1808 Spring StreetMedford, OR 97504
This fantastic investment opportunity features a total of 10 units--comprised of 8 stick-built homes plus a duplex--all situated on over 2 acres of commercially zoned land in East Medford. This unique property offers incredible potential for future development. Most units have been refreshed with modern updates, providing a sophisticated mix of stabilized income and untapped value-add upside. Each unit is individually metered for electricity, significantly enhancing management efficiency and tenant accountability. The property is perfectly located in a highly desirable area near parks, dining, and shopping, while still offering a sense of privacy with mature trees surrounding the grounds. With a 6.7% cap rate and long-term growth potential, this is an excellent opportunity for investors seeking a well-positioned, income-producing rental portfolio with scalability. The commercial zoning and large acreage make this a true standout for those looking to expand their real estate footprint.
- Property Type:
Residential Income
- Architectural Style:
Ranch
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
2.24 Acres
- Lot Description:
- Stories:
- Year Built:
1947
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Driveway
- Area:
- Views:
- Schools:
High School(s): South Medford High
Middle School(s): Hedrick Middle
Elementary School(s): Lone Pine Elem
- HOA:
- Senior Community:
- Heating:
Electric,Heat Pump
- Cooling:
Central Air,Heat Pump,Wall/Window Unit(s)
- Appliances:
Cooktop, Dishwasher, Oven, Refrigerator
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
Block,Pillar/Post/Pier,Other
- Roof:
Composition