Downstairs, Shower/Tub Combo
Appliances
Dishwasher, Disposal, Oven, Range, Range Hood, Refrigerator, Water Heater
Lot features
Fenced, Landscaped, Level
View
Territorial
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Standard status
Pending
APN
10401852
Size
2,080 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2549
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private fenced yard
exterior storage closet
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Concrete, Frame
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Rutledge Property Group · License #201007081
(541) 778-9677
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 24 at 7:06PM
MLS# 220224742
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 turnkey, super clean duplex offers a total of 2,080 SF and was built in 1974. The property is configured as two separate units, each with three bedrooms and one bathroom, along with an open floor plan and a primary bedroom downstairs. Interior features include laminate counters and ceiling fans, and in-unit appliances such as a dishwasher, disposal, oven, range, range hood, refrigerator, and water heater. Heating is provided by natural gas forced air, with window and wall/window cooling.
Each unit includes a private fenced yard, a porch or patio area, an exterior storage closet, and carport parking accessed via a driveway. The roof is composition and was replaced in 2019.
Utilities are connected to public water and public sewer, supporting straightforward ongoing operations for a duplex-style income property.
Each unit includes a private fenced yard, a porch or patio area, an exterior storage closet, and carport parking accessed via a driveway. The roof is composition and was replaced in 2019.
Utilities are connected to public water and public sewer, supporting straightforward ongoing operations for a duplex-style income property.
Key Highlights
- 2,080 SF duplex built in 1974 with two 3‑bedroom, 1‑bath units
- Private fenced yard for each unit plus porch/patio areas
- Exterior storage closet and carport parking for each unit
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
$22,290
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
6.56%
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%
$445,800
$445.8K
Cap Rate 7%
$318,429
$318.4K
Cap Rate 9%
$247,667
$247.7K
Market Conditions
NOI Build-Up for 2,080 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
$33.7K $16.20/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$31.8K $15.31/SF
− OpEx
−$9.6K −$4.59/SF
NOI
$22.3K $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%
$445,800
Cap Rate 7%
$318,429
Cap Rate 9%
$247,667
Alternative Uses
Best Use
Multifamily LT 5
$318.4K
$278.6K – $371.5K
NOI $22,290 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$279.5K
$244.5K – $326.0K
NOI $19,562 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$502.1K
$439.3K – $585.7K
NOI $35,144 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
587
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Clean 2,080 SF duplex built in 1974 with two 3-bedroom units, each with a private fenced yard and carport parking.
Where is this duplex located?
The property is located at 43 N Columbus Medford, OR.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 2,080 SF duplex built in 1974 with two 3‑bedroom, 1‑bath units; Private fenced yard for each unit plus porch/patio areas; Exterior storage closet and carport parking for each unit
