Updated Duplex with Two
New
For Sale
$579,900
636 Pennsylvania Ave, Medford, OR 97501
Two single-level residences offer open interiors, private outdoor areas, and separate utility metering on one parcel.
Property Size2,728 SF
Price / SF$212.57
Days on Market2
Property Features for 636 Pennsylvania Ave
General Information
Standard status
Active
Size
2,728 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
2
Building Details
Year Built
2004
Buildings
2
Stories
1
Listing Agency:
John L Scott Ashland
(541) 951-2323
Listed By:
Rick Harris · License #890100068
Source:
541sold
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 10:17AM
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 John L Scott Ashland
Investment Insights
Based on property information with market context.
This duplex property comprises two 2004-built, single-level homes, each measuring 1,364 square feet with three bedrooms and two bathrooms. Both residences feature open living areas, well-equipped kitchens with substantial cabinetry, thermal-pane windows, laundry areas, covered front porches, and fenced rear yards. Flooring and interior paint have been updated, while unit 636 also includes newer appliances and vinyl plank flooring. One residence adds a side porch for outdoor use.
The property is located at 636 Pennsylvania Ave in Medford, Oregon. Water, sewer, and electric service are individually metered, and there is no homeowners association. Each home has two paved parking spaces in the alley-accessed parking area. The City of Medford has indicated that separating the units onto individual lots may be possible through an exceptions process; verification is required.
The property is located at 636 Pennsylvania Ave in Medford, Oregon. Water, sewer, and electric service are individually metered, and there is no homeowners association. Each home has two paved parking spaces in the alley-accessed parking area. The City of Medford has indicated that separating the units onto individual lots may be possible through an exceptions process; verification is required.
Key Highlights
- Two 2004‑built homes on one parcel
- Each residence offers 1,364 square feet, 3 bedrooms, and 2 bathrooms
- Updated flooring and interior paint across the property
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
$29,234
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
5.04%
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%
$584,680
$584.7K
Cap Rate 7%
$417,629
$417.6K
Cap Rate 9%
$324,822
$324.8K
Market Conditions
NOI Build-Up for 2,728 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
$44.2K $16.20/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$41.8K $15.31/SF
− OpEx
−$12.5K −$4.59/SF
NOI
$29.2K $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%
$584,680
Cap Rate 7%
$417,629
Cap Rate 9%
$324,822
Alternative Uses
Best Use
Multifamily LT 5
$417.6K
$365.4K – $487.2K
NOI $29,234 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$366.5K
$320.7K – $427.6K
NOI $25,657 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$658.5K
$576.2K – $768.2K
NOI $46,092 @ 7.0% cap · market cap 7.95%
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
1,165
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 - Two single-level residences offer open interiors, private outdoor areas, and separate utility metering on one parcel.
Where is this duplex located?
The property is located at 636 Pennsylvania Ave Medford, OR.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Two 2004‑built homes on one parcel; Each residence offers 1,364 square feet, 3 bedrooms, and 2 bathrooms; Updated flooring and interior paint across the property
