NOT LISTED FOR SALE

245 N Grape St Medford, OR 97501

Downtown Medford Neighborhood
-- Bed
-- Bath
-- Sq Ft
1910 Built

Last Sold January 17, 2017

Last sale price $350,000

About This Home

As of January 2017

Great investment opportunity. Classic vintage Medford home that has been converted into (six) units. These units have been completely updated and remodeled over the past 3-4 years, including a new roof and exterior paint in 2015-2016. Unit mix includes: 2 bed/1 bath - $700/Mo., 1 bed/1 bath - $600/Mo., Studio - $550/Mo.,Studio - $525/Mo., Studio - $495/Mo.,Studio - $450/Mo. or $39,840 potential gross annual income. There are 4 units on lower level and 2 units on the 2nd floor. There are 2 off-street parking spaces off the alley at the rear, with additional parking on Grape Street. Shared laundry room with coin-up washer/dryer. Located in walking distance to the new Holly Theater and the newly revitalizing of the downtown area. This is a very clean professional managed 6-plex with a good rental history.

Last Agent to Sell the Property

Glen Thone

RE/MAX Integrity License #900200151 Listed on: 01/19/2017

RE/MAX Integrity

Last Buyer's Agent

Glen Thone

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,193

Year Built

  • Built in 1910

Home Design

  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property

Schools

  • Jackson Elementary School
  • Mcloughlin Middle School

Utilities

  • No Cooling
  • Wall Furnace

Listing and Financial Details

  • Exclusions: All tenants personal property
  • Assessor Parcel Number 10396827

Community Details

Overview

  • 6 Units

Building Details

  • Gross Income $37,705
  • Net Operating Income $26,601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,193

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Directions: Property is located on the corner of 4th and Grape Street.
  • Unit Levels: Two
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1910
  • Total Gross Income: 37704.89
  • Co List Office Phone: 541-770-3325
  • MLS Status: Closed
  • General Property Information:Zoning2: C-C
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Foundation Details PillarPostPier: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Foundation Details Slab: Yes
  • Special Features: None

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Block, Pillar/Post/Pier, Slab
  • Roof: Composition
  • Exclusions: All tenants personal property
  • Construction Materials:Frame: Yes

Utilities

  • Cooling: None
  • Heating: Electric, Wall Furnace, Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Electric2: Yes
  • Heating:Wall Furnace: Yes

Schools

  • Elementary School: Jackson Elem
  • Middle Or Junior School: McLoughlin Middle

Lot Info

  • Parcel #: 10396827
  • Zoning Description: C-C

Multi Family

  • Number Of Units Total: 6
  • Net Operating Income: 26600.5
  • Annual Operating Expense: 11104.39

Tax Info

  • Tax Annual Amount: 1193.44
  • Tax Year: 2015

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 Change Sq Ft Price
01/19/2017 01/19/17 For Sale $359,000 +2.6% --
01/17/2017 01/17/17 Sold $350,000 +586.3% --
08/30/2016 08/30/16 Pending -- -- --
06/15/2012 06/15/12 Sold $51,000 -26.1% --
02/03/2012 02/03/12 Pending -- -- --
10/26/2011 10/26/11 For Sale $69,000 -- --
Source: Oregon Datashare

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Glen Thone

    Seller's Agent in 2017

    Glen Thone

    RE/MAX

    (541) 944-5873

    1 in this area

    97 Total Sales

    Glen Thone
    Section Image

  • K

    Seller's Agent in 2012

    Kimi Fernandez

    RE/MAX

See All Agents

Map

Source: Oregon Datashare

MLS Number: 102972752

Oregon Datashare

Oregon Jackson County Medford 97501 Downtown Medford

245 N Grape St, Medford, OR

This home is located at 245 N Grape St, Medford, OR 97501 since 19 January 2017. This property was built in 1910. 245 N Grape St is a home located in Jackson County with nearby schools including Jackson Elementary School, McLoughlin Middle School, and South Medford High School.

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