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For sale Price cut $96K on Jun 23

$799,000

329 S Grape Street

Medford, OR 97501 · N/A

Baths
0
Acres
0.22
Est. $4,757/mo~220 min to downtown Bend (approx.)
Listing by Landline Real Estate · 541-899-7222

MLS# 220219748 · Active

01

About this home

Rare multi-unit property offering flexibility, strong income, and modern updates. Situated on two tax lots zoned Commercial Service Provider, this property features five renovated units-ideal for continued long-term rentals, short-term lodging, or mixed-use possibilities. The first lot includes a 1,200-sq-ft, 3-bedroom, 1-bath home, while the 2nd. lot hosts four additional units: three studio apartments and one 1-bedroom apartment. Each unit has been completely refreshed with new HVAC systems, flooring, paint, cabinets and more, ensuring comfort and efficiency for tenants or guests. A shared laundry facility, alley access, and ample on-street parking add convenience and appeal. Currently fully rented and professionally managed, the property generates $6,495 per month in gross income, with the seller reporting a 7.5% cap rate. If you're seeking a turnkey investment or exploring short-term rental potential, this property delivers exceptional versatility and value. Upgrade list attached.

02

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03

Price history

Cut $96K
04

Drive times

~220 min to downtown Bend
05

Facts & features

06

Location & schools

N/A
07

Monthly payment

$4,757/mo
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Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 11:31 AM.

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