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Active
    • $1,699,000

    1808 Spring St, Medford, OR 97504

    --beds
    0baths
    6,086sqft
    : 
    Multi Family
    Built in 1947
    -- sqft lot
    $-- Zestimate®
    $279/sqft
    $-- HOA

    What's special

    This fantastic investment opportunity features a total of 10 units--comprised of 8 stick-built homes plus a duplex--all situated on over 2 acres of commercially zoned land in East Medford. This unique property offers incredible potential for future development. Most units have been refreshed with modern updates, providing a sophisticated mix of stabilized income and untapped value-add upside. Each unit is individually metered for electricity, significantly enhancing management efficiency and tenant accountability. The property is perfectly located in a highly desirable area near parks, dining, and shopping, while still offering a sense of privacy with mature trees surrounding the grounds. With a 6.7% cap rate and long-term growth potential, this is an excellent opportunity for investors seeking a well-positioned, income-producing rental portfolio with scalability. The commercial zoning and large acreage make this a true standout for those looking to expand their real estate footprint.
    20 days
    |
    470
    |
    11
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: March 24, 2026 at 11:12am

    Listed by:

    eXp Realty, LLC 888-814-9613

    Source: Oregon Datashare,MLS#: 220217466MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Electric, Heat Pump
      Cooling
      • Central Air, Heat Pump, Wall/Window Unit(s)
      Appliances
      • Included: Cooktop, Dishwasher, Oven, Refrigerator
      Features
      • Flooring: Carpet, Laminate, Vinyl
      • Windows: Aluminum Frames, Vinyl Frames
      • Basement: None
      • Has fireplace: No
      • Common walls with other units/homes: 1 Common Wall,No Common Walls
      Interior area
      • Total structure area: 6,086
      • Total interior livable area: 6,086 sqft

      Property

      Parking
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 2.24 Acres
      Details
      • Parcel number: 10341736
      • Zoning description: C-N
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Ranch
      • Property subtype: Multi Family
      Materials
      • Frame
      • Foundation: Block, Pillar/Post/Pier, Other
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1947

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Medford

      Financial & listing details

      • Price per square foot: $279/sqft
      • Annual tax amount: $11,299
      • Date on market: 3/19/2026
      • Cumulative days on market: 20 days
      • Listing terms: Cash,Conventional
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      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,621/mo

        Price history

        Price history
        DateEventPrice
        3/19/2026Listed for sale$1,699,000-2.9%$279/sqft
        Source: Oregon Datashare #220217466 Report a problem
        8/31/2024Listing removed$1,750,000$288/sqft
        Source: Oregon Datashare #220179650 Report a problem
        6/10/2024Price change$1,750,000-2.7%$288/sqft
        Source: Oregon Datashare #220179650 Report a problem
        4/2/2024Listed for sale$1,799,000-5.1%$296/sqft
        Source: Oregon Datashare #220179650 Report a problem
        8/29/2023Listing removed$1,895,000$311/sqft
        Source: Oregon Datashare #220160404 Report a problem
        6/5/2023Price change$1,895,000-2.8%$311/sqft
        Source: Oregon Datashare #220160404 Report a problem
        3/28/2023Price change$1,950,000-11.4%$320/sqft
        Source: Oregon Datashare #220160404 Report a problem
        3/10/2023Listed for sale$2,200,000$361/sqft
        Source: Oregon Datashare #220160404 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        Monthly payment

        Est. payment
        $9,486/mo
        Principal & interest
        $8424
        Property taxes
        $1062
        More affordability tools

          Climate risks

          Neighborhood: 97504

          Getting around

          13 / 100
          Car-Dependent
          14 / 100
          Minimal Transit
          45 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Lone Pine Elem
          • Middle: Hedrick 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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