Active

$1,639,000

38 Lewis Ave, Medford, OR 97501

4beds

0baths

5,960sqft

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Multi Family

Built in 1995

-- sqft lot

$1,563,300 Zestimate^®

$275/sqft

$-- HOA

What's special

Fantastic Investment Opportunity - Two Fully Rented Medford 4-Plexes! Don't miss this rare chance to own two well-maintained 4-plexes in a convenient Medford location. Just minutes from local parks, shopping, restaurants, and public transit, these properties offer strong rental history and immediate cash flow. Each complex features 4 spacious units, all currently occupied by long-term tenants. Excellent potential for investors looking to expand their portfolio with reliable income-producing properties. Priced to sell - schedule your showing today!

344 days

52

2

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 0

Heating

Electric

Cooling

Central Air

Appliances

Included: Disposal, Oven, Range, Refrigerator

Features

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

Interior area

Total structure area: 5,960
Total interior livable area: 5,960 sqft

Property

Parking

Parking features: Parking Lot

Features

Levels: Two
Stories: 2

Lot

Size: 2,178 Square Feet

Details

Additional parcels included: Tax Acc #10431997
Parcel number: 10856631
Zoning description: Mfr-30
Special conditions: Standard

Construction

Type & style

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

Materials

Frame
Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 1995

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Medford

Financial & listing details

Price per square foot: $275/sqft
Tax assessed value: $703,890
Annual tax amount: $4,903
Date on market: 2/2/2026
Cumulative days on market: 344 days
Listing terms: Cash,Conventional
Road surface type: Paved

Estimated market value

$1,563,300

$1.49M - $1.64M

$1,602/mo

Price history

Date	Event	Price
7/28/2025	Listed for sale	$1,639,000$275/sqft
Source: Oregon Datashare #220206677 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,904 +3.2%	$328,270 +3%
2023	$4,753 +2.5%	$318,710
2022	$4,637 +2.7%	$318,710 +3%
2021	$4,517 +2.2%	$309,430 +6.1%
2020	$4,422 +2.4%	$291,670 +3%
2019	$4,317	$283,180 +3%
2018	$4,317 +2.6%	$274,940
2017	$4,207 +1.8%	$274,940 +6.1%
2016	$4,131 -0.7%	$259,170
2015	$4,158 +4%	$259,170 +6.1%
2014	$3,997 +7.3%	$244,310 +3%
2013	$3,726 +11%	$237,200 +8%
2012	$3,355 -5.7%	$219,610 -3.9%
2011	$3,558 +3.4%	$228,470 +4.4%
2010	$3,440 -6.1%	$218,740 -5.3%
2009	$3,662 +2.5%	$230,900 +3%
2008	$3,571 +3.9%	$224,180 +3%
2007	$3,437 +11.9%	$217,660 +3%
2006	$3,072 +3.5%	$211,330 +3%
2005	$2,969 +2.1%	$205,180 +3%
2004	$2,907 +2.4%	$199,210 +3%
2003	$2,838	$193,410

Find assessor info on the county website

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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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