Active

$799,000

329 S Grape St, Medford, OR 97501

3beds

3,010sqft

$5,674/mo

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Multi Family

Built in ----

-- sqft lot

$778,200 Zestimate^®

$265/sqft

$-- HOA

What's special

New hvac systemsRenovated unitsAmple on-street parkingAlley access

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.

171 days
82
3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4
Full bathrooms: 2

Heating

Heat Pump

Cooling

Ductless, Heat Pump

Appliances

Included: Dryer, Oven, Range, Refrigerator, Washer, Water Heater

Features

Flooring: Vinyl
Basement: None
Has fireplace: No
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 3,010
Total interior livable area: 3,010 sqft

Property

Parking

Parking features: Alley Access, Asphalt

Features

Levels: One,Two
Stories: 2
Exterior features: Courtyard
Has view: Yes
View description: Territorial

Lot

Size: 9,583 Square Feet
Features: Level

Details

Additional parcels included: 37 1W 30 CB TL 900 Lot size is both parcels combined.
Parcel number: 10372178
Zoning description: C-S/P
Special conditions: Standard

Construction

Type & style

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

Materials

Frame
Foundation: Concrete Perimeter, Slab
Roof: Composition

Condition

New construction: No

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Short Term Rentals Allowed
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

HOA

Has HOA: No

Location

Region: Medford

Financial & listing details

Price per square foot: $265/sqft
Tax assessed value: $241,290
Annual tax amount: $5,012
Date on market: 4/21/2026
Cumulative days on market: 171 days
Listing terms: Cash,Conventional
Exclusions: Tenants Property
Road surface type: Paved

Estimated market value

$778,200

$739,000 - $817,000

$1,613/mo

Price history

Date	Event	Price
6/23/2026	Price change	$799,000-5.9%$265/sqft
Source: Oregon Datashare #220219748 Report a problem
5/27/2026	Price change	$849,000-5.1%$282/sqft
Source: Oregon Datashare #220219748 Report a problem
4/21/2026	Listed for sale	$895,000+175.4%$297/sqft
Source: Oregon Datashare #220219748 Report a problem
5/30/2025	Sold	$325,000-27.8%$108/sqft
Source: Oregon Datashare #220193218 Report a problem
4/8/2025	Pending sale	$449,900$149/sqft
Source: Oregon Datashare #220193218 Report a problem
3/31/2025	Price change	$449,900-15.1%$149/sqft
Source: Oregon Datashare #220193218 Report a problem
2/12/2025	Pending sale	$529,900$176/sqft
Source: Oregon Datashare #220193218 Report a problem
12/2/2024	Listed for sale	$529,900+82.7%$176/sqft
Source: Oregon Datashare #220193218 Report a problem
11/2/2015	Sold	$290,000+300%$96/sqft
Source: Public Record Report a problem
11/6/2013	Sold	$72,500+17.6%$24/sqft
Source: Public Record Report a problem
3/20/2012	Sold	$61,625$20/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,361 +4.2%	$127,630 +3%
2023	$2,267 +2.2%	$123,920
2022	$2,219 +3%	$123,920 +3%
2021	$2,155 +25.3%	$120,320 +6.1%
2020	$1,719 -2.3%	$113,420 +3%
2019	$1,759	$110,120 +3%
2018	$1,759 -11.3%	$106,920
2017	$1,984 +3.5%	$106,920 +6.1%
2016	$1,917 +10.4%	$100,790
2015	$1,736 +11.7%	$100,790 +6.1%
2014	$1,554 +19.1%	$95,010 +14.4%
2013	$1,305 +5.9%	$83,030 +3%
2012	$1,231 -11.4%	$80,600 -9.7%
2011	$1,390 -4.8%	$89,260 -3.2%
2010	$1,459 +2.7%	$92,250 +3%
2009	$1,421 +2.5%	$89,570 +3%
2008	$1,385 +3.9%	$86,970 +3%
2007	$1,333 +11.9%	$84,440 +3%
2006	$1,192 +21.7%	$81,990 +21.1%
2005	$979 +2.1%	$67,690 +3%
2004	$959 +2.4%	$65,730 +3%
2003	$937	$63,820

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 97501

Getting around

91 / 100

Walker's Paradise

40 / 100

Some Transit

93 / 100

Biker's Paradise

Nearby schools

GreatSchools rating

4/10
Jefferson Elementary School
Grades: K-5Distance: 0.9 mi
4/10
Oakdale Middle School
Grades: 6-8Distance: 0.4 mi
6/10
South Medford High School
Grades: 9-12Distance: 1.6 mi

Schools provided by the listing agent

Elementary: Jefferson Elem
Middle: Oakdale 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.