513 Alice St, Medford, OR 97501

Centrally Located 5-Unit Apartment - 513 Alice Street

Exclusively presented as sold — Welcome to 513 Alice Street

Centrally Located 5-Unit Apartment - 513 Alice Street
Property Details

Centrally Located 5-Unit Apartment

513 Alice Street - Welcome to 513 Alice Street, a five-unit apartment building centrally located in Medford, Oregon. A rare public offering of a five-plex, the property presents an extraordinary opportunity to step into an established, upgraded, income-producing asset in Medford! The property itself consists of five units, across one 2-story triplex and two standalone cottages on one tax lot.

While retaining much of its original character, the property has been extensively remodeled and updated throughout the years. All five units are currently occupied, with low turnover. Extensive renovations in the recent years have made this property a nearly turn-key investment for the buyer.

Sited on an efficient, easily accessible lot, the property enjoys a central location in Medford. The complex is a short drive downtown Medford, Lithia Motors headquarters, Northgate Marketplace,Medford Center, and many other schools, parks, and entertainment.

All of the stunning Rogue Valley is accessible with an easy drive, such as Crater Lake National Park, the Rogue River, and abundant recreational opportunities. Interstate 5 access is within a 2-mile drive. 513 Alice Street is an attractive opportunity to unlock significant value from both a desirable neighborhood and a proven, historically growing city.

Property Info

Price

$599,000

Property Type

Multifamily

Building SQ Feet

3,456

Lot Acres

0.32

Representation

Seller

Date Sold

9/10/2024