Skip to content
01 / 45
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

Ask about this home

AI

Ask about this home

AI answers are off right now. Text Cody the question and get a straight answer, usually within the hour.

Is there an HOA or any CC&Rs?Is the primary bedroom on the main level?What are the yearly property taxes?

AI answer from 541 Home Sales using listing data, not from the MLS. It can be wrong. Verify anything that matters with Cody before you rely on it.

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
More

Similar homes in Medford

Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 1:01 PM.

© 2025 Oregon Data Share. All rights reserved. The content relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Oregon Data Share. Listings held by brokerage firms other than 541 Home Sales are marked with the Oregon Data Share logo, and detailed information about these properties includes the name of the listing firm and the email address or phone number provided by the listing participant. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.

Tour Text Cody