1806 Medart Lane Grants Pass, OR 97527
MULTI_FAMILY - Grants Pass, OR
Property Features for 1806 Medart Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Open, Driveway, On Street, Parking Lot
- Window features
- Double Pane Windows
- Patio and Porch features
- Patio, Porch, Deck
- Interior features
- Ceiling Fan(s), Linen Closet, Primary Downstairs, Shower/Tub Combo
- Appliances
- Dishwasher, Oven, Range, Water Heater
- Standard status
- Active
- APN
- R335815
- Size
- 4,224 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5327
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1992
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Frame
- Roof type
- Composition
Listing agent Michael D Masters License #801004242 (541) 770-3325
Listing office RE/MAX Integrity Grants Pass 1830 NE 7th Street, Medford, OR (541) 955-8483
Listing date Jul 9, 2026
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Grants Pass, Oregon (Josephine County), the home is positioned on Medart Lane in a quiet neighborhood. This setting supports a straightforward residential rental use and helps create an owner-operator or investor-friendly living arrangement.
For tenants, the configuration provides multiple independent units under one roof, which can simplify property management and leasing. For buyers, the four-unit setup may appeal as an income-oriented residential investment, with the option to live in one unit while renting the remaining three. The listing notes pricing at a recent appraisal and recommends contacting the broker for additional details and availability within the broader portfolio.
Key Highlights
- Fourplex built in 1992 in a quiet neighborhood
- Rents are described as helping pay toward the mortgage; option to live in one unit and rent the other three
- Public water and public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.7k | $12.24 |
| − Vacancy | −$2.7k | −$0.64 |
| EGI | $49.0k | $11.60 |
| − OpEx | −$14.7k | −$3.48 |
| NOI | $34.3k | $8.12 |
