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329 S Grape Street, 
Medford, OR 97501

$895,000


Bed


Bath


3,010

Sq Ft


Multi-Family

Active

Listed by

Christopher M Knox

Landline Real Estate

541-899-7222

Last updated:

May 17, 2026, 02:26 PM

MLS#

220219748

Source:

OR SOMLS

About This Home

329 S Grape Street

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.

Home Facts

Multi-Family

Price Summary

895,000

$297 per Sq. Ft.

MLS #:

220219748

Last Updated:

May 17, 2026, 02:26 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

3,010 Sq. Ft.


Structure

Structure

Building Area:

3,010 Sq. Ft.


Lot

Lot Size (Sq. Ft):

9,583


Finances & Disclosures

Finances

Price:

$895,000

Price per Sq. Ft:

$297 per Sq. Ft.

Source:OR SOMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.