Concrete & Steel Construction
Centralized Heating and Cooling
Freshly painted common areas, with new carpeting and upgraded lighting
The Medford Plaza Apartments, located at 235 South Oakdale Avenue in Medford, Oregon 97501, is for sale by Russ Dale Properties.
This 7-story building with 50 apartments and three cell towers occupies a premier location in downtown Medford, surrounded by the City Hall, the City Hall Annex, the Justice Center, the new Medford Police Department, the Jackson County Health Care Department, and the County Court House. It is a short walking distance to the Rogue Valley Public Transit station, hosts more than 40 on-site parking spaces for residents and includes an additional parking lot and municipal parking across the street. Alba City Park is only a short walk and there is an on-site private park.
Built in 1952, The Medford Plaza has only had two owners in its history. Russ Dale Properties has owned the building for the last 30+ years. Mr. Dale has built many homes, commercial buildings, hospitals, and was a partner of the Northgate Shopping Center in central Medford. He has always taken a great deal of pride of ownership by not allowing any deferred maintenance to diminish the value of The Medford Plaza.
The Medford Plaza was designed by Don Byers, an innovative architect known for his cross-shaped buildings that provides natural light to most apartments from three sides, providing warm and inviting living environments. The Medford Plaza is on the Historic Register because of its classic integration of Art Deco-Modern themes and benfits from reduced property taxes. Construction is all low-maintenaince cement and steel, has a very simple centralized water transport heating and cooling system, is very inexpensive to operate, and is in excellent condition.
When first constructed, The Medford Plaza was the only building in Southern Oregon that offered privacy, prestige, security and safety in a premier location. With an recently-upgraded video security system and key-locked doors to all outside areas, unauthorized access is almost impossible, and the residents greatly appreciate our concern for their safety and privacy. No in-room smoking, vaping, or marijuana is allowed.
Recent upgrades include: A new high definition video surveillance system that is monitered from the front office, in all common areas, new carpeting, new LED lighting and high-illumination paint in all common areas. With many long-time residents who demonstate “pride of home,” incidents that are common at garden style apartments are minimal at The Medford Plaza.
The Medford Plaza has consistently operated at 100% occupancy with a long list of prequalified applicants in waiting. With a desireable location and lower-than-market month-to-month rental rates, apartment vacancy times are limited to cleaning and renovation. Performing thorough turnovers by staff and long-term outside vendors is an art form that includes assessment, kitchen upgrades, paint, plumbing and floor covering.
Mr. Dale refers to the Medford Plaza as the “Queen of Diversified Cash Flow” due to its 50 apartments, three rentable enclosed garages, a storage building and three long-term cell tower leases. Inspite of paying for itself more than seven times over in Mr. Dale’s tenure of ownership, he is very is sad to be forced to sell. Age, health considerations, and the lack of an heir are the motivations of the sale.
We look forward to providing a personalized tour, so you can meet The Medford Plaza and consider one of the best investments of your life time!
The residents, staff & supporting vendors.
Russ Dale Properties
THE Medford Plaza
50 apartments with consistent 100% occupancy
Three rentable enclosed garages
Rentable storage building
Three long-term cell tower leases
235 S Oakdale Ave, Medford OR 97501 US +1.541.734.2255 email@example.com
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