329 S Grape St Medford, OR 97501
Medford AreaEstimated payment $4,772/month
Highlights
- Territorial View
- Ductless Heating Or Cooling System
- Level Lot
- No HOA
- Courtyard
- Vinyl Flooring
About This Home
Rare multi-unit property offering flexibility, strong income, and modern updates. Situated on two tax lots zoned Commercial Service Provider, this property features five renovated units-ideal for continued long-term rentals, short-term lodging, or mixed-use possibilities. The first lot includes a 1,200-sq-ft, 3-bedroom, 1-bath home, while the 2nd. lot hosts four additional units: three studio apartments and one 1-bedroom apartment. Each unit has been completely refreshed with new HVAC systems, flooring, paint, cabinets and more, ensuring comfort and efficiency for tenants or guests. A shared laundry facility, alley access, and ample on-street parking add convenience and appeal. Currently fully rented and professionally managed, the property generates $6,495 per month in gross income, with the seller reporting a 7.5% cap rate. If you're seeking a turnkey investment or exploring short-term rental potential, this property delivers exceptional versatility and value. Upgrade list attached.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,012
Lot Details
- 9,583 Sq Ft Lot
- 1 Common Wall
- Level Lot
- Additional Parcels
Parking
- Alley Access
Home Design
- Slab Foundation
- Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Vinyl Flooring
- Territorial Views
Kitchen
- Oven
- Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Courtyard
Schools
- Jefferson Elementary School
- Oakdale Middle School
- South Medford High School
Utilities
- Ductless Heating Or Cooling System
- Heat Pump System
- Water Heater
Listing and Financial Details
- Exclusions: Tenants Property
- Tax Lot 800
- Assessor Parcel Number 10372178
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- Gross Income $6,495
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $1,947 | $135,390 | ||
| 2025 | $2,361 | $131,450 | $75,650 | $55,800 |
| 2024 | $2,361 | $127,630 | $73,450 | $54,180 |
| 2023 | $2,267 | $123,920 | $71,320 | $52,600 |
| 2022 | $2,219 | $123,920 | $71,320 | $52,600 |
| 2021 | $2,155 | $120,320 | $69,240 | $51,080 |
| 2020 | $1,719 | $116,820 | $67,220 | $49,600 |
| 2019 | $1,759 | $110,120 | $63,360 | $46,760 |
| 2018 | $1,984 | $106,920 | $61,510 | $45,410 |
| 2017 | $1,917 | $106,920 | $61,510 | $45,410 |
| 2016 | $1,736 | $100,790 | $57,980 | $42,810 |
| 2015 | $1,554 | $100,790 | $57,980 | $42,810 |
| 2014 | $1,527 | $95,010 | $54,660 | $40,350 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/23/2026 06/23/26 | Price Changed | $799,000 | -5.9% | $265 / Sq Ft | |
| 05/27/2026 05/27/26 | Price Changed | $849,000 | -5.1% | $282 / Sq Ft | |
| 04/21/2026 04/21/26 | For Sale | $895,000 | +175.4% | $297 / Sq Ft | |
| 05/30/2025 05/30/25 | Sold | $325,000 | -27.8% | $108 / Sq Ft | View Prior Sale |
| 04/08/2025 04/08/25 | Pending | -- | -- | -- | |
| 03/31/2025 03/31/25 | Price Changed | $449,900 | 0.0% | $149 / Sq Ft | |
| 03/31/2025 03/31/25 | For Sale | $449,900 | -15.1% | $149 / Sq Ft | |
| 02/11/2025 02/11/25 | Pending | -- | -- | -- | |
| 12/02/2024 12/02/24 | For Sale | $529,900 | -- | $176 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | First American Title | |
| Warranty Deed | $290,000 | First American | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $72,500 | None Available | |
| Warranty Deed | $61,625 | Nextitle |
Source: Oregon Datashare
MLS Number: 220219748
APN: 10372178
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© 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.
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