Excellent Investment Opportunity with Strong Cap Rate! This centrally located 4-plex offers a desirable mix of unit types and recent upgrades, making it a turnkey addition to any investment portfolio. The property includes a stand-alone 2-bedroom, 1-bathroom single-family home with washer/dryer hookups, and a private backyard, ideal for attracting long-term tenants. Additionally, the attached triplex includes a 4-year-old roof and features two spacious 2-bedroom, 1-bath units and one well-maintained 1-bedroom, 1-bath unit. Majority of the units have been updated with newer flooring and paint while all units include newer energy-efficient windows and ductless mini-split systems. Current rents are $1,300, $1,150, $1,050, and $1,050. With strong rental appeal, low-maintenance improvements, and a convenient central location close to services and transit, this property is well-positioned to deliver reliable cash flow and long-term value!
Closed
$599,000
16 Hamilton St, Medford, OR 97501
7beds
3,055sqft
Quadruplex, Multi Family
Built in 1950
-- sqft lot
$599,800 Zestimate®
$196/sqft
$1,700 Estimated rent
Home value
$599,800
$546,000 - $660,000
$1,700/mo
Zestimate® history
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$3,623/mo
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Private backyardNewer energy-efficient windowsDuctless mini-split systemsNewer flooring
Zillow last checked:
Listing updated:
Listed by:
eXp Realty, LLC 888-814-9613
Bought with:
Patrick Iler Real Estate
Source: Oregon Datashare,MLS#: 220203641
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 2
Heating
- Ductless
Cooling
- Ductless, Wall/Window Unit(s)
Appliances
- Included: Range, Refrigerator
Features
- Flooring: Carpet, Hardwood, Laminate
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,055
- Total interior livable area: 3,055 sqft
Property
Parking
- Parking features: Attached Carport, Driveway, On Street
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.31 Acres
- Features: Corner Lot
Details
- Parcel number: 10403385
- Zoning description: C-S/P
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s)
- Subdivision: West Main Plaza
HOA
- Has HOA: No
Location
- Region: Medford
Financial & listing details
- Price per square foot: $196/sqft
- Tax assessed value: $514,170
- Annual tax amount: $4,066
- Date on market: 6/18/2025
- Cumulative days on market: 58 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2025 | Sold | $599,000-1.8%$196/sqft |
Source:  Oregon Datashare #220203641 Report a problem | ||
| 8/12/2025 | Pending sale | $610,000$200/sqft |
Source: Oregon Datashare #220203641 Report a problem | ||
| 8/7/2025 | Contingent | $610,000$200/sqft |
Source: Oregon Datashare #220203641 Report a problem | ||
| 6/18/2025 | Listed for sale | $610,000$200/sqft |
Source: Oregon Datashare #220203641 Report a problem | ||
| 6/13/2025 | Pending sale | $610,000$200/sqft |
Source: Oregon Datashare #220203641 Report a problem | ||
| 6/10/2025 | Listed for sale | $610,000+130.2%$200/sqft |
Source: Oregon Datashare #220203641 Report a problem | ||
| 4/6/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/28/2024 | Listed for rent | $1,300 |
Source: Zillow Rentals Report a problem | ||
| 5/29/2008 | Sold | $265,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,067 +3.2% | $272,250 +3% |
| 2023 | $3,942 +2.5% | $264,330 |
| 2022 | $3,846 +2.7% | $264,330 +3% |
| 2021 | $3,747 +2.2% | $256,640 +6.1% |
| 2020 | $3,668 +2.4% | $241,920 +3% |
| 2019 | $3,581 | $234,880 +3% |
| 2018 | $3,581 +2.6% | $228,040 |
| 2017 | $3,489 +1.8% | $228,040 +6.1% |
| 2016 | $3,426 -0.2% | $214,960 +20% |
| 2015 | $3,433 +19.4% | $179,120 +7.9% |
| 2014 | $2,876 +31% | $165,970 +18.7% |
| 2013 | $2,195 +12% | $139,780 +9% |
| 2012 | $1,959 -9.7% | $128,240 -8% |
| 2011 | $2,171 -35.1% | $139,380 -33.6% |
| 2008 | $3,344 +3.9% | $209,930 +3% |
| 2007 | $3,219 +15.8% | $203,820 +6.1% |
| 2005 | $2,780 +2.1% | $192,130 +3% |
| 2004 | $2,722 +2.4% | $186,540 +3% |
| 2003 | $2,658 | $181,110 |
Find assessor info on the county website
Neighborhood: 97501
Nearby homes
- $--2 bd1 ba1k sqft16 Hamilton St #1, Medford, OR 97501Off Market
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- $--2 bd1 ba780 sqft2 Hamilton St, Medford, OR 97501Off Market
- $280,4003 bd1 ba1k sqft20 Hamilton St, Medford, OR 97501Off Market
- $--2 bd1 ba800 sqft20 Hamilton St #1, Medford, OR 97501Off Market
- $197,5003 bd2 ba1.1k sqft1215 W Main St APT C, Medford, OR 97501Sold
- $184,2002 bd2 ba960 sqft1215 W Main St, Medford, OR 97501Off Market
Nearby schools
GreatSchools rating
- 4/10Washington Elementary SchoolGrades: K-5Distance: 0.5 mi
- 4/10Oakdale Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10South Medford High SchoolGrades: 9-12Distance: 1.3 mi
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- Oregon
- Jackson County
- Medford
- 97501
- 16 Hamilton St
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