www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26460660
26460661

1221 Skeeters Ln, Medford, OR 97504

Marcus & Millichap - Portland
JR
OR OR 201237753
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland
$5,395,000
290 days on market
Updated 38 days ago

PineHurst Village Estates | 19 Units | 1998 Construction

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 25,072
Net Rentable (SqFt) 24,826
Units 19
Cap Rate 6.02%
NOI $324,655
Occupancy 100%
Pro-Forma Cap Rate 6.14%
Pro-Forma NOI $335,100
Price per SqFt $215
Class B
Year Built 1998
Stories 1
Acreage 2.010
Investment Type Stabilized
Occupancy Date 01/28/2026
Ownership Fee Simple

6.02% Cap Rate | 1998 Construction | Individually Metered

Marketing description

Tucked into the heart of Medford’s residential corridor, PineHurst Village Estates offers a rare blend of private community living and investment flexibility. This impeccably maintained property,located at 1221 Skeeters Lane, is composed of 19 spacious, single-level condominiums—eachsituated on individual tax lots. Originally built in 1998, the community was designed with long-term ownership in mind, yet it offers the unique potential for individual resale, condominium conversion, or phased disposition—an investor’s dream in today’s yield-driven environment.

The floorplans are generous and thoughtfully laid out, comprising eight (8) two-bedroom/ two-bathroom units and eleven (11) three-bedroom/two-bathroom homes. Vaulted ceilings, private fenced backyards, covered patios, two-car garages, full-size laundry hookups, and central air conditioning elevate the living experience. Each home is individually metered for water, sewer, and electric, with tenants also covering their own trash service—keeping operational costs low and predictable for ownership.

Set behind a single entrance and surrounded by manicured landscaping, wide internal streets, and manicured sidewalks, PineHurst Village Estates offers the serenity of a private enclave, yet remains deeply connected to all that Southern Oregon has to offer.

For residents, convenience is paramount. Providence Medical Center is just minutes away, and top-rated schools, major retailers like Safeway, entertainment at The Village at Medford Center, and regional employers are all easily accessible. The property also serves as a perfect jumping-off point to explore the Rogue Valley’s world-class wine country, hiking trails, and year-round recreation.

As buildable land tightens and single-level product remains scarce, PineHurst Village Estates presents a durable investment anchored by quality construction, stable tenancy, and the ability to pivot with market trends. As buildable land tightens and single-level product remains scarce, PineHurst Village Estates presents a durable investment anchored by quality construction, stable tenancy, and the ability to pivot with market trends.

Investment highlights

- Flexible Exit Strategy: With individual tax lots and condominium status in place, future owners can explore a range of strategies—from traditional multifamily hold to condo resales or value-add upgrades and staged disposition.

- Strong Tenant Demand for Single-Level Living: PineHurst offers a product rarely replicated in today’s multifamily market: large, single-story homes with garages and private yards—an ideal fit for retirees, families, and long-term renters alike.

- Efficient, Low-Maintenance Operations: Separately metered utilities, resident-paid trash, and self-contained homes mean reduced maintenance obligations and lean expense ratios.

- Strategic Location in a Growth Market: Medford continues to attract population growth driven by its affordability, healthcare employment base, and desirable lifestyle. Investors benefit from a lower cost basis and higher cap rates relative to more urbanized metros, without sacrificing long-term demand fundamentals.

Listing Contacts

Marcus & Millichap - Portland
JR
OR OR 201237753
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$324,655.00
$27,054.58/mo

Valuation Metrics

0
DSCR
6.02%
Cap Rate
6.02%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Georgie Christensen-Riley
License
201253912
Name
Joshua Reynolds
License
OR 201237753
Brokerage
Marcus & Millichap
Title
Apartment Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591