516 J St, Medford, OR 97501

Caspian Hoehne of Merit Commercial Real Estate, in partnership with Martin Outdoor Property Group of John L. Scott Real Estate, represented the seller in the sale of 516 J Street. The Property featured a 1990s-built 7-unit apartment complex, totaling ±6,838 SF with two, 2-story triplex buildings with (6) 2-bed / 1.5-bath townhome style units, each with a private fenced yard, as well as three private enclosed garages. 

The Challenge: Before taking the asset to market, the Merit team spent significant time organizing financials, years of capex spend, and determining pricing to account for both the newer build date as well as minor issues. The broad financing market and softening multifamily market (especially for assets over 5 units requiring commercial lending terms), there were significant positioning challenges that required strategic pre-exit work.

Merit's Process: The asset provided a good starting point, with several recent updates, strong income, and great unit mix and layouts. Merit’s process allowed each highlight to be properly marketed with the opportunity made clear for buyers. The Merit team focused on the overall condition and proven sub-market when marketing the Property, and quickly identified multiple potential buyers, and successfully sold the asset in a straightforward transaction.

The Result: The transaction closed on 12/09/2025 for $935,000 after 65 days on the market. Once the first escrow was terminated due to buyer issues, Merit immediately had the property under contract again at a higher price, and closed soon after.