403 W 12th Street, Medford, OR 97501

8-Unit Apartment Complex - 403 W 12th Street

Stabilized apartment complex in central Medford

8-Unit Apartment Complex - 403 W 12th Street
Property Details

Competitively Priced 8-Unit Apt Complex

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.

Property Info

Price

$999,000

Property Type

Multifamily

Building SQ Feet

6,108

Lot Acres

0.34

Representation

Seller

Date Sold