Updated Four-Unit
For Sale
$550,000
Pending
515 Liberty Street, Medford, OR 97501
Residential Income, Medford, OR
Property Size2,699 SF
Lot Size0.14 Acres
Days on Market127
Property Features for 515 Liberty Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
SFR-10
Parking features
Driveway
Window features
Double Pane Windows, Aluminum Frames, Vinyl Frames
Appliances
Cooktop, Dishwasher, Dryer, Oven, Range, Washer
Subdivision
Kendall Addition
Lot features
Level
View
City
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Standard status
Pending
APN
10387633
Size
2,699 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2493
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
4
Flooring type
Laminate
Building materials
Frame
Roof type
Membrane, Composition
Architectural style
Other
Listing Agency:
John L. Scott Ashland
(541) 488-1311
Listed By:
Brian Druihet
(541) 779-3611
Added: Apr 27
Changed: Aug 28
Last Checked: Aug 31 at 12:06PM
MLS# 220220187
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 four-unit residential property contains three furnished 2-bedroom, 1-bathroom units and one furnished 1-bedroom, 1-bathroom studio. The 2,699-square-foot building was constructed in 1925 and has received updates to the roof, electrical system, and plumbing. Interior features include laminate flooring, ductless heating and cooling, and kitchen and laundry appliances. The property is offered as-is.
Set on 0.14 acres in Medford, the property provides driveway parking for each unit and is served by public water and public sewer. Shopping, restaurants, schools, and hospitals are located nearby. The property has a 10%+ cap rate and a history of rental demand from traveling nurses and seasonal tenants.
Set on 0.14 acres in Medford, the property provides driveway parking for each unit and is served by public water and public sewer. Shopping, restaurants, schools, and hospitals are located nearby. The property has a 10%+ cap rate and a history of rental demand from traveling nurses and seasonal tenants.
Key Highlights
- Three furnished 2‑bedroom, 1‑bathroom units plus one furnished 1‑bedroom, 1‑bathroom studio
- 2,699 square feet on 0.14 acres
- 10%+ cap rate
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
$28,923
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
5.26%
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%
$578,460
$578.5K
Cap Rate 7%
$413,186
$413.2K
Cap Rate 9%
$321,367
$321.4K
Market Conditions
NOI Build-Up for 2,699 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
$43.7K $16.20/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$41.3K $15.31/SF
− OpEx
−$12.4K −$4.59/SF
NOI
$28.9K $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%
$578,460
Cap Rate 7%
$413,186
Cap Rate 9%
$321,367
Alternative Uses
Best Use
Multifamily LT 5
$413.2K
$361.5K – $482.1K
NOI $28,923 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$362.6K
$317.3K – $423.1K
NOI $25,384 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$651.5K
$570.0K – $760.0K
NOI $45,602 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,942
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?
Quadplex - Furnished units include a flexible mix of two-bedroom residences and a one-bedroom studio.
Where is this quadplex located?
The property is located at 515 Liberty Street Medford, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three furnished 2‑bedroom, 1‑bathroom units plus one furnished 1‑bedroom, 1‑bathroom studio; 2,699 square feet on 0.14 acres; 10%+ cap rate
