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.
Active
Price cut: $50K (6/23)
$799,000
329 S Grape St, Medford, OR 97501
3beds
3,010sqft
Multi Family
Built in ----
-- sqft lot
$779,000 Zestimate®
$265/sqft
$-- HOA
What's special
New hvac systemsRenovated unitsAmple on-street parkingAlley access
- 123 days |
- 87 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Landline Real Estate 541-899-7222
Source: Oregon Datashare,MLS#: 220219748
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: 123 days
- Listing terms: Cash,Conventional
- Exclusions: Tenants Property
- Road surface type: Paved
Estimated market value
$779,000
$740,000 - $818,000
$1,568/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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97501
Nearby schools
GreatSchools rating
- 4/10Jefferson Elementary SchoolGrades: K-5Distance: 0.9 mi
- 4/10Oakdale Middle SchoolGrades: 6-8Distance: 0.4 mi
- 6/10South Medford High SchoolGrades: 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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