1036 W 12TH STMedford, OR97501

$375,000
2 total units
$21,600 annual income
Capitilization Rate: 3.74
SqFt5000to6999
Elementary School: Washington
Middle School: McLoughlin
High School: South Medford
Zoning: SFR-10
206 days on market
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Price per unit$187.5K/unit
Time on market206 days

Property Description

Welcome to 1036 W 12th Street, located in a pleasant pocket of West Medford! The property presents the unique opportunity of two separate homes on one parcel without shared walls, as well as a vacant unit at closing. Well-located for the area, West 12th Street is a peaceful and established neighborhood in West Medford with old-growth tree-lined sidewalks and a nice mix of rentals and owner-occupied homes. Built in 1942 and 1979 (Units B & A, respectively), the units are both 2-bedroom / 1-bathroom layouts with efficient floorplans. Both units are well-maintained and have recent updates, with Unit B being freshly remodeled. The front unit (''A'') has a dedicated detached, 1-car garage, while the rear unit (''B'') has private alley-accessed parking. Overall, the property provides an exceptional opportunity, especially for an owner-occupant looking to enjoy additional income and subsidize your mortgage payment.

{{ compliance-logo }}Listing Provided By Merit Commercial Real Estate, LLC.

Financial Data

Original Price$375,000
Current Price$375,000
Property Taxes$2,563

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Home Facts

StatusPending
Year Built1979
Exterior Features
MLS ID23176415

Unit Details

Unit 1
Unit 2