MLS# 23176415 – 1036 W 12th St, Medford, OR 97501 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Merit Commercial Real Estate, LLC..

Property Description

Description

2 Units

Status: Pending

Year Built: 1979

Days on Website: 208

Welcome to 1036 W 12th Street, located in a pleasant pocket of West Medford! The property presents the unique opportunity of two separate homes on one parcel without shared walls, as well as a vacant unit at closing. Well-located for the area, West 12th Street is a peaceful and established neighborhood in West Medford with old-growth tree-lined sidewalks and a nice mix of rentals and owner-occupied homes. Built in 1942 and 1979 (Units B & A, respectively), the units are both 2-bedroom / 1-bathroom layouts with efficient floorplans. Both units are well-maintained and have recent updates, with Unit B being freshly remodeled. The front unit (''A'') has a dedicated detached, 1-car garage, while the rear unit (''B'') has private alley-accessed parking. Overall, the property provides an exceptional opportunity, especially for an owner-occupant looking to enjoy additional income and subsidize your mortgage payment.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Built in 1979

Storage:

IndividualStorageUnits

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$7,560

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

WallFurnace

Income

CAP Rate:

3.74

Gross Income:

$21,600

Gross Rent Multiplier:

17.36

Net Operating Income:

$14,040

Listing

Contract Status Change Date:

2023-12-20

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-01-08 13:15:18

List Price:

$375,000

Listing Contract Date:

2023-10-05

Listing Id:

23176415

Mls Status:

Pending

Modification Timestamp:

2024-01-08 13:15:18

Off Market Date:

2023-12-20

On Market Date:

2023-10-05

Purchase Contract Date:

2023-12-20

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_802

County Or Parish:

Jackson

Lot

Features:

Level

Size Range:

SqFt5000to6999

Size:

5,000 to 6,999 SqFt

Parking

Features:

Detached,Open

Property

Number Of Units Total:

Property View

Zoning:

SFR-10

Schools

High School:

South Medford

Middle Or Junior School:

McLoughlin

Elementary School:

Washington

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,563

Legal Description

Tax Year:

2022

Unit One

Actual Rent:

$1,000

Area:

864

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Area:

768

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$375,000 -

1036 W 12th St Medford , OR 97501

MLS Area Major: _802

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 12:46AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.