Owner-Occupied 55+
New
For Sale
$179,000
737 Stevens Street, Medford, OR 97504
Residential, Medford, OR
Property Size927 SF
Lot Size3.15 Acres
Price / SF$193.10
Days on Market3
Property Features for 737 Stevens Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Mfr-30
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Gated, Carport
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Exterior features
Courtyard
Appliances
Dishwasher, Oven, Range, Refrigerator
Lot features
Garden, Landscaped, Level
View
Territorial
Elementary school
Wilson Elem
Middle school
Hedrick Middle
High school
North Medford High
Directions
Corner of Stevens and Royal. Best to park on Royal for access.
Standard status
Active
APN
10329986
Size
927 SF
Lot size
3.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
47565
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Water source
Public
Amenities
cabana
gas barbecue
picnic area
recreation room with library
heated community pool
on-site laundry facility
detached storage areas
Building Details
Year built
1962
Floors in Building
1
Flooring type
Vinyl, Hardwood
Building materials
Block, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Shelly Culbertson · License #201209590
(541) 941-9559
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 12:06AM
MLS# 220227367
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 927-square-foot residence is part of an owner-occupied 55+ community with no renters. The south-facing home includes hardwood and vinyl flooring, a private oversized patio, ceiling fans, forced-air electric heating, and a kitchen equipped with a dishwasher, oven, range, and refrigerator. The 1962 construction combines block and frame materials, with public water and sewer service.
Community amenities include a heated pool, cabana, gas barbecue area, picnic space, recreation room with library, gated carport parking, detached storage areas, and free on-site laundry. Exterior maintenance is handled through the community, while monthly fees include water, sewer, and property taxes. The property is across from Medford Village, with shopping, dining, entertainment, fitness centers, medical services, banks, and public transportation nearby.
Community amenities include a heated pool, cabana, gas barbecue area, picnic space, recreation room with library, gated carport parking, detached storage areas, and free on-site laundry. Exterior maintenance is handled through the community, while monthly fees include water, sewer, and property taxes. The property is across from Medford Village, with shopping, dining, entertainment, fitness centers, medical services, banks, and public transportation nearby.
Key Highlights
- 927‑square‑foot residence in a 55+ owner‑occupied community
- No renters permitted; residency is limited to owner occupants
- South‑facing unit with a private oversized patio
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
$8,718
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
4.87%
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%
$174,360
$174.4K
Cap Rate 7%
$124,543
$124.5K
Cap Rate 9%
$96,867
$96.9K
Market Conditions
NOI Build-Up for 927 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
$16.7K $18.00/SF
− Vacancy
−$834 −$0.90/SF
EGI
$15.9K $17.10/SF
− OpEx
−$7.1K −$7.69/SF
NOI
$8.7K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$174,360
Cap Rate 7%
$124,543
Cap Rate 9%
$96,867
Alternative Uses
Best Use
Apartment 5plus
$124.5K
$109.0K – $145.3K
NOI $8,718 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$223.8K
$195.8K – $261.1K
NOI $15,663 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,462
Businesses Nearby
Explore this area
Business Placement
Demographics for 97504, OR
49,942
Population
21,290
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
93%
High-School Grad
43.3 sq mi
ZIP Area
1,153
Density / Sq Mi
$81,233
Median Household Income
$43,744
Median Earnings
$1,387
Median Rent
$447,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - South-facing home with a private oversized patio, hardwood flooring, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 737 Stevens Street Medford, OR.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 927‑square‑foot residence in a 55+ owner‑occupied community; No renters permitted; residency is limited to owner occupants; South‑facing unit with a private oversized patio
