Listing provided courtesy of Coldwell Banker Commercial Professional Group- MLS# 220217327
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- 248 South St. - Butte Falls
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248 South Street #1 - 9Butte Falls, OR 97522
Commercial · 0.43 Acres$619,000
Pending
248 South Street #1 - 9 Overview
- Time on Site:
- 104 days
- Visits:
- 17
residential multifamily in Butte Falls: three two-story buildings, ±6,200 SF on 0.43 acres, built 2002. All nine units occupied; Unit C3 (2BR/1BA, 900 SF) has been fully refurbished with new flooring, windows, paint, and appliances. Price per unit: $68,778. Approximately 47-48% of gross income is HUD Section 8 HAP -- a reliable rental income floor. All units separately metered electric. Owner pays water/sewer, garbage, and common-area utilities. Central air, forced-air electric heat, vinyl double-pane windows, private storage shed per unit, 18 parking spaces. Pro Forma Stabilized NOI ≈ $44,300 at current rent roll (7.16% cap at $619K); ≈ $55,600 with Unit C3 now leased (≈8.99% cap). Value-add upside on B1 and B2 at next turnover. Seller has secured updated insurance quotes from a carrier willing to underwrite at reasonable rates -- available on request. Butte Falls is ~30 miles from Medford; local property management options available.
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248 South Street #1 - 9 Facts & Features
- Type Commercial
- Lot 0.43 Acres
Details
General
Building Information
- New Construction: false
- Year Built: 2000
Location/Region
- County Or Parish: Jackson
Rent/Lease Information
- Tenant Pays: Electricity,Janitorial Service,Repairs
Tax Information
- Tax Annual Amount: 8574.58
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 10705254
- Property Type: Commercial Sale
- Special Listing Conditions: Standard
Interior
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Source: Assessor
- Building Area Total: 0.43
General Information
- Common Walls: 2+ Common Walls
- Flooring: Carpet,Vinyl
- Foundation Details: Pillar/Post/Pier,Stemwall
- Levels: Two
- Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
- Window Features: Double Pane Windows,Vinyl Frames
Unit Information
- Unit Number: 1 - 9
Exterior
Parking Information
- Parking Features: No Garage,Shared Driveway
Lot Information
- Additional Parcels: false
- Lot Size Acres: 0.43
- Lot Size Area: 0.43
- Lot Size Square Feet: 18730.8
- Lot Size Units: Acres
- Water Source: Public
Building Exterior/Construction
- Attached Garage: false
- Construction Materials: Frame
- Roof: Composition
General Information
- Number Of Units Total: 9
- Sewer: Public Sewer
248 South Street #1 - 9 Neighborhood
Community
97522 (Butte Falls) Demographics
41
Median Age
7
Population Density (per sq. mile)
21%
College Educated
$40,833
Estimated Median Income
208
Estimated Total Home Owners
62
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.248 South Street #1 - 9 Monthly Cost
248 South Street #1 - 9 Market Data
Based on the last 30 days in this zip code
$399,500
Average List Price
$202
Average Price per Square Foot
1
Properties Sold
426
Average Days on Market
3
Properties for Sale
248 South Street #1 - 9 History
| Date | Value | Agent |
|---|---|---|
| 4/29/2026Source: Oregon Datashare | Pending |
|
| 4/21/2026Source: Oregon Datashare | $619,000 -1.0% |
|
| 3/18/2026Source: Oregon Datashare | March 18, 2026 |