42.316913 -122.893693
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Listed by eXp Realty LLC, Joshua R Berman.

MLS Source logo

634 Colinwood CourtMedford, OR 97501

Active
$1,850,000
0
0 SqFt

Premier Multi-Family Investment Opportunity! Welcome to this unique Cottage cluster. A recently built 8-plex offers a rare opportunity to own a turnkey, low-maintenance investment property in the heart of Medford, Oregon. Constructed in 2023, these modern, single-level residences are designed for maximum tenant appeal and long-term rental stability. Each of the eight 2-bedroom, 2-bathroom homes are thoughtfully designed with no common walls, providing a private and peaceful living experience. The high-quality finishes include granite countertops, laminate flooring, and in-unit laundry, ensuring strong tenant demand. The property is leased at $1,650 per unit, generating an impressive rental income around $158,400 annually. Estimated Annual Expenses are $20,567 (Includes water, sewer, trash, insurance, and property taxes) Net Operating Income (NOI): $137,833. Making a cap rate of: ~7.26%. This is an ideal property for investors seeking steady cash flow and appreciation potential.


FACTS & FEATURES

  • Property Type:
    Residential Income
  • Architectural Style:
    Contemporary
  • Bedrooms:
  • Bathrooms:
    0
  • Dwelling Size:
    0 SqFt
  • Lot Size:
    0.53 Acres
  • Lot Description:
  • Stories:
  • Year Built:
    2023
  • Interior Features:
    Granite Counters, Open Floorplan, Primary Downstairs, Walk-In Closet(s)
  • Exterior Features:
  • Parking:

    Garage or Parking Spaces:
    Features: On Street
  • Area:
  • Views:
    Territorial
  • Schools:
    High School(s): South Medford High
    Middle School(s): McLoughlin Middle
    Elementary School(s): Oak Grove Elem
  • HOA:
  • Senior Community:
  • Heating:
    Electric,Heat Pump
  • Cooling:
    Ductless,Heat Pump
  • Appliances:
    Dishwasher, Oven, Range, Water Heater
  • Fireplace:
    Fireplace(s):
    Features:
  • Accessibility:
  • Security Features:
    Carbon Monoxide Detector(s), Smoke Detector(s)
  • Foundation:
    Slab
  • Roof:
    Composition

LOCATION


REQUEST INFORMATION

Listing Office: eXp Realty LLC. Listing Agent: Joshua R Berman. Listing ID: 220197736

Last Updated April 22, 2025 6:47 PM
Data last checked against Oregon DataShare on April 24, 2025 9:55 PM

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