Craftsman
723 W 11th Street, Medford, OR 97501
For Sale
New
$500,000
Residential Income, Medford, OR
Property Size2,740 SF
Lot Size0.17 Acres
Price / SF$182.48
Days on Market3
Property Features for 723 W 11th Street
General Information
Property type
Property subtype
Zoning description
Parking features
Window features
Patio and Porch features
Interior features
Appliances
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Buildings
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Steve Thomas Group · License OR #201221244
(541) 326-6596
Added: Nov 10
Last Checked: Nov 12 at 7:06AM
MLS# 220230983
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.
This 1928 Craftsman triplex contains 2,740 square feet across three residences on a 0.17-acre lot. The front unit has two bedrooms, a full bathroom, and an enclosed porch. In the middle unit, a one-bedroom layout includes a full bathroom and an upstairs bonus space with vaulted ceilings. The rear residence is arranged over two levels, with a bedroom facing the fenced backyard. A recently replaced sewer line serves the property; public water and sewer are available, and parking is on the street.
The property is a few blocks from downtown Medford, with local businesses and municipal offices also nearby. Three distinct unit layouts provide a range of configurations within the same building.
The property is a few blocks from downtown Medford, with local businesses and municipal offices also nearby. Three distinct unit layouts provide a range of configurations within the same building.
Key Highlights
- Three‑unit Craftsman property built in 1928
- 2,740 square feet on a 0.17‑acre lot
- Front residence has two bedrooms, a full bathroom, and an enclosed porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,363
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,260
$587.3K
Cap Rate 7%
$419,471
$419.5K
Cap Rate 9%
$326,256
$326.3K
Market Conditions
NOI Build-Up for 2,740 SF
Gross rent
$44.4K $16.20/SF
− Vacancy
−$2.4K −$0.89/SF
EGI
$41.9K $15.31/SF
− OpEx
−$12.6K −$4.59/SF
NOI
$29.4K $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%
$587,260
Cap Rate 7%
$419,471
Cap Rate 9%
$326,256
Alternative Uses
Best Use
Multifamily LT 5
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$368.1K
$322.1K – $429.5K
NOI $25,770 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$661.4K
$578.7K – $771.6K
NOI $46,295 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,765
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate floor plans include an enclosed front porch, an upstairs bonus area, and a two-level rear unit.
Where is this triplex located?
The property is located at 723 W 11th Street Medford, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three‑unit Craftsman property built in 1928; 2,740 square feet on a 0.17‑acre lot; Front residence has two bedrooms, a full bathroom, and an enclosed porch
