Historic Duplex With Detached
For Sale
$950,000
Pending
19 Gresham Street, Ashland, OR 97520
Residential Income, Ashland, OR
Property Size3,277 SF
Lot Size0.15 Acres
Days on Market118
Property Features for 19 Gresham Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-2
Parking features
On Street, Alley, Driveway
Window features
Double Pane Windows, Wood Frames
Patio and Porch features
Porch
Interior features
Breakfast Bar, Built-in Features, Ceiling Fan(s), In-Law Floorplan, Kitchen Island, Linen Closet, Pantry, Primary Downstairs, Shower/Tub Combo, Soaking Tub, Tile Counters, Walk-In Closet(s)
Exterior features
Courtyard
Appliances
Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater
Lot features
Corner Lot, Drip System, Fenced, Landscaped, Level
Elementary school
Helman Elem
Middle school
Ashland Middle
High school
Ashland High
Directions
Main Street or Siskiyou Boulevard to Gresham Street. First house on right on the corner of Gresham Street and Hargadine Street just across from the Public Library.
Standard status
Pending
APN
10068951
Size
3,277 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6050
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Natural Gas, Forced Air
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Frame
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
John L. Scott Ashland
(541) 488-1311
Listed By:
Rowe Real Estate Team · License #201218617
(541) 708-3975
Added: May 5
Changed: Aug 30
Last Checked: Aug 30 at 9:06AM
MLS# 220220698
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.
Built in 1900, this 3,277-square-foot duplex property combines a character-rich main residence with a detached accessory residential unit. The primary home offers five bedrooms across two levels, two full bathrooms, a half-bath, living and dining rooms, a kitchen with butcher block island and walk-in pantry, original solid fir floors, built-in cabinetry, and a wraparound covered porch.
The detached ARU was rebuilt in 2014 and includes a full kitchen, alder cabinetry, solid oak flooring, skylight, laundry room, and two full bathrooms. Its layout includes a tiled studio or bedroom and French doors opening to a private covered view balcony. The property occupies a 0.15-acre corner lot in downtown Ashland, directly across from the public library, with a fenced brick courtyard and three off-street parking spaces. Public water and sewer serve the property.
The detached ARU was rebuilt in 2014 and includes a full kitchen, alder cabinetry, solid oak flooring, skylight, laundry room, and two full bathrooms. Its layout includes a tiled studio or bedroom and French doors opening to a private covered view balcony. The property occupies a 0.15-acre corner lot in downtown Ashland, directly across from the public library, with a fenced brick courtyard and three off-street parking spaces. Public water and sewer serve the property.
Key Highlights
- 3,277‑square‑foot duplex property on a 0.15‑acre corner lot
- Detached ARU rebuilt in 2014 with traveler accommodations permitted
- Main residence includes five bedrooms, two full baths, and a half‑bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,117
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,340
$702.3K
Cap Rate 7%
$501,671
$501.7K
Cap Rate 9%
$390,189
$390.2K
Market Conditions
NOI Build-Up for 3,277 SF
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.
Gross rent
$53.1K $16.20/SF
− Vacancy
−$2.9K −$0.89/SF
EGI
$50.2K $15.31/SF
− OpEx
−$15.1K −$4.59/SF
NOI
$35.1K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$702,340
Cap Rate 7%
$501,671
Cap Rate 9%
$390,189
Alternative Uses
Best Use
Multifamily LT 5
$501.7K
$439.0K – $585.3K
NOI $35,117 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$440.3K
$385.3K – $513.7K
NOI $30,820 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$791.0K
$692.1K – $922.8K
NOI $55,368 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,702
Businesses Nearby
Explore this area
Business Placement
Demographics for 97520, OR
25,970
Population
13,964
Households
1.9
Avg Household Size
47
Median Age
61%
College-Educated
96%
High-School Grad
328.8 sq mi
ZIP Area
79
Density / Sq Mi
$71,485
Median Household Income
$31,869
Median Earnings
$1,360
Median Rent
$568,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot property with a private courtyard and permitted traveler accommodations.
Where is this duplex located?
The property is located at 19 Gresham Street Ashland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,277‑square‑foot duplex property on a 0.15‑acre corner lot; Detached ARU rebuilt in 2014 with traveler accommodations permitted; Main residence includes five bedrooms, two full baths, and a half‑bath
