329 S Grape Street, Medford, OR 97501

Medford
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
329 S Grape Street,Medford, OR 97501
$895,000
  • - Beds
  • - Baths
  • 3,010 sq. ft.
  • Multi-family
  • Active
Listed by: christopher m knox
Office: landline real estate
MLS#:220219748
Source:OR_SOMLS

Price summary

  • Price:$895,000
  • Price per sq. ft.:$297.34

About this home

Rare multi-unit property offering flexibility, strong income, and modern updates. Situated on two tax lots zoned Commercial Service Provider, this property features five renovated units-ideal for continued long-term rentals, short-term lodging, or mixed-use possibilities. The first lot includes a 1,200-sq-ft, 3-bedroom, 1-bath home, while the 2nd. lot hosts four additional units: three studio apartments and one 1-bedroom apartment. Each unit has been completely refreshed with new HVAC systems, flooring, paint, cabinets and more, ensuring comfort and efficiency for tenants or guests. A shared laundry facility, alley access, and ample on-street parking add convenience and appeal. Currently fully rented and professionally managed, the property generates $6,495 per month in gross income, with the seller reporting a 7.5% cap rate. If you're seeking a turnkey investment or exploring short-term rental potential, this property delivers exceptional versatility and value. Upgrade list attached.

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Home facts

  • Listing ID #:220219748
  • Added:2 day(s) ago
  • Updated:April 23, 2026 at 02:45 PM

Rooms and interior

  • Flooring:Vinyl
  • Kitchen Description:Oven, Range, Refrigerator
  • Living area:3,010 sq. ft.

Heating and cooling

  • Cooling:Ductless, Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Roof:Composition
  • Building area:3,010 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Level
  • Construction Materials:Frame
  • Exterior Features:Courtyard
  • Foundation Description:Concrete Perimeter, Slab
  • Levels:1 Story, 2 Story

Schools

  • High school:South Medford High
  • Middle school:Oakdale Middle
  • Elementary school:Jefferson Elem

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$297.34
  • Tax amount:$5,012 (2025)

Features and amenities

  • Appliances:Oven, Range, Refrigerator, Washer, Water Heater

Parking

  • Parking description:Alley Access, Asphalt

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