Duplex with Private
624 Hamilton St, Medford, OR 97501
For Sale
$375,000
Pending
Two-story units include private laundry hookups, individual outdoor space, and access to a shared parking area and front courtyard.
Property Size1,724 SF
Days on Market51
Property Features for 624 Hamilton St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
private laundry hookups
private backyard
parking area
courtyard
Building Details
Year Built
Buildings
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Sep 21
Changed: Nov 3
Last Checked: Nov 8 at 6:31AM
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 Home and Land Real Estate
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Investment Insights
Based on property information with market context.
This 1977 duplex contains two matching two-story units, each arranged with a living room, kitchen, and private laundry hookups on the main level, plus two bedrooms and one bathroom upstairs. Each unit also has its own backyard, while residents share the front courtyard and a large parking area. Exterior painting and roof work were completed within the last couple years, and ductless mini splits were added about 5 years ago.
The property is located at 624 Hamilton St in Medford, directly across from Washington Elementary School. A public bus stop is situated just around the block, providing nearby transit access. The combined property size is 1,724, and the existing layout offers two residential units with consistent floor plans.
The property is located at 624 Hamilton St in Medford, directly across from Washington Elementary School. A public bus stop is situated just around the block, providing nearby transit access. The combined property size is 1,724, and the existing layout offers two residential units with consistent floor plans.
Key Highlights
- Two duplex units, each with 2 bedrooms and 1 bathroom
- Each unit includes a living room, kitchen, private laundry hookups, and a backyard
- Two‑story layouts place bedrooms and bathrooms upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,475
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,500
$369.5K
Cap Rate 7%
$263,929
$263.9K
Cap Rate 9%
$205,278
$205.3K
Market Conditions
NOI Build-Up for 1,724 SF
Gross rent
$27.9K $16.20/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$26.4K $15.31/SF
− OpEx
−$7.9K −$4.59/SF
NOI
$18.5K $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%
$369,500
Cap Rate 7%
$263,929
Cap Rate 9%
$205,278
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$230.9K – $307.9K
NOI $18,475 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$231.6K
$202.7K – $270.2K
NOI $16,214 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$416.1K
$364.1K – $485.5K
NOI $29,129 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
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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
$325,200
Median Home Value
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Market
Average Price Trend$/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-story units include private laundry hookups, individual outdoor space, and access to a shared parking area and front courtyard.
Where is this duplex located?
The property is located at 624 Hamilton St Medford, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two duplex units, each with 2 bedrooms and 1 bathroom; Each unit includes a living room, kitchen, private laundry hookups, and a backyard; Two‑story layouts place bedrooms and bathrooms upstairs
