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Listing provided courtesy of Landline Real Estate- MLS# 220219748MLS Provider

329 S Grape StreetMedford, OR 97501

Multi-Family · 3,010 Sq. ft. | 0.22 Acres
$799,000 Active

329 S Grape Street Overview

Time on Site:
69 days
Visits:
0

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.

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329 S Grape Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,010
  • Price/Sq.ft. $265
  • Lot 0.22 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Jefferson Elem
  • Middle Or Junior School: Oakdale Middle
  • High School: South Medford High

Income/Expenses

  • Gross Income: 6495.0

Building Information

  • New Construction: false
  • Year Built: 0

Location/Region

  • County Or Parish: Jackson
  • Subdivision Name: N/A

Community/Development

  • Community Features: Short Term Rentals Allowed

Tax Information

  • Tax Annual Amount: 5012.21
  • Tax Year: 2025

General Information

  • Exclusions: Tenants Property
  • Listing Terms: Cash,Conventional
  • Parcel Number: 10372178
  • 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: 3010.0

General Information

  • Appliances: Dryer,Oven,Range,Refrigerator,Washer,Water Heater
  • Basement: None
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Foundation Details: Concrete Perimeter,Slab
  • Levels: One,Two
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Alley Access,Asphalt

Lot Information

  • Additional Parcels Description: 37 1W 30 CB TL 900 Lot size is both parcels combined.
  • Additional Parcels: true
  • Lot Features: Level
  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Square Feet: 9583.2
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: Territorial

Building Exterior/Construction

  • Architectural Style: Other
  • Attached Garage: false
  • Construction Materials: Frame
  • Roof: Composition

General Information

  • Exterior Features: Courtyard
  • Number Of Units Total: 5
  • Sewer: Public Sewer

329 S Grape Street Neighborhood

Community

97501 (Medford) Demographics

36
Median Age
887
Population Density (per sq. mile)
25%
College Educated
$48,865
Estimated Median Income
10,029
Estimated Total Home Owners
8,656
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

329 S Grape Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

329 S Grape Street Market Data

Based on the last 30 days in this zip code

$368,725
Average List Price
$241
Average Price per Square Foot
42
Properties Sold
113
Average Days on Market
263
Properties for Sale
Calculations provided by Reliance Network

329 S Grape Street History

Date Event Value Agent
6/23/2026Source: Oregon Datashare Price Reduction
$799,000 -5.9%
5/27/2026Source: Oregon Datashare Price Reduction
$849,000 -5.1%
4/21/2026Source: Oregon Datashare Added to Database
April 21, 2026
5/30/2025Source: Oregon Datashare Status Change
Closed
4/8/2025Source: Oregon Datashare Status Change
Pending
3/31/2025Source: Oregon Datashare Price Reduction
$449,900 -15.1%
3/31/2025Source: Oregon Datashare Status Change
Active
2/11/2025Source: Oregon Datashare Status Change
Pending
12/2/2024Source: Oregon Datashare Added to Database
December 02, 2024