5111 Cherry Ln, Medford, OR 97504

Local realty services provided by:Knipe Realty ERA Powered
5111 Cherry Ln,Medford, OR 97504
$1,350,000
  • 6.97 Acres
  • Lots / Land
  • Active
Listed by: patricia millen
Office: millen property group
MLS#:24418854
Source:PORTLAND

Price summary

  • Price:$1,350,000

About this home

Prime 6.97-acre parcel with MFR-15 zoning allowing 10-15 units/acre. Truly a beautiful piece of land, this stunning property offers panoramic views across the valley to the west with breathtaking sunsets. Surrounded by upscale custom homes in the desirable Hillcrest/Cherry Lane area. Perfect for multifamily or residential development, it provides flexibility to build on a single tax lot (no need to split-multifamily can be built on 1 tax lot) or split into multiple lots. Annexed into the city in 2008, it's a part of the SE Medford plan for medium-to-high density housing, making it a rare opportunity with incredible development potential. Conveniently located in a lovely neighborhood, this site combines beauty and functionality for your next project. Buyer to perform own due diligence with the City of Medford. All information is deemed reliable but not guaranteed. Buyer to do all of their own due diligence to verify all information.

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Home facts

  • Listing ID #:24418854
  • Added:351 day(s) ago
  • Updated:December 17, 2025 at 03:02 PM

Structure and exterior

  • Lot area:6.97 Acres

Schools

  • High school:South Medford
  • Middle school:Hedrick
  • Elementary school:Hoover

Finances and disclosures

  • Price:$1,350,000
  • Tax amount:$2,758 (2024)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: December 17, 2025

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