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Ashland Multifamily Investment Opportunity

230 Grant Street Ashland, OR 97520

230 Grant Street, Ashland, OR, 97520
$2,250,000
For Sale
Claim this Listing
$2,250,000

MULTI_FAMILY - Craftsman - Ashland, OR

Property Size11,208 SF
Price / SF$200.75
AddedApr 30
Days on Market77
Last RefreshJul 15 at 3:06 am

Property Features for 230 Grant Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Assigned, Carport
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Patio, Porch
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
Standard status
Active
APN
10982932
Size
11,208 SF

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
32434

Utilities

Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public

Building Details

Year built
2003
Floors in Building
1
Number of units
10
Flooring type
Carpet, Vinyl, Tile
Building materials
Frame
Roof type
Composition
Architectural style
Craftsman

Listing agent Rowe Real Estate Team License #201218617

Listing office John L. Scott Ashland 320 E Main Street #100, Medford, OR

Listing date Apr 30, 2026

MLS# 220220428 Listing URL

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.

This is a rare investment opportunity featuring a 10-unit multifamily property located in Ashland's Hillview Condominiums. The property is situated close to Scenic Park, Asante Ashland Community Hospital, and downtown dining and entertainment venues. Each unit ranges from 1,034 to 1,174 square feet and includes two bedrooms, one full bath, an open living and dining space, high ceilings, and in-unit laundry. The kitchens feature granite counters, and all appliances are included. Residents benefit from dedicated parking, storage, and access to landscaped common areas. Ground-level units have fully fenced private backyards with poured concrete patios. The portfolio includes stable tenancy with an average occupancy of 4.2 years. The exterior building components, including roofs, siding, paint, and landscaping, are maintained by the association. The property offers potential for rent growth.

Key Highlights

  • 10‑unit investment property in Ashland’s Hillview Condominiums
  • Each unit offers 2 bedrooms, 1 full bath, open living/dining space, and high ceilings
  • In‑unit laundry and kitchen with granite counters; appliances included per unit

Local Financial Insights For Apartment 5plus

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 $201.7k $18.00
− Vacancy −$10.1k −$0.90
EGI $191.7k $17.10
− OpEx −$86.2k −$7.69
NOI $105.4k $9.41
11,208 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M (±1% cap)
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 (±1% cap)
NOI $189,370 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office Building Supply Law Firm Kitchen & Bath Showroom Barber Shop Auto Parts Store Plumbing Service Electrical Service Parking Lot & Garage Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Rare 10-unit property near downtown Ashland with financing options.
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: 10‑unit investment property in Ashland’s Hillview Condominiums; Each unit offers 2 bedrooms, 1 full bath, open living/dining space, and high ceilings; In‑unit laundry and kitchen with granite counters; appliances included per unit
Contact an agent
More about this property
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