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Colinwood CT 8 Plex 634 Colinwood ct 8 Unit Apartment Building $1,775,000 ($221,875/Unit) 7.81% Cap Rate Medford, OR 97501
INVESTMENT HIGHLIGHTS
- Location
- Low maintenance
EXECUTIVE SUMMARY
Premier Multi-Family Investment Opportunity! Welcome to this unique Cottage cluster. A recently built 8-plex offers a rare opportunity to own a turnkey, low-maintenance investment property in the heart of Medford, Oregon. Constructed in 2023, these modern, single-level residences are designed for maximum tenant appeal and long-term rental stability. Each of the eight 2-bedroom, 2-bathroom homes are thoughtfully designed with no common walls, providing a private and peaceful living experience. The high-quality finishes include granite countertops, laminate flooring, and in-unit laundry, ensuring strong tenant demand. The property is leased at $1,650 per unit, generating an impressive rental income around $158,400 annually. Estimated Annual Expenses are $20,567 (Includes water, sewer, trash, insurance, and property taxes) Net Operating Income (NOI): $137,833. Making a cap rate of: ~7.26%. This is an ideal property for investors seeking steady cash flow and appreciation potential.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,775,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $221,875 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 7.81% | Building Size | 23,000 SF |
| Gross Rent Multiplier | 11.9 | Average Occupancy | 90% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | ||
| Zoning | SFR6 | ||
| Price | $1,775,000 |
| Price Per Unit | $221,875 |
| Sale Type | Investment |
| Cap Rate | 7.81% |
| Gross Rent Multiplier | 11.9 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.52 AC |
| Building Size | 23,000 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 2023 |
| Zoning | SFR6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 8 | $1,650 | 900 |
1 1
PROPERTY TAXES
| Parcel Number | 11000324 | Total Assessment | $632,370 (2025) |
| Land Assessment | $50,120 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $582,250 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11000324
Land Assessment
$50,120 (2025)
Improvements Assessment
$582,250 (2025)
Total Assessment
$632,370 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Colinwood CT 8 Plex | 634 Colinwood ct
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