$355,000
1/53 BD · 2 BA · 1,635 SF · 0.07 AC
2398 Springbrook Road #5
Medford, OR 97504
#220228703 01 / 36
For sale Price cut $5K on Sep 16
$357,000
108 N Columbus Avenue
Medford, OR 97501 · Bryant Addition
- Baths
- 0
- Acres
- 0.11
- Built
- 1906
Est. $2,096/mo~220 min to downtown Bend (approx.)
Listing by John L Scott Real Estate Grants Pass · 541-476-1299
MLS# 220223684 · Active
01
About this home
Well-maintained triplex with recent updates and strong income potential. Property features two attached 1 bed/1 bath units and one detached 2 bed/1 bath unit, offering a versatile unit mix for tenants. Units 1 and 2 have been extensively refreshed with mini-splits, new interior paint, flooring and carpet, updated kitchen cabinets, countertops, sinks, lighting, and bathroom sink/plumbing improvements. All three units received a new roof in 2023, providing peace of mind for years to come. Separate gas and electric meters help simplify property management and tenant billing. Currently generating $39,120 in annual gross income. Under current operating performance, the property projects to a stabilized CAP Rate just under 8.86% based on trailing expense run-rate. A great opportunity for investors seeking a turnkey income-producing property with recent capital improvements already completed.
02
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03
Price history
Cut $5K| Date | Event | Price |
|---|---|---|
| Sep 16, 2026 | Price cut−$5,000 (1.4%) | $357,000 |
| Jun 17, 2026 | Listed for sale | $362,000 |
From the MLS: original list price and latest price change. 111 days on market.
04
Drive times
~220 min to downtown Bend- Mt. Bachelor~199 min · 168.1 mi
- Sunriver Village~200 min · 168.9 mi
- Old Mill District~219 min · 185.8 mi
- Downtown Bend~220 min · 186.7 mi
- St. Charles Bend~223 min · 189.4 mi
- Sisters~232 min · 197.1 mi
- Redmond Airport (RDM)~244 min · 207.3 mi
- Smith Rock State Park~254 min · 216.1 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 1906- Type
- Triplex
- Year built
- 1906
- Stories
- 1
- Lot
- 0.11 AC · 4,792 SF
- HOA
- None reported
- Taxes
- $1,886/yr
- Subdivision
- Bryant Addition
- County
- Jackson
- Days on market
- 111
- MLS #
- 220223684
- Interior
- Built-in Features · Ceiling Fan(s) · Laminate Counters · Shower/Tub Combo · Fiberglass Stall Shower
- Appliances
- Dryer · Range · Refrigerator · Washer · Water Heater
- Flooring
- Carpet · Laminate · Vinyl
- Heating
- Baseboard · Ductless · Natural Gas · Wall Furnace · Zoned
- Cooling
- Zoned · Ductless
- Parking
- Alley Access · On Street
- Lot
- Fenced · Level
- Construction
- Frame
- Roof
- Composition
06
Location & schools
Bryant Addition42.3250° N · 122.8899° 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
$2,096/mo$2,096/mo
$285,600 loan · 30 yr fixed · 6.5%
- Principal & interest
- $1,805
- Property tax (listing)
- $157
- Home insurance (est.)
- $134
20% · $71,400
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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#220224493Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 12:31 PM.
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