401 NW B Street Grants Pass, OR 97526
MULTI_FAMILY - Grants Pass, OR
Property Features for 401 NW B Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Window features
- Vinyl Frames, Aluminum Frames, Double Pane Windows
- Patio and Porch features
- Porch, Patio
- Interior features
- Breakfast Bar, Primary Downstairs, Shower/Tub Combo
- Appliances
- Dishwasher, Oven, Range, Refrigerator, Water Heater
- Standard status
- Active
- APN
- R311326
- Size
- 4,126 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5783
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant, Ductless (Heating), Electric (Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s), Ductless
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 5
- 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.
The building is located at 401 NW B Street in Grants Pass, Oregon, within Josephine County. It sits in a quiet neighborhood setting, and the listing indicates there is interest for investors who may view the property as part of a broader portfolio.
From a tenant and owner perspective, a fiveplex can suit buyers looking to own a small, manageable multifamily asset with multiple units under one roof. The listing notes potential flexibility for owner-occupancy, such as living in one unit while collecting rent from the remaining four units, or purchasing strictly as an investment. No additional unit mix, interior updates, or operating details are provided in the remarks, so buyers should plan to request current financials and unit information during diligence.
Key Highlights
- Fiveplex built in 1977 in a quiet neighborhood
- Public water and public sewer
- Composition roof with frame construction
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 | $59.4k | $14.40 |
| − Vacancy | −$2.9k | −$0.69 |
| EGI | $56.6k | $13.71 |
| − OpEx | −$25.5k | −$6.17 |
| NOI | $31.1k | $7.54 |
