Off market since Jul 2026

Off market since Jul 2026 Home

Listed May 1, 2026

$349,000

849 Cherry Street

  • 2

    Beds

  • 1

    Baths

  • 768

    Sq ft

The story

  • Basement

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.

Facts & features

Home type

Home

Year built

1936

Lot size

1 acres

Price per sq ft

$454

Included features

  • Basement

    Yes

  • Cooling

    Central Air

  • Heating

    Natural Gas

  • Appliances

    Cooktop

  • Flooring

    Carpet, Laminate, Vinyl

  • Roof

    Composition

  • Lot Information

    Fenced, Level, Pasture

  • Water Source

    Shared Well

  • Sewer

    Public Sewer

Listing Broker

John L. Scott Medford

Broker Name

John L. Scott Medford

Agent

Jordan Kramer