Log In/Sign Up
Your email has been sent.
427-441 N Grape St 441 N Grape St 7 Unit Apartment Building $835,000 ($119,286/Unit) 8.40% Cap Rate 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. Total gross rents are $7,465 per month (includes the vacant unit - expected rent is $925 per month) and Cap Rate is 8.4%+ as well! Rent rolls can be provided upon request.
Property Facts
| Price | $835,000 | Property Subtype | Apartment |
| Price Per Unit | $119,286 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.40% | 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 |
| Zoning | MFR-20 - High density zoning that allows 20 units per acre. | ||
| Price | $835,000 |
| Price Per Unit | $119,286 |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| 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 - High density zoning that allows 20 units per acre. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,000 | - |
| Studios | 1 | $790.00 | - |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 10393384 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $326,480 |
Property Taxes
Parcel Number
10393384
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$326,480
1 of 53
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
427-441 N Grape St | 441 N Grape St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.