849 Cherry Street, Medford, OR 97501 | MLS #220220496 | Cascade Hasson Sotheby’s International Realty

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Listing provided courtesy of John L. Scott MedfordMLS# 220220496MLS ProviderContact Information: 5418402992
  • 59 days on site
  • 1 views

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.

Source: Oregon Datashare, MLS#: 220220496

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  • Property Type
    Residential
  • Lot
    0.86 acres

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  • Median Age
    36
  • Population Density
    887
  • College Educated
    25%
  • Estimated Median Income
    $48,865
  • Estimated Total Home Owners
    10,029
  • Estimated Total Renters
    8,656
  • Owner / Renter Divide
    54% / 46%
  • Estimated Average Household Size
    2
  • Total Population
    47,160
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
5/18/2026Source: Oregon Datashare Status Change
Active
5/6/2026Source: Oregon Datashare Status Change
Pending
5/1/2026Source: Oregon Datashare Added to Database
May 01, 2026
8/7/2024Source: Oregon Datashare Status Change
Closed