516 J St - Apartments FOR SALE


Medford, OR 97501
$1,100,000 USD
541-944-9967
516 J St, Medford, OR for Sale
$1,100,000 USD
Apartments - FOR SALE
1/30
null | 6.18% Cap Rate

516 J St
Medford, OR 97501


OVERVIEW

Martin Outdoor Property Group, in coordination with Merit Commercial Real Estate, is pleased to exclusively present for sale 516-520 J Street, a clean, newer-vintage 7-unit apartment complex located in Medford, Oregon (the "Property"). A rare public offering of a quintessential apartment complex producing strong income in Medford, the Property presents an opportunity for investors to step into an established asset in a mature neighborhood. Enjoying a great mix of large, townhome-style units, garages, parking, and private yards, the Property has also had significant recent updates and renovation. The property itself consists of three distinct buildings: two triplex buildings with 2-bed / 1.5-bath, 2-story units, and a third structure with 4 private garages and a walk-up 1-bed / 1-bath unit above. There are an additional 3 private garages adjoining the south triplex building, allowing each unit to enjoy a private enclosed garage included with their lease. Each townhome unit also enjoys a private fenced rear yard, providing outdoor space for each tenant. Sited on a level, centrally-located lot, the Property has two existing curb cuts, with 5 dedicated parking spaces but room for up to 8 vehicles in the parking lots, not including the garages. The surrounding neighborhood is a mix of owner-occupied residential, some commercial, and rentals, and is close 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 a handful of the tenants to be at below market rates. Recent capex spend is significant, with all new roofs in 2025, several interior renovations, and much more. 516-520 J Street is an attractive opportunity to unlock significant value from both an established neighborhood and a proven sub-market. Contact brokers for more info.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

7

PRICE/UNIT

$157,143

CAP RATE

6.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,181 SF

ZONING

C-S/P

APN/PARCEL ID

10373685

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.