1808 Spring Street, Medford, OR 97504

Medford
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1808 Spring Street,Medford, OR 97504
$1,699,000
  • - Beds
  • - Baths
  • 6,086 sq. ft.
  • Multi-family
  • Active
Listed by: rockwell group, jacob rockwell
Office: exp realty, llc.
MLS#:220217466
Source:OR_SOMLS

Price summary

  • Price:$1,699,000
  • Price per sq. ft.:$279.17

About this home

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.

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Home facts

  • Year built:1947
  • Listing ID #:220217466
  • Added:53 day(s) ago
  • Updated:May 12, 2026 at 02:25 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl
  • Kitchen Description:Cooktop, Dishwasher, Oven, Refrigerator
  • Living area:6,086 sq. ft.

Heating and cooling

  • Cooling:Central Air, Heat Pump, Wall/Window Unit(s)
  • Heating:Electric, Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1947
  • Building area:6,086 sq. ft.
  • Lot area:2.24 Acres
  • Architectural Style:Ranch
  • Construction Materials:Frame
  • Foundation Description:Block, Pillar/Post/Pier
  • Levels:1 Story

Schools

  • High school:South Medford High
  • Middle school:Hedrick Middle
  • Elementary school:Lone Pine Elem

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,699,000
  • Price per sq. ft.:$279.17
  • Tax amount:$11,300 (2025)

Features and amenities

  • Appliances:Cooktop, Dishwasher, Oven, Refrigerator

Parking

  • Parking description:Driveway

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