Craftsman Apartment
For Sale
$2,250,000
230 Grant Street, Ashland, OR 97520
Residential Income, Ashland, OR
Property Size11,208 SF
Price / SF$200.75
Days on Market123
Property Features for 230 Grant Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-2
Parking features
Assigned, On Street, Carport
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Porch, Patio
Interior features
Built-in Features, Granite Counters, Linen Closet, Primary Downstairs, Shower/Tub Combo
Appliances
Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater
Lot features
Garden, Landscaped, Level
View
Park, Mountains
Elementary school
Helman Elem
Middle school
Ashland Middle
High school
Ashland High
Standard status
Active
APN
10982932
Size
11,208 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
32434
HOA Fee
$2,686 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
granite counters
all appliances included
dedicated parking
storage
landscaped common areas
high ceilings
fully fenced private backyards
poured concrete patios
Building Details
Year built
2003
Floors in Building
1
Number of units
10
Flooring type
Vinyl, Carpet, Tile
Building materials
Frame
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
John L. Scott Ashland
(541) 488-1311
Listed By:
Rowe Real Estate Team · License #201218617
(541) 708-3975
Added: Apr 30
Changed: Aug 30
Last Checked: Aug 30 at 9:06AM
MLS# 220220428
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 2003, this Craftsman-style apartment property contains 11,208 square feet and features residences ranging from 1,034 to 1,174 square feet. Each layout includes two bedrooms, one full bath, open living and dining areas, high ceilings, in-unit laundry, and kitchens equipped with granite countertops and appliances. Ground-level homes add fenced private backyards and poured concrete patios, while dedicated storage and assigned parking support resident convenience.
The property is located at 230 Grant Street in Ashland, near Scenic Park and Asante Ashland. Exterior components—including the roof, siding, paint, and landscaping—are maintained through the condominium association. Public water and sewer serve the property, with forced-air natural gas heating, central air conditioning, composition roofing, and a mix of carpet, tile, and vinyl flooring.
The property is located at 230 Grant Street in Ashland, near Scenic Park and Asante Ashland. Exterior components—including the roof, siding, paint, and landscaping—are maintained through the condominium association. Public water and sewer serve the property, with forced-air natural gas heating, central air conditioning, composition roofing, and a mix of carpet, tile, and vinyl flooring.
Key Highlights
- 11,208‑square‑foot apartment property built in 2003
- Individual residences range from 1,034 to 1,174 square feet
- Two‑bedroom, one‑bath layouts with in‑unit laundry
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
$105,411
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
4.68%
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%
$2,108,220
$2.1M
Cap Rate 7%
$1,505,871
$1.5M
Cap Rate 9%
$1,171,233
$1.2M
Market Conditions
NOI Build-Up for 11,208 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
$201.7K $18.00/SF
− Vacancy
−$10.1K −$0.90/SF
EGI
$191.7K $17.10/SF
− OpEx
−$86.2K −$7.69/SF
NOI
$105.4K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$2,108,220
Cap Rate 7%
$1,505,871
Cap Rate 9%
$1,171,233
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,411 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,370 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
454
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?
Apartment building - Ashland multifamily property with two-bedroom layouts, private outdoor areas, assigned parking, and in-unit laundry.
Where is this apartment building located?
The property is located at 230 Grant Street Ashland, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 11,208‑square‑foot apartment property built in 2003; Individual residences range from 1,034 to 1,174 square feet; Two‑bedroom, one‑bath layouts with in‑unit laundry
