Renovated
New
For Sale
$355,000
635 Pennsylvania Avenue, Medford, OR 97501
Residential Income, Medford, OR
Property Size1,472 SF
Lot Size0.13 Acres
Price / SF$241.17
Days on Market4
Property Features for 635 Pennsylvania Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Sfr-10
Parking features
RV
Window features
Double Pane Windows, Vinyl Frames, Aluminum Frames
Interior features
Granite Counters
Appliances
Dishwasher, Oven, Range Hood, Refrigerator, Water Heater
View
Territorial
Elementary school
Jackson Elem
Middle school
McLoughlin Middle
High school
South Medford High
Directions
From Biddle Rd, straight onto E 4th St, right on Rose Ave, right on Pennsylvania Ave, house is on the Left.
Standard status
Active
APN
10395393
Size
1,472 SF
Lot size
0.13 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2007
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Amenities
covered patio
laundry
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Simulated wood, Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Craftsman
Buildings
1
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Jordan Kramer
(541) 840-2992
Added: Oct 23
Last Checked: Oct 26 at 12:06AM
MLS# 220230375
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.
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Investment Insights
Based on property information with market context.
Built in 1920, this Craftsman-style duplex contains 1,472 square feet across two vacant units on a 0.13-acre parcel. One residence has two bedrooms, one bathroom, a covered patio, laundry area and backyard. The other offers a large bedroom, full bathroom, kitchen, private side entrance and laundry. Each unit has its own electric meter.
Renovation work includes new interior and exterior paint, updated flooring, kitchen improvements with granite counters and cabinetry, and a new roof. The second unit also has new siding, windows and doors. Heating is electric baseboard, and the property has public water and sewer. Gravel parking runs along the left side, with room for multiple vehicles and potential RV parking. The property is near shopping, schools, parks and downtown Medford.
Renovation work includes new interior and exterior paint, updated flooring, kitchen improvements with granite counters and cabinetry, and a new roof. The second unit also has new siding, windows and doors. Heating is electric baseboard, and the property has public water and sewer. Gravel parking runs along the left side, with room for multiple vehicles and potential RV parking. The property is near shopping, schools, parks and downtown Medford.
Key Highlights
- 1,472 square feet on a 0.13‑acre lot
- Two vacant units, including a two‑bedroom residence and a one‑bedroom residence
- Separate electric meters and laundry areas for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,774
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,480
$315.5K
Cap Rate 7%
$225,343
$225.3K
Cap Rate 9%
$175,267
$175.3K
Market Conditions
NOI Build-Up for 1,472 SF
Gross rent
$23.8K $16.20/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$22.5K $15.31/SF
− OpEx
−$6.8K −$4.59/SF
NOI
$15.8K $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%
$315,480
Cap Rate 7%
$225,343
Cap Rate 9%
$175,267
Alternative Uses
Best Use
Multifamily LT 5
$225.3K
$197.2K – $262.9K
NOI $15,774 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$197.8K
$173.1K – $230.7K
NOI $13,844 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$355.3K
$310.9K – $414.5K
NOI $24,871 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,165
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences feature independent electric meters, updated kitchens and separate laundry areas.
Where is this duplex located?
The property is located at 635 Pennsylvania Avenue Medford, OR.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 1,472 square feet on a 0.13‑acre lot; Two vacant units, including a two‑bedroom residence and a one‑bedroom residence; Separate electric meters and laundry areas for both units
