3306 South Pacific Highway, Medford, OR 97501
$8,360,000
Property Type:
Residential Income
Square Footage:
64,250
Lot Size (sq. ft.):
354,143
Status:
Closed
Current Price:
$8,360,000
List Date:
6/25/2021
Last Modified:
5/27/2026
Overview
Description
Listing Details MLS# 220125786
General Property Information
- Property Sub Type
- Multi Family
- Building Area Total
- 64250
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 89
- Year Built
- 1964
- Short Term Rental Permit YN
- Yes
- New Construction YN
- No
- Elementary School
- Orchard Hill Elem
- Middle Or Junior School
- Talent Middle
- High School
- Phoenix High
- Zoning
- UR-30
- Tax Annual Amount
- 66198
- Tax Year
- 2020
- Potential Tax Liability YN
- No
- Assessment YN
- No
- CC&R's YN
- No
- Association YN
- No
- Preferred Escrow Company & Officer
- Ticor Title - Kim Ayres
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Appliances:
Dishwasher; Disposal; Oven; Range; Refrigerator; Water Heater
Architectural Style:
Traditional
Basement:
None
Common Walls:
2+ Common Walls
Construction Materials:
Frame
Cooling:
Wall/Window Unit(s)
Flooring:
Carpet; Laminate; Simulated Wood
Foundation Details:
Concrete Perimeter; Slab
Heating:
Ductless; Heat Pump; Radiant
Interior Features:
Ceiling Fan(s); Laminate Counters; Stone Counters
Levels:
One; Two
Roof:
Composition
Security Features:
Carbon Monoxide Detector(s); Smoke Detector(s)
Unit 1 Rent Includes:
Garbage; Landscaping; Sewer; Water
Window Features:
Double Pane Windows; Vinyl Frames
Additional Features:
Laundry Facility; Manager's Quarters; Separate Electric Meters
Easements:
Access
Exterior Features:
Courtyard
Utilities:
Electricity Connected
Flood:
N/A
Lot Features:
Garden; Landscaped; Level
Parking Features:
Asphalt; Assigned; Attached; Attached Carport; Detached Carport; Parking Lot; Storage
Pool Features:
Outdoor Pool
Road Frontage Type:
Private Access
Road Surface Type:
Paved
Sewer:
Public Sewer
Water Source:
Public
Documents on File:
Profit and Loss Statement; Rental Agreement; Schedule E; Schedule of Tenants
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 3306
- Street Name
- South Pacific Highway
- County
- Jackson
- State
- OR
- Postal Code
- 97501
- Subdivision Name
- N/A
Contract Information
- Original List Price
- 6717000
- List Price per SqFt
- 104.54
- Listing Contract Date
- 2021-06-25
Remarks and Miscellaneous
- Public Remarks
- A very well maintained 89 unit complex. 56- 1 bedroom 1 bath flats, 16- 2 bedroom 1 bath flats, 12- 1 bedroom 1.5 bath lofts, 3- 2 bedroom, 1.5 bath townhouses, 1 bedroom shower studio, 1- 2 bedroom 1 bath/ den. Original design included units facing a common yard area. There is an office, rec room and pool. Total parking 145 spaces, 36 assigned double car garages, 18 assigned double carports, 18 assigned individual carports, 18 open parking spaces and 1 handicap. Based on a recent survey, total rents are at least 10% under market due to the regulations surrounding Covid. the average length of tenant occupancy for the entire project is 7 years.
Status Change Information
- Close Date
- 2021-08-20
- Under Contract Date
- 2021-06-30
- Status Change Timestamp
- 2021-08-21
- Close Price
- 8360000
- Sold Price per SqFt
- 130.12
More Information
Unit 1
- Unit #
- 89
Unit 5 or More
- Unit List Attached
- Yes
Parking Details
- # of Garages
- 36
- # of Carports
- 1818
- # of Other Parking
- 19
Income and Expenses (Annual Amounts)
- Gross Income
- 820914
- Number of Units Leased
- 89
- Operating Expense
- 438040
- Net Operating Income
- 382874
- Cap Rate
- 5.7
Location, Tax, and Legal
- Zip +4
- 8754
- Cross Street
- E. South Stage Road
- Section
- Not Applicable
- Parcel Number
- 10020170
- Tax Map Number
- 38 1W 05 D
- Tax Lot
- 3500
- Lot Size Acres
- 8.13
- Lot Size Square Feet
- 354143
- Additional Parcels YN
- No
Additional Features
- Laundry Facility
- Yes
- Manager's Quarters
- Yes
- Separate Electric Meters
- Yes
Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Oven
- Yes
- Range
- Yes
- Refrigerator
- Yes
- Water Heater
- Yes
Basement
- None
- Yes
Architectural Style
- Traditional
- Yes
Common Walls
- 2+ Common Walls
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
Easements
- Access
- Yes
Construction Materials
- Frame
- Yes
Flooring
- Carpet
- Yes
- Laminate
- Yes
- Simulated Wood
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Foundation Details
- Concrete Perimeter
- Yes
- Slab
- Yes
Flood
- N/A
- Yes
Heating
- Ductless
- Yes
- Heat Pump
- Yes
- Radiant
- Yes
Inclusions/Exclusions
- Inclusions
- Refrigerators and range/ovens
- Exclusions
- tenants personal property
Interior Features
- Ceiling Fan(s)
- Yes
- Laminate Counters
- Yes
- Stone Counters
- Yes
Levels
- One
- Yes
- Two
- Yes
Lot Features
- Garden
- Yes
- Landscaped
- Yes
- Level
- Yes
Roof
- Composition
- Yes
Security Features
- Carbon Monoxide Detector(s)
- Yes
- Smoke Detector(s)
- Yes
Window Features
- Double Pane Windows
- Yes
- Vinyl Frames
- Yes
Unit 1 Rent Includes
- Garbage
- Yes
- Landscaping
- Yes
- Sewer
- Yes
- Water
- Yes
Road Frontage Type
- Private Access
- Yes
Road Surface Type
- Paved
- Yes
Exterior Features
- Courtyard
- Yes
Parking Features
- Asphalt
- Yes
- Assigned
- Yes
- Attached
- Yes
- Attached Carport
- Yes
- Detached Carport
- Yes
- Parking Lot
- Yes
- Storage
- Yes
Pool Features
- Outdoor Pool
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Electricity Connected
- Yes
Water Source
- Public
- Yes
Documents on File
- Profit and Loss Statement
- Yes
- Rental Agreement
- Yes
- Schedule E
- Yes
- Schedule of Tenants
- Yes
Special Listing Conditions
- Standard
- Yes
Physical Property Details ›
Listing Office:
Oregon Opportunities Real Estate
Last Updated: May - 27 - 2026
Broker Attribution:
info@OROP.COM
Information deemed reliable but not guaranteed.