About N/A
Value-add 11-unit investment opportunity with established income and multiple paths to stronger NOI. Nine units may support rent increases of approximately $25/month, adding about $2,700 in annual gross income. Based on stabilized underwriting, projected NOI is approximately $62,319, indicating a 7.12% cap rate at the $875,000 offering price. Recent operating history reflects elevated repairs and other non-recurring expenses, creating upside as operations normalize. Deferred maintenance, including exterior paint and a roof that may require attention in the near future, gives a new owner the opportunity to improve curb appeal, strengthen the asset and enhance long-term value. On-site laundry and established rental history add to the appeal. Financials available. Buyer to verify all information.
Features of N/A
| MLS® # | 220229433 |
|---|---|
| Price | $875,000 |
| Acres | 0.24 |
| Year Built | 1938 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | N/A |
|---|---|
| Subdivision | N/A |
| City | Grants Pass |
| County | Jackson |
| State | OR |
| Zip Code | 97526 |
Amenities
| Parking | Asphalt, Parking Lot |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Range |
|---|---|
| Heating | Other |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| Stories | One |
Exterior
| Roof | Composition |
|---|---|
| Construction | Frame |
| Foundation | Other |
School Information
| Elementary | Check with District |
|---|---|
| Middle | Check with District |
| High | Check with District |
Additional Information
| Date Listed | October 1st, 2026 |
|---|---|
| Zoning | GC |
Listing Details
| Office | Windermere Van Vleet & Assoc. |
|---|