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427-441 N Grape St 441 N Grape St 7 Unit Apartment Building $875,000 ($125,000/Unit) Medford, OR 97501
INVESTMENT HIGHLIGHTS
- Close proximity to Downtown
- Metal roofing
- Majority of the units have been renovated in the last 5 years
- Back alley access
EXECUTIVE SUMMARY
Excellent opportunity to acquire two well-maintained, income-producing multi-family properties! Together, these investments offer a total of seven updated units—providing strong rental income, solid returns, and long-term growth potential. The duplex blends vintage character with thoughtful modern updates, featuring a spacious 3-bedroom, 2-bath lower unit with 1,230 sq. ft., washer/dryer hookups, multiple fenced outdoor areas, and a carport, plus a charming 2-bedroom, 1-bath upper unit with a covered deck. Both units have been fully refreshed with newer flooring, paint, cabinets, and vanities. The 5-plex includes four 1-bedroom, 1-bath units and a studio, all updated with new flooring and paint—upstairs units completed in 2025 and downstairs units within the past three years. The exterior boasts fresh paint, enhanced curb appeal, and two private fenced back areas. A turnkey portfolio ideal for investors seeking stable income and well-kept properties with continued upside potential.
PROPERTY FACTS
| Price | $875,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 4,488 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | MFR-20 | ||
| Price | $875,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,488 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | MFR-20 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1728 | $1,013 | - |
| Studios | 439 | $790.00 | - |
| 3+2 | 441 | $1,500 | - |
| 2+1 | 443 | $1,300 | - |
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 10393384 | Improvements Assessment | $233,410 |
| Land Assessment | $83,570 | Total Assessment | $316,980 |
PROPERTY TAXES
Parcel Number
10393384
Land Assessment
$83,570
Improvements Assessment
$233,410
Total Assessment
$316,980
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427-441 N Grape St | 441 N Grape St
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