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Fourth Avenue Capital Acquires 96-Unit Ridgewood Apartments In Medford From Investors Capital Group For $22.1M

Property Image
SOLD
$22,100,000
Josh McDonald
Joe Nydahl

Oregon

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MultiFamily
Sold 11/17/2025
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Property Image
SOLD

Fourth Avenue Capital Acquires 96-Unit Ridgewood Apartments In Medford From Investors Capital Group For $22.1M

3141 Alameda Street

See Similar Deals
MultiFamily
Sold 11/17/2025
Josh McDonald
Joe Nydahl
the dealplayerscompscontact
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Summary

OREGON
Asset Type:MultiFamily
Transaction Type:Sale

The 96-unit Ridgewood Apartments, located at 3141 Alameda Street in Medford, OR, has been sold for $22.1 million. This multi-family asset spans 3.9 acres and consists of two- and three-bedroom units built between 2002 and 2004, with a per unit price of $230,208.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $22,100,000
  • Address: 3141 Alameda Street
  • Market: Medford, OR
  • Acres: 3.9
  • Units: 96
  • PPU: $230,208
  • Buyer: Fourth Avenue Capital
  • Seller: Investors Capital Group
  • Brokers: Josh McDonald & Joe Nydahl - CBRE

Fourth Avenue Capital acquired the property from Investors Capital Group, with the transaction facilitated by the brokers from CBRE, Josh McDonald and Joe Nydahl. This sale reflects a significant move in the Medford multi-family market.

Players

Joe Nydahl
CBRE
Joe Nydahl
13 deals$666.3M volume
BROKER
Josh McDonald
CBRE
Josh McDonald
12 deals$596.3M volume
BROKER
CBRE
CBRE
BROKERAGE
IG
Investors Capital Group
SELLER

Details

SOLD
IMAGE: 11/17/2025 ADDRESS: 3141 Alameda Street MARKET: Medford, OR ASSET TYPE: MultiFamily ~ ACRES: 3.9 BUYER: Fourth Avenue Capital SELLER: Investors Capital Group BROKERS: Josh McDonald & Joe Nydahl - CBRE SALE PRICE: $22,100,000 UNITS: 96 ~ PPU: $230,208 NOTE: Fourth Avenue Capital bought the 96-unit Ridgewood Apartments in Medford for $22.1M, acquiring the 3.9-acre community from Investors Capital Group. CBRE’s Josh McDonald and Joe Nydahl brokered the deal for the two- and three-bedroom property built between 2002 and 2004.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,178,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$78,516.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,765.27
Annual Debt Service$1,257,183.30