403 W 12th Street, Medford, OR 97501

Caspian Hoehne of Merit Commercial Real Estate, in partnership with the Martin Outdoor Property Group of John L Scott Real Estate, represented the seller in the sale of 403 W 12th Street, Medford, OR 97501. The Property consisted of four buildings on one parcel with diverse unit mixes totaling 8 units.

The Property: At the time of the sale, the property was fully occupied, making it an established income-producing property. All four buildings totaled to ±6,108 SF and were built in 1965. The unit mix included (4) 2b/1.5-bath; (2)2b/1-bath; (1) 1b/1-bath; and one studio. 

The Challenge: The asset’s older age, complex unit mix, urban infill location, as well as the broad market at the time provided for obstacles. 

‍Merit's Process: From the very start, our focus was on the reality of the assignment. What is the realistic value, what needs to be done, and who will buy this? The Merit team concentrated its marketing efforts to highlight the long-standing tenancy, superb condition of the buildings, and the strong going-in cashflow. The goal was to reach investors searching for a multifamily asset within southern Oregon where value could be captured through the existing income and minor operational improvements.

‍The Result: Caspian Hoehne of Merit Commercial Real Estate and Ashley Lacer of Martin Outdoor Property Group represented the seller. The transaction closed on 08/26/2025 for $916,000 after 19 days on the market.