$1,250,000

166 Reager St Medford, OR 97501

West Main Neighborhood

Estimated payment $7,018/month

10 Beds
8 Baths
5,966 Sq Ft
$210 Price per Sq Ft

Highlights

  • Territorial View
  • Window Unit Cooling System
  • Wood Siding
  • No HOA
  • Level Lot
  • Heating System Uses Gas

About This Home

Great offering - Investor Opportunity! Expansive 1.06-acre parcel with country rural feeling, right in the city! 8 single level units comprised of one triplex, two duplexes and a single wide manufactured home. Good numbers and good tenants. Well managed by owner over the past 26 years and many upgrades completed. New exterior paint for all of the multiplex units over the past 30 days. These units are clean with NO carpeting, all flooring is hardwood, laminate or vinyl. Nice interior spaces. End of the road location creates a private setting. Zoned SFR-OO, Check with city for additional development potential. 6.6% cap rate. One seller is a licensed Real Estate agent in Oregon.

Listing Agent

Patie Millen

Millen Property Group License #940200113 Listed on: 12/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,392

Year Built

  • Built in 1942

Lot Details

  • Level Lot

Home Design

  • Shingle Roof
  • Composition Roof
  • Membrane Roofing
  • Wood Siding
  • Metal Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,966 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Parking

  • 10 Parking Spaces
  • Driveway
  • Off-Street Parking

Schools

  • Oak Grove Elementary School
  • Mcloughlin Middle School
  • South Medford High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 10430309

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • West Medford Subdivision

Building Details

  • Operating Expense $32,578
  • Gross Income $112,092
  • Net Operating Income $81,513

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,392

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1942
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 1250000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bedrooms: 10
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: MetalSiding,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, PublicRoad
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition, Membrane, Shingle
  • View: Territorial

Garage/Parking

  • Parking Description: Driveway, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 10.0

Utilities

  • Fuel Description: Electricity,Gas
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Oak Grove
  • High School: South Medford
  • Middle Or Junior School: McLoughlin

Lot Info

  • Zoning: SFR-00
  • Parcel #: 10430309

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 5391.86

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 11.15
  • Annual Gross Income: 112092.0
  • Property Net Operating Income: 81513.0
  • Annual Operating Expense: 32578.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2025 12/22/25 For Sale $1,250,000 -- $210 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 183604484

Regional Multiple Listing Service (RMLS)
Oregon Jackson County Medford 97501 West Main

166 Reager St, Medford, OR

For Sale

MultiFamily

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Patie Millen
Listing Agent
Patie Millen
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Millen Property Group
(458) 254-3621