Listing provided courtesy of eXp Realty, LLC- MLS# 220217466
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1808 Spring StreetMedford, OR 97504
Multi-Family · 6,086 Sq. ft. | 2.24 Acres$1,699,000
Active
1808 Spring Street Overview
- Time on Site:
- 102 days
- Visits:
- 3
This fantastic investment opportunity features a total of 10 units--comprised of 8 stick-built homes plus a duplex--all situated on over 2 acres of commercially zoned land in East Medford. This unique property offers incredible potential for future development. Most units have been refreshed with modern updates, providing a sophisticated mix of stabilized income and untapped value-add upside. Each unit is individually metered for electricity, significantly enhancing management efficiency and tenant accountability. The property is perfectly located in a highly desirable area near parks, dining, and shopping, while still offering a sense of privacy with mature trees surrounding the grounds. With a 6.7% cap rate and long-term growth potential, this is an excellent opportunity for investors seeking a well-positioned, income-producing rental portfolio with scalability. The commercial zoning and large acreage make this a true standout for those looking to expand their real estate footprint.
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1808 Spring Street Facts & Features
- Type Multi-Family
- Sq. ft. 6,086
- Price/Sq.ft. $279
- Lot 2.24 Acres
Details
General
Association/HOA
- Association: false
School Information
- Elementary School: Lone Pine Elem
- Middle Or Junior School: Hedrick Middle
- High School: South Medford High
Building Information
- New Construction: false
- Year Built: 1947
Location/Region
- County Or Parish: Jackson
- Subdivision Name: N/A
Tax Information
- Tax Annual Amount: 11299.8
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 10341736
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Special Listing Conditions: Standard
Interior
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Source: Assessor
- Building Area Total: 6086.0
General Information
- Appliances: Cooktop,Dishwasher,Oven,Refrigerator
- Basement: None
- Common Walls: 1 Common Wall,No Common Walls
- Flooring: Carpet,Laminate,Vinyl
- Foundation Details: Block,Pillar/Post/Pier,Other
- Levels: One
- Window Features: Aluminum Frames,Vinyl Frames
Exterior
Parking Information
- Parking Features: Driveway
Lot Information
- Additional Parcels: false
- Lot Size Acres: 2.24
- Lot Size Area: 2.24
- Lot Size Square Feet: 97574.4
- Lot Size Units: Acres
- Water Source: Public
Building Exterior/Construction
- Architectural Style: Ranch
- Attached Garage: false
- Construction Materials: Frame
- Roof: Composition
General Information
- Number Of Units Total: 10
- Sewer: Public Sewer
1808 Spring Street Neighborhood
Community
97504 (MEDFORD) Demographics
42
Median Age
1,028
Population Density (per sq. mile)
45%
College Educated
$62,219
Estimated Median Income
11,731
Estimated Total Home Owners
7,925
Estimated Total Renters
60% / 40%
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.1808 Spring Street Monthly Cost
1808 Spring Street Market Data
Based on the last 30 days in this zip code
$627,112
Average List Price
$280
Average Price per Square Foot
68
Properties Sold
82
Average Days on Market
330
Properties for Sale
1808 Spring Street History
| Date | Value | Agent |
|---|---|---|
| 3/19/2026Source: Oregon Datashare | March 19, 2026 |