1808 Spring St - Apartments FOR SALE


Medford, OR 97504
$1,699,000 USD
1808 Spring St, Medford, OR for Sale
$1,699,000 USD
Apartments - FOR SALE
1/50
null | Request Cap Rate

1808 Spring St
Medford, OR 97504


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

9

PRICE/UNIT

$188,778

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

C-N

APN/PARCEL ID

10341736

ASK ABOUT THIS PROPERTY

Jake RockwellRockwell Group | eXp Realty, LLCMore Info

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Jake RockwellRockwell Group | eXp Realty, LLCMore Info

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