1221 Skeeters Ln - Apartments FOR SALE


Medford, OR 97504
$5,500,000 USD
503-200-2058
1221 Skeeters Ln, Medford, OR for Sale
$5,500,000 USD
Apartments - FOR SALE
1/13
null | 5.7% Cap Rate

1221 Skeeters Ln
Medford, OR 97504


HIGHLIGHTS

  • Flexible Exit Strategy: With individual tax lots and condominium status in place, future owners can explore a range of exit strategies.
  • Strong Tenant Demand for Single-Level Living: PineHurst offers a product rarely replicated in today’s multifamily market: large, single-story homes.
  • Separately metered utilities, resident-paid trash, and self-contained homes mean reduced maintenance obligation and lean expenses.
  • Strategic Location: Medford continues to attract population growth driven by its affordability, healthcare employment base, and desirable lifestyle.

OVERVIEW

Tucked into the heart of Medford’s residential corridor, PineHurst Village Estates offers a rare blend of private community living and investment flexibility. This impeccably maintained property, located at 1221 Skeeters Lane, is composed of 19 spacious, single-level condominiums—each situated on individual tax lots. Originally built in 1998, the community was designed with long-term ownership in mind, yet it offers the unique potential for individual resale, condominium conversion, or phased disposition—an investor’s dream in today’s yield-driven environment. The floorplans are generous and thoughtfully laid out, comprising eight (8) two-bedroom/ two-bathroom units and eleven (11) three-bedroom/two-bathroom homes. Vaulted ceilings, private fenced backyards, covered patios, two-car garages, full-size laundry hookups, and central air conditioning elevate the living experience. Each home is individually metered for water, sewer, and electric, with tenants also covering their own trash service—keeping operational costs low and predictable for ownership. Set behind a single entrance and surrounded by manicured landscaping, wide internal streets, and manicured sidewalks, PineHurst Village Estates offers the serenity of a private enclave, yet remains deeply connected to all that Southern Oregon has to offer. For residents, convenience is paramount. Providence Medical Center is just minutes away, and top-rated schools, major retailers like Safeway, entertainment at The Village at Medford Center, and regional employers are all easily accessible. The property also serves as a perfect jumping-off point to explore the Rogue Valley’s world-class wine country, hiking trails, and year-round recreation. As buildable land tightens and single-level product remains scarce, PineHurst Village Estates presents a durable investment anchored by quality construction, stable tenancy, and the ability to pivot with market trends. As buildable land tightens and single-level product remains scarce, PineHurst Village Estates presents a durable investment anchored by quality construction, stable tenancy, and the ability to pivot with market trends.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

19

PRICE/UNIT

$289,474

CAP RATE

5.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Hurst Village Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

PARKING SPACES

19

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

SFR-10

APN/PARCEL ID

10883821,10904930,10904948,10904954,10904962,10904971,10904989,10904997,10905016,10905024,10905032,10905041,10905057,10905065,10905073,10905081,10905090,10905105

ASK ABOUT THIS PROPERTY

Georgie Christensen-RileyMarcus & MillichapMore Info
503-200-2058

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Georgie Christensen-RileyMarcus & MillichapMore Info
503-200-2058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.