Active

$1,699,000

1808 Spring St, Medford, OR 97504

--beds

0baths

6,086sqft

Est.: Get pre-qualified

Multi Family

Built in 1947

-- sqft lot

$-- Zestimate^®

$279/sqft

$-- HOA

What's special

This fantastic investment opportunity features a total of 10 units--comprised of 8 stick-built homes plus a duplex--all situated on over 2 acres of commercially zoned land in East Medford. This unique property offers incredible potential for future development. Most units have been refreshed with modern updates, providing a sophisticated mix of stabilized income and untapped value-add upside. Each unit is individually metered for electricity, significantly enhancing management efficiency and tenant accountability. The property is perfectly located in a highly desirable area near parks, dining, and shopping, while still offering a sense of privacy with mature trees surrounding the grounds. With a 6.7% cap rate and long-term growth potential, this is an excellent opportunity for investors seeking a well-positioned, income-producing rental portfolio with scalability. The commercial zoning and large acreage make this a true standout for those looking to expand their real estate footprint.

70 days

214

9

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Electric, Heat Pump

Cooling

Central Air, Heat Pump, Wall/Window Unit(s)

Appliances

Included: Cooktop, Dishwasher, Oven, Refrigerator

Features

Flooring: Carpet, Laminate, Vinyl
Windows: Aluminum Frames, Vinyl Frames
Basement: None
Has fireplace: No
Common walls with other units/homes: 1 Common Wall,No Common Walls

Interior area

Total structure area: 6,086
Total interior livable area: 6,086 sqft

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1

Lot

Size: 2.24 Acres

Details

Parcel number: 10341736
Zoning description: C-N
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Multi Family

Materials

Frame
Foundation: Block, Pillar/Post/Pier, Other
Roof: Composition

Condition

New construction: No
Year built: 1947

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Medford

Financial & listing details

Price per square foot: $279/sqft
Annual tax amount: $11,299
Date on market: 3/19/2026
Cumulative days on market: 70 days
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$1,831/mo

Price history

Date	Event	Price
3/19/2026	Listed for sale	$1,699,000-2.9%$279/sqft
Source: Oregon Datashare #220217466 Report a problem
8/31/2024	Listing removed	$1,750,000$288/sqft
Source: Oregon Datashare #220179650 Report a problem
6/10/2024	Price change	$1,750,000-2.7%$288/sqft
Source: Oregon Datashare #220179650 Report a problem
4/2/2024	Listed for sale	$1,799,000-5.1%$296/sqft
Source: Oregon Datashare #220179650 Report a problem
8/29/2023	Listing removed	$1,895,000$311/sqft
Source: Oregon Datashare #220160404 Report a problem
6/5/2023	Price change	$1,895,000-2.8%$311/sqft
Source: Oregon Datashare #220160404 Report a problem
3/28/2023	Price change	$1,950,000-11.4%$320/sqft
Source: Oregon Datashare #220160404 Report a problem
3/10/2023	Listed for sale	$2,200,000$361/sqft
Source: Oregon Datashare #220160404 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 97504

Getting around

13 / 100

Car-Dependent

14 / 100

Minimal Transit

45 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

7/10
Lone Pine Elementary School
Grades: K-5Distance: 0.8 mi
3/10
Hedrick Middle School
Grades: 6-8Distance: 0.6 mi
7/10
North Medford High School
Grades: 9-12Distance: 0.8 mi

Schools provided by the listing agent

Elementary: Lone Pine Elem
Middle: Hedrick Middle
High: South Medford High

Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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