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    2554 Stewart Ave Medford, OR 97501

    For Sale
    $850,000

    Prime location, high-density potential, existing structures.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 850,000 USD development opportunity in Medford, Oregon, presents a unique chance to build a substantial residential project. Located at 2554 W Stewart Ave, 97501, this land parcel is ideally situated adjacent to an existing residential area, offering immediate access to established infrastructure and amenities. The property's zoning allows for a high-density development, with the City of Medford indicating a potential for up to 93 housing units. A phased approach is feasible, with an initial phase focusing on approximately 10 single-family residential lots in the rear portion of the property. The existing house, which could generate rental income during the development process, offers additional potential for future development of an estimated 7 more lots in a second phase. The property boasts existing infrastructure including Medford Irrigation District water, a private well, and RVSS sewer service. Landscaping features include 13 fruit and nut trees, a chicken coop, greenhouse, shed, and a fenced garden area. A mature walnut tree is the centerpiece of a circular asphalt driveway, providing a charming country feel despite the property's convenient in-town location. The seller is open to financing options. This is a rare chance to acquire a highly desirable development site with significant upside potential.

    Property Features for 2554 Stewart Ave

    General Information

    Property type
    Land

    HighLights

    • $850,000 development opportunity in Medford, OR (97501) at 2554 W Stewart Ave.
    • High‑density zoning allows for 17‑93 residential units.
    • Seller financing available.
    • Existing house provides rental income potential during development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.90334924323
    Latitude
    42.312220897842

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    FAQs

    What type of property is this?
    Land - Prime location, high-density potential, existing structures.
    Where is this land located?
    The property is located at 2554 Stewart Ave Medford, OR.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 development opportunity in Medford, OR (97501) at 2554 W Stewart Ave.; High-density zoning allows for 17-93 residential units.; Seller financing available.
    Request Owner's contact information
    2554 Stewart Ave Medford, OR 97501
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    Medford, OR 97501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2554 Stewart Ave Medford, OR 97501
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