About 128 S Mountain Avenue
Prime Investment & Development Opportunity in Ashland. Well-maintained duplex located close to downtown offering immediate cash flow and long-term upside potential. Both units are rented at $1,450 per month ($2,900 total), with tenants paying all utilities, keeping operating expenses low. Property has an excellent rental history and is professionally managed. Capital improvements include newer roof, vinyl windows, stainless appliances, gas log fireplace (rear unit), new water heater and additional updates. Situated on a large approx. 0.27-acre R-3 high-density zoned lot, creating exceptional future redevelopment potential. The City of Ashland Planning Department indicates a 5.4 base density factor with potential for up to 20 units. (buyer due diligence required). For development details contact Aaron Anderson or Nick Schubert at City of Ashland Planning Department.
Features of 128 S Mountain Avenue
| MLS® # | 220217221 |
|---|---|
| Price | $855,000 |
| Acres | 0.27 |
| Year Built | 1940 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Style | Ranch |
| Status | Active |
Community Information
| Address | 128 S Mountain Avenue |
|---|---|
| Subdivision | Ashland Homestead Association |
| City | Ashland |
| County | Jackson |
| State | OR |
| Zip Code | 97520 |
Amenities
| Parking | Detached, Driveway, Gravel, On Street, Workshop in Garage |
|---|---|
| View | Mountain(s), Neighborhood, Territorial |
| Is Waterfront | No |
Interior
| Interior Features | Ceiling Fan(s), Laminate Counters, Primary Downstairs, Shower/Tub Combo |
|---|---|
| Appliances | Cooktop, Dishwasher, Disposal, Oven, Range, Refrigerator, Water Heater |
| Heating | Natural Gas, Wall Furnace, Other |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| Fireplaces | Gas, Living Room |
| Stories | One |
| Basement | None |
Exterior
| Lot Description | Fenced, Landscaped, Level |
|---|---|
| Windows | Double Pane Windows, Vinyl Frames |
| Roof | Composition |
| Construction | Frame |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Check with District |
|---|---|
| Middle | Check with District |
| High | Check with District |
Additional Information
| Date Listed | March 16th, 2026 |
|---|---|
| Days on Market | 185 |
| Zoning | R-3 |
Listing Details
| Office | RE/MAX Integrity |
|---|