Central Oregon Homes, Land & Acreage for Sale

2707 Springbrook Road, 1800, Medford, OR 97504

$2,400,000

Property Type: Land Lot Size (sq. ft.): 342,382 Status: Closed

Current Price: $2,400,000 List Date: 2/11/2025 Last Modified: 2/10/2026

Overview

Description

Rare opportunity for a builder to acquire a high-density multi-family development located within an infill location in one of the most desirable parts of Medford. Entitlements have been completed and approved for a 168 unit apartment complex. Property is situated next to a public park and Kennedy Elementary School, offering convenient access to both recreational and educational facilities, ensuring a desirable living environment close to essential amenities. There is a significant undersupply of housing within the Rouge Valley which will further enhance the end value. No comparable opportunities are available in terms of size and location. This is the last parcel available in this area. Contact listing broker for all questions and a complete info package.

Listing Details MLS# 220189167

General Property Information

Property Sub Type: Residential Lots
Elementary School: Kennedy Elem
Middle Or Junior School: Hedrick Middle
High School: North Medford High
Zoning: MFR-20
Tax Annual Amount: 17422
Tax Year: 2023
Irrigation Water Rights YN: No
CC&R's YN: Yes
Association YN: No
Senior Community YN: No
Horse Property YN: No
Manufactured Structure Allowed YN: No
FIRPTA YN: No
Sign On Property YN: Yes
Garage YN: No

Property Features

Current Use: Vacant Fencing: Perimeter Flood: Unknown Lot Features: Corner Lot; Level Soil Type: Mixed Power Production: None Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Phone Available; Other Water Source: Public Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number: 2707
Street Name: Springbrook
Street Suffix: Road
County: Jackson
State: OR
Postal Code: 97504
Subdivision Name: N/A

Contract Information

Original List Price: 3600000
List Price per Acre: 458015.27
Listing Contract Date: 2024-08-30

Remarks and Miscellaneous

Public Remarks: Rare opportunity for a builder to acquire a high-density multi-family development located within an infill location in one of the most desirable parts of Medford. Entitlements have been completed and approved for a 168 unit apartment complex. Property is situated next to a public park and Kennedy Elementary School, offering convenient access to both recreational and educational facilities, ensuring a desirable living environment close to essential amenities. There is a significant undersupply of housing within the Rouge Valley which will further enhance the end value. No comparable opportunities are available in terms of size and location. This is the last parcel available in this area. Contact listing broker for all questions and a complete info package.
Directions: Head either north or south on Springbrook Rd. Turn left or right depending on the direction of travel onto Bell qt. Parcel will be on your left.

Status Change Information

Close Date: 2025-03-31
Under Contract Date: 2025-03-06
Status Change Timestamp: 2025-04-01
Close Price: 2400000
Sold Price per Acre: 305343.51

More Information

Listing Office: RE/MAX Platinum

Last Updated: February - 10 - 2026

Information deemed reliable but not guaranteed.