309 Marie St - Multi-Family FOR SALE


Medford, OR 97504
$379,000 USD
541-944-9967
309 Marie St, Medford, OR for Sale
$379,000 USD
Multi-Family - FOR SALE
1/25
null | Request Cap Rate

309 Marie St
Medford, OR 97504


OVERVIEW

Merit Commercial Real Estate is pleased to exclusively present for sale 309-311 Marie Street, a clean and updated duplex located in beautiful Medford, Oregon (the "Property"). A rare public offering of a two-unit multifamily property in East Medford, the Property presents a great opportunity for owner-occupants to step into an established, income-producing asset in a mature neighborhood. Located on quiet Marie Street just off East Jackson Street, the Property offers an ideal central location with easy access to schools, shopping, services, and Providence Medical Center (less than one mile away), and is a short drive to the regional hub of Asante Rogue Regional Medical Center. The one-story duplex enjoys approximately ±1,618 SF and features two, 2-bedroom, 1-bathroom units, each being ±809 SF with in-unit laundry connections and a private covered carport, ideal for tenants or future owner-occupants alike. The Property is within walking distance of Hedrick Middle School, Roosevelt Elementary, and nearby amenities. Although near the busier East Jackson Street allowing the buyer to access all of Medford, the Property is buffered from noise and traffic by a light-use commercial property to the south. The rent roll shows material room on rents, with both tenants at below market rates. While unit 311 is currently occupied by one tenant, they are on a month-to-month tenancy potentially allowing for an ideal owner-occupant purchase (contact brokers). 309-311 Marie Street is an attractive opportunity to unlock value from both an established neighborhood and a proven sub-market. All parties should note that tenants may not be disturbed in any way - contact brokers for more information

FOR SALE DETAILS

PRICE

$379,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

2

PRICE/UNIT

$189,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

309 Marie Street

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

SFR-10

APN/PARCEL ID

10332277

ASK ABOUT THIS PROPERTY

Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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