$395,000
1/53.03 AC · Residential Lots
3655 Aerial Heights Drive
Medford, OR 97504
#220226395 01 / 16
For sale Price cut $55K on Feb 4
$395,000
214 N Peach Street
Medford, OR 97501 · Olson Addition
- Baths
- 0
- Acres
- 0.14
- Built
- 1910
Est. $2,336/mo~220 min to downtown Bend (approx.)
Listing by eXp Realty, LLC · 888-814-9613
MLS# 220207679 · Active
01
About this home
INVESTORS, TAKE NOTICE! Potential assumable loan opportunity! This fully rented triplex in the heart of Medford offers immediate cash flow with $3,550 in monthly gross rental income. Featuring 2,124 sq ft of total living space on a 0.14-acre lot, this income-producing property includes three leased units, a shared fenced backyard, and off-street parking. Unit 1 is a 1-bedroom, 1-bath renting for $950/month with garbage, sewer, and water included. Unit 2 is a 2-bedroom, 1-bath renting for $1,200/month. Unit 3 is a 2-bedroom, 1-bath renting for $1,400/month with garbage, sewer, and water included. Originally built in 1910,this property blends classic character with established rental income and strong investment potential. Fully occupied and generating income from day one, this is an excellent opportunity to expand your portfolio or step into multifamily investing. Conveniently located near shopping, dining, and everyday amenities, adding even more appeal for current and future tenants.
02
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03
Price history
Cut $55K| Date | Event | Price |
|---|---|---|
| Feb 4, 2026 | Price cut−$55,000 (12.2%) | $395,000 |
| Aug 6, 2026 | Listed for sale | $450,000 |
From the MLS: original list price and latest price change. 61 days on market.
04
Drive times
~220 min to downtown Bend- Mt. Bachelor~199 min · 167.7 mi
- Sunriver Village~199 min · 168.4 mi
- Old Mill District~219 min · 185.4 mi
- Downtown Bend~220 min · 186.3 mi
- St. Charles Bend~223 min · 189 mi
- Sisters~232 min · 196.7 mi
- Redmond Airport (RDM)~243 min · 206.8 mi
- Smith Rock State Park~253 min · 215.7 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1910- Type
- Triplex
- Year built
- 1910
- Stories
- 1
- Lot
- 0.14 AC · 6,098 SF
- HOA
- None reported
- Taxes
- $2,290/yr
- Subdivision
- Olson Addition
- County
- Jackson
- Days on market
- 61
- MLS #
- 220207679
- Flooring
- Carpet · Laminate
- Heating
- Electric
- Parking
- Driveway · On Street
- View
- Neighborhood
- Lot
- Fenced
- Construction
- Frame
- Roof
- Composition
06
Location & schools
Olson Addition42.3273° N · 122.8827° W
Directions- Elementary
- Check with District
- Middle
- Check with District
- High
- Check with District
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$2,336/mo$2,336/mo
$316,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $1,997
- Property tax (listing)
- $191
- Home insurance (est.)
- $148
20% · $79,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220212289Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 4:31 PM.
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