Listing courtesy of Coldwell Banker Commercial Professional Group, agent Robert Jellesed
Data last updated June 2, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
residential multifamily in Butte Falls: three two-story buildings, ±6,200 SF on 0.43 acres, built 2002. All nine units occupied; Unit C3 (2BR/1BA, 900 SF) has been fully refurbished with new flooring, windows, paint, and appliances. Price per unit: $68,778. Approximately 47-48% of gross income is HUD Section 8 HAP -- a reliable rental income floor. All units separately metered electric. Owner pays water/sewer, garbage, and common-area utilities. Central air, forced-air electric heat, vinyl double-pane windows, private storage shed per unit, 18 parking spaces. Pro Forma Stabilized NOI ≈ $44,300 at current rent roll (7.16% cap at $619K); ≈ $55,600 with Unit C3 now leased (≈8.99% cap). Value-add upside on B1 and B2 at next turnover. Seller has secured updated insurance quotes from a carrier willing to underwrite at reasonable rates -- available on request. Butte Falls is ~30 miles from Medford; local property management options available.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $495,000 · $124,000 down · 30 year term
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