Active

Price cut: $50K (6/23)

$799,000

329 S Grape St, Medford, OR 97501

3beds

3,010sqft

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Multi Family

Built in ----

-- sqft lot

$779,100 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.

68 days

116

3

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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: 69 days
Listing terms: Cash,Conventional
Exclusions: Tenants Property
Road surface type: Paved

Estimated market value

$779,100

$740,000 - $818,000

$1,671/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

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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: 97501

Getting around

40 / 100

Some Transit

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.

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