Duplex with Detached
502 Benson Street, Medford, OR 97501
For Sale
$409,900
Two remodeled residences occupy one parcel, each with its own entrance and no shared walls.
Property Size1,384 SF
Price / SF$296.17
Days on Market781
Property Features for 502 Benson Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
Real Broker
Listed By:
Rosalie Warner
(855) 450-0442
Source:
Kendonleet
Added: Sep 25, 2024
Changed: Nov 12
Last Checked: Nov 13 at 4:15AM
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 Real Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two separate bungalow-style residences on one lot. The 640-square-foot home has two bedrooms and one bathroom; the 744-square-foot residence provides additional living area. Both homes have been remodeled with fresh paint, new flooring, and updated kitchens featuring modern countertops and cabinets. Each has a private entrance, with no walls shared between the residences.
Zoned Sfr-10, the property is near schools, transit, medical care, and shopping. Recent exterior work includes tree pruning, weed control, and fresh bark in the front yard.
Zoned Sfr-10, the property is near schools, transit, medical care, and shopping. Recent exterior work includes tree pruning, weed control, and fresh bark in the front yard.
Key Highlights
- Two separate bungalow‑style homes on one lot, with private entrances and no shared walls
- 640‑square‑foot residence with 2 bedrooms and 1 bathroom
- Second residence measures 744 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,831
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,620
$296.6K
Cap Rate 7%
$211,871
$211.9K
Cap Rate 9%
$164,789
$164.8K
Market Conditions
NOI Build-Up for 1,384 SF
Gross rent
$22.4K $16.20/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$21.2K $15.31/SF
− OpEx
−$6.4K −$4.59/SF
NOI
$14.8K $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%
$296,620
Cap Rate 7%
$211,871
Cap Rate 9%
$164,789
Alternative Uses
Best Use
Multifamily LT 5
$211.9K
$185.4K – $247.2K
NOI $14,831 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$186.0K
$162.7K – $217.0K
NOI $13,017 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$334.1K
$292.3K – $389.7K
NOI $23,384 @ 7.0% cap · market cap 5.70%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
594
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
$325,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Jackson County, OR
Properties on Market for Duplexes in Jackson County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled residences occupy one parcel, each with its own entrance and no shared walls.
Where is this duplex located?
The property is located at 502 Benson Street Medford, OR.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two separate bungalow‑style homes on one lot, with private entrances and no shared walls; 640‑square‑foot residence with 2 bedrooms and 1 bathroom; Second residence measures 744 square feet
