



Well-maintained triplex with recent updates and strong income potential. Property features two attached 1 bed/1 bath units and one detached 2 bed/1 bath unit, offering a versatile unit mix for tenants. Units 1 and 2 have been extensively refreshed with mini-splits, new interior paint, flooring and carpet, updated kitchen cabinets, countertops, sinks, lighting, and bathroom sink/plumbing improvements. All three units received a new roof in 2023, providing peace of mind for years to come. Separate gas and electric meters help simplify property management and tenant billing. Currently generating $39,120 in annual gross income. Under current operating performance, the property projects to a stabilized CAP Rate just under 8.86% based on trailing expense run-rate. A great opportunity for investors seeking a turnkey income-producing property with recent capital improvements already completed.
| Type | School name | District name |
|---|---|---|
| High | South Medford High | Not available |
| Elementary | Jackson Elem | Not available |
| Middle | McLoughlin Middle | Not available |
| Juniorhigh | McLoughlin Middle | Not available |
| Year | Tax amount | |
|---|---|---|
| 2026 | USD $1936 | NZD $3,481* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.
Email enquiry to John L Scott Real Estate Grants Pass
Property ID: 110108886063
Original Property ID: 3yd-ODOR-220223684