403 W 12th St - Apartments FOR SALE


Medford, OR 97501
$999,000 USD
541-944-9967
403 W 12th St, Medford, OR for Sale
$999,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

403 W 12th St
Medford, OR 97501


OVERVIEW

The Martin Outdoor Property Group, in coordination with Merit Commercial Real Estate, is pleased to exclusively present for sale 403 W 12th Street, a clean, 8-unit apartment complex located in Medford, Oregon (the "Property"). A rare public offering of a straight-forward newer-vintage apartment complex producing exceptional income in Medford, the Property presents an opportunity for investors to step into an established asset in a mature neighborhood. The property itself consists of four distinct buildings - a fourplex, 2 duplexes, and a large detached garage - sited on the corner of West 12th Street and South Ivy Street. The fourplex (units 510-516), fronting S. Ivy Street, is comprised of (4) 2-bed / 1.5-bath townhouse-style units, with approximately 960 SF each. Facing W. 12th Street, the 403-405 duplex is an exceptionally clean single-level duplex, with (2) 2-bed / 1.0-bath units, private attached garages, and private yards. The 405A-405B duplex, while smaller, enjoys a convenient layout with a 1-bedroom unit and studio, both with consistent rental history. Finally, the standalone garage features 4 bays (not currently demised), and is leased independently to a local contractor until early 2026. A new owner could convert this building to 4 private garages serving the fourplex building. While sited on the corner lot, the property is within a quieter, mature neighborhood, and is walking distance to Alba Park, Sacred Heart Catholic School, and Oakdale Middle. Located in a near-perfectly central location, the Property is a short drive to all that Medford has to offer. The rent roll shows room on rents, with a handful of the tenants at below market rates. 403 W. 12th Street is an attractive opportunity to unlock significant value from both an established neighborhood and a proven sub-market.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

8

PRICE/UNIT

$124,875

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

MFR-20

APN/PARCEL ID

10373588

ASK ABOUT THIS PROPERTY

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.

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.