01 / 09

Pending

$349,000

849 Cherry Street

Medford, OR 97501 · N/A

Beds: 2
Baths: 1
Sq ft: 768
Acres: 0.86
Built: 1936
$/SF: $454

Est. $2,074/mo~221 min to downtown Bend (approx.)

Listing by John L. Scott Medford · 541-779-3611

MLS# 220220496 · Pending

About this home

Feel like you're living in the country on this rare .86 acre parcel in prime South Medford just off Stewart with high density development potential. Adorable 2 bedroom cottage features an open living and kitchen area, laminate flooring, central air, and vinyl windows. Detached carport with storage plus ample space for equipment, toys, trailers, and RV parking. Beautiful setting on a low traffic street, yet minutes to South Medford High School, parks, shopping, and dining. Property includes great tenant who would love to stay and are professionally managed, providing immediate income. Ideal for developers, builders, or investors seeking strong upside. Seller has conceptual plans for a 32 lot cottage cluster development with purchase of both lots and will provide them. Adjacent lot available. Buyer to verify all development details with the city. Possible owner carry.

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Price history

142 days, no changes

Date	Event	Price
May 17, 2026	Listed for sale	$349,000

From the MLS: original list price and latest price change. 142 days on market.

Drive times

~221 min to downtown Bend

Mt. Bachelor~200 min · 169 mi
Sunriver Village~201 min · 169.7 mi
Old Mill District~220 min · 186.6 mi
Downtown Bend~221 min · 187.5 mi
St. Charles Bend~224 min · 190.2 mi
Sisters~233 min · 198 mi
Redmond Airport (RDM)~244 min · 208.1 mi
Smith Rock State Park~254 min · 216.9 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.

Facts & features

Built 1936

Type: Single Family Residence
Year built: 1936
Stories: 1
Lot: 0.86 AC · 37,462 SF
Price / SF: $454
HOA: None reported
Taxes: $2,135/yr
Subdivision: N/A
County: Jackson
Days on market: 142
MLS #: 220220496

Appliances: Cooktop
Flooring: Carpet · Laminate · Vinyl
Heating: Natural Gas
Cooling: Central Air
Parking: Asphalt · Detached Carport · Driveway
View: Territorial
Lot: Level · Pasture · Fenced
Construction: Frame
Roof: Composition

Location & schools

N/A

42.3164° N · 122.8944° W

Directions

Assigned schools

Elementary: Oak Grove Elem
Middle: McLoughlin Middle
High: South Medford High

Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.

Monthly payment

$2,074/mo

$279,200 loan · 30 yr fixed · 6.5%

Principal & interest: $1,765
Property tax (listing): $178
Home insurance (est.): $131

Down payment20% · $69,800

Interest rate6.500%

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.

Price cut $79K

$349,000

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Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 4:31 PM.

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