502 Benson St, Medford, OR, 97501
About This Home
This unique property features two separate bungalow-style homes on one lot, each with private entrances and no shared walls—ideal for families or investors. Both homes have been fully remodeled with fresh paint, new flooring, and updated kitchens with modern countertops and cabinets. The first unit is 640 sq. ft., 2 bed/1 bath, currently rented at $1,200/month with a lease through 1/31/2025. The second unit is 744 sq. ft. and rented at $1,295/month. Recent updates include tree pruning to meet insurance requirements, new weed control, and fresh bark in the front yard. Conveniently located near schools, transit, medical care, and shopping, this property offers flexibility and income potential. A fantastic opportunity for a homeowner seeking rental income or an investor looking for steady returns!
Getting Around
Car-Dependent
Minimal Transit
BikeableSchools
Construction
Condition
- Year built: 1946
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subType: Duplex,Multi Family
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Laminate
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Ductless
- Cooling features: Ductless
Interior Area
- Total structure area: 1,384
- Total interior livable area: 1,384 sqft
Property
Details
- Parcel number: 10407508
- Zoning description: Sfr-10
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Fencing: Fenced
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 5,662 sqft
Parking
- Parking features: Detached
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Jackson County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,072 | $24,864 |
| Home Insurance * | $108 | $1,296 |
| Property Taxes | $511 | $6,132 |
| Electricity | $176 | $2,119 |
| Total | $2,867 | $34,404 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-02 | Price change | $409,900 |
| 2025-09-22 | Price change | $415,900 |
| 2025-03-10 | Price change | $419,900 |
| 2025-02-12 | Listed for sale | $429,900 |
| 2025-02-03 | Listing removed | $429,900 |
| 2024-10-28 | Listed for sale | $429,900 |
| 2024-01-26 | Listing removed | -- |
| 2023-12-14 | Listed for rent | $1,295 |
| 2023-03-02 | Listing removed | -- |
| 2023-02-16 | Listed for rent | $1,350 |
| 2021-03-10 | Sold | $245,000 |
| 2021-02-02 | Pending sale | $245,000 |
| 2021-01-23 | Listed for sale | $245,000 |
| 2021-01-13 | Pending sale | $245,000 |
| 2021-01-13 | Listed for sale | $245,000 |
| 2021-01-13 | Pending sale | $245,000 |
| 2021-01-09 | Price change | $245,000 |
| 2021-01-05 | Price change | $260,000 |
| 2020-12-07 | Pending sale | $250,000 |
| 2020-12-04 | Listed for sale | $250,000 |
| 2020-09-19 | Listing removed | $249,000 |
| 2020-05-07 | Listed for sale | $249,000 |
| 2015-08-23 | Listing removed | $137,000 |
| 2015-03-26 | Listed for sale | $137,000 |
| 1997-10-24 | Sold | $81,000 |
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