About This Home

This 2-bedroom, 1-bathroom single family at 849 Cherry Street in Medford, OR is listed for $349,000 ($454 per sqft). Built in 1936, the home offers 768 sqft of living space on a 0.86 acres lot.

Key Features

  • Built in 1936
  • 0.86 acre lot

Property Details

1 story
1 full
1936

Amenities

ViewA/C
Listing Description

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.

Monthly Cost Estimate

$1,867/mo

20% down · 6.5% · 30 years

Principal$252
Interest$1,512
Insurance$102

Estimates only. Actual payments may vary.

Location

849 Cherry Street

Medford, OR 97501

Property Details

Flooring

CarpetLaminateVinyl

Construction

Frame

Views

Territorial

Parking

CarportDriveway

Heating

Natural Gas

Cooling

Central Air

Appliances

Cooktop

Questions & Answers

This 2-bedroom, 1-bathroom single family at 849 Cherry Street is listed at $349,000 ($454/sqft). The estimated monthly payment is $1,867 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1936, 0.86 acre lot.

This property is listed by Jordan Kramer.

JK

Jordan Kramer

Agent at John L Scott

Listed by John L Scott · Broker phone: (541) 779-3611 · View on Broker Site · Broker website

MLS# 220220496· Source: Oregon Data Share· 185 days on PropertySimple

Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

849 Cherry Street, Medford, OR 97501

Open this listing in: