Two-Home Duplex with Detached
New
For Sale
$385,000
842 W 13th St, Medford, OR 97501
Two independent residences offer distinct street and alley access, with a private garage assigned to one home.
Property Size1,664 SF
Lot Size0.16 Acres
Price / SF$231.37
Days on Market4
Property Features for 842 W 13th St
General Information
Standard status
Active
Size
1,664 SF
Lot size
0.16 Acres
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
Keller Williams Realty Southern Oregon
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Oct 7
Last Checked: Oct 9 at 7:23PM
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 Keller Williams Realty Southern Oregon
Investment Insights
Based on property information with market context.
This duplex comprises two detached 2-bedroom, 2-bathroom homes on a 0.16-acre parcel, plus a detached single-car garage. The 864-square-foot residence has undergone recent updates to its kitchen, flooring, lighting, and finishes; it is vacant. The second home measures 800 square feet and is occupied under a month-to-month lease.
The homes have separate access points: one from West 13th Street and the other from the alley. The alley-accessed home has a paved driveway with two parking spaces. Garbage, water, and sewer are provided by the landlord, while the tenant pays for electricity and internet. The property was built in 1930.
The homes have separate access points: one from West 13th Street and the other from the alley. The alley-accessed home has a paved driveway with two parking spaces. Garbage, water, and sewer are provided by the landlord, while the tenant pays for electricity and internet. The property was built in 1930.
Key Highlights
- Two detached 2‑bedroom, 2‑bathroom homes on a 0.16‑acre parcel
- 864‑square‑foot home with recent kitchen, flooring, lighting, and finish updates; currently vacant
- 800‑square‑foot home occupied under a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,832
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,640
$356.6K
Cap Rate 7%
$254,743
$254.7K
Cap Rate 9%
$198,133
$198.1K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$27.0K $16.20/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$25.5K $15.31/SF
− OpEx
−$7.6K −$4.59/SF
NOI
$17.8K $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%
$356,640
Cap Rate 7%
$254,743
Cap Rate 9%
$198,133
Alternative Uses
Best Use
Multifamily LT 5
$254.7K
$222.9K – $297.2K
NOI $17,832 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$223.6K
$195.6K – $260.8K
NOI $15,650 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$401.6K
$351.4K – $468.6K
NOI $28,115 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,569
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences offer distinct street and alley access, with a private garage assigned to one home.
Where is this duplex located?
The property is located at 842 W 13th St Medford, OR.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two detached 2‑bedroom, 2‑bathroom homes on a 0.16‑acre parcel; 864‑square‑foot home with recent kitchen, flooring, lighting, and finish updates; currently vacant; 800‑square‑foot home occupied under a month‑to‑month lease
