1808 Spring Street, Medford, OR 97504

• 6,086 sqft

Property Description

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.

Listing Status:

Active

Date Added:

March 19, 2026

Data Last Updated:

April 4, 2026 at 10:41PM

Listing Office:

eXp Realty, LLC : 888-814-9613

MLS ID:

220217466

Interior

• Appliances: CooktopDishwasherOvenRefrigerator
• Basement: None
• Flooring: CarpetLaminateVinyl
• A/C: Central AirHeat PumpWall/Window Unit(s)
• Heating: ElectricHeat Pump

Exterior

• Style: Ranch
• Parking: Driveway

Construction

• Roofing: Composition
• Windows: Aluminum FramesVinyl Frames
• General: FrameOneBlockOtherPillar/Post/Pier

Location

• County: Jackson

Lot

• Zoning: 10341736

Utilities

• Water: Public
• Sewer: Public Sewer