Price cut $44K
$405,000
1/54 BD · 2 BA · 2,168 SF · 0.23 AC
2695 Merriman Road
Medford, OR 97501
#220223658 01 / 08
For sale Price cut $20K on Jun 14
$405,000
429 N Holly Street
Medford, OR 97501 · N/A
- Baths
- 0
- Acres
- 0.11
- Built
- 1926
Est. $2,408/mo~219 min to downtown Bend (approx.)
Listing by Millen Property Group · 541-301-3435
MLS# 220218682 · Active
01
About this home
Investor opportunity with owner-financing potential! This spacious two-bedroom ground-floor unit comes with four separate studios on the second floor, plus a large garage. While the property requires some renovations, it currently generates an impressive annual income of $48,900, with a net profit over $38,000 annually, based on existing rents and condition. Enjoy the benefits of 100% occupancy and low turnover rates. Current rents are $1470, $675, $660, $650 and $620. Seize this unique chance to own five rental units in one property! This property is non-conforming and will likely not qualify for traditional financing, but there is potential for owner financing (6.5% amortized over 40 years with balloon payments). Sold as-is.
02
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03
Price history
Cut $20K| Date | Event | Price |
|---|---|---|
| Jun 14, 2026 | Price cut−$20,000 (4.7%) | $405,000 |
| Apr 6, 2026 | Listed for sale | $425,000 |
From the MLS: original list price and latest price change. 183 days on market.
04
Drive times
~219 min to downtown Bend- Mt. Bachelor~198 min · 167.6 mi
- Sunriver Village~199 min · 168.3 mi
- Old Mill District~218 min · 185.2 mi
- Downtown Bend~219 min · 186.1 mi
- St. Charles Bend~223 min · 188.8 mi
- Sisters~231 min · 196.6 mi
- Redmond Airport (RDM)~243 min · 206.7 mi
- Smith Rock State Park~253 min · 215.5 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1926- Type
- Multi Family
- Year built
- 1926
- Lot
- 0.11 AC · 4,792 SF
- HOA
- None reported
- Taxes
- $2,499/yr
- Subdivision
- N/A
- County
- Jackson
- Days on market
- 183
- MLS #
- 220218682
- Flooring
- Carpet · Hardwood
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Parking
- Alley Access · Attached · On Street
- View
- Neighborhood
- Construction
- Frame
- Roof
- Composition
06
Location & schools
N/A42.3282° N · 122.8797° W
Directions- Elementary
- Jackson Elem
- Middle
- McLoughlin Middle
- High
- South Medford High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$2,408/mo$2,408/mo
$324,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $2,048
- Property tax (listing)
- $208
- Home insurance (est.)
- $152
20% · $81,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220218990Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 10:30 AM.
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