New Duplex With Separate
For Sale
$514,900
Pending
4706 Gebhard Road, Central Point, OR 97502
Residential Income, Central Point, OR
Property Size1,958 SF
Lot Size0.06 Acres
Days on Market83
Property Features for 4706 Gebhard Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
MMR
Parking features
Open, Driveway
Window features
Double Pane Windows
Patio and Porch features
Patio, Porch
Interior features
Breakfast Bar, Ceiling Fan(s), Granite Counters, Primary Downstairs, Shower/Tub Combo, Solid Surface Counters, Stone Counters, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Microwave, Oven, Range, Water Heater
Lot features
Fenced, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
View
Territorial
Elementary school
Jewett Elem
Middle school
Scenic Middle
High school
Crater High
Standard status
Pending
APN
11014146
Size
1,958 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
648
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Simulated wood, Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Jordan Kramer · License #200112030
(541) 840-2992
Added: Jun 8
Changed: Aug 28
Last Checked: Aug 29 at 8:06AM
MLS# 220222953
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 contemporary duplex is under construction on a 0.06-acre lot and combines a 1,548-square-foot, three-bedroom, 2.5-bath main residence with a separate 410-square-foot, one-bedroom, one-bath ADU. The primary suite is located on the main level, while the accessory unit includes a kitchen and laundry. An attached oversized two-car finished garage serves the main home, with exterior stairs providing access to the ADU.
Interior specifications include granite and solid-surface counters, custom cabinetry, stainless steel appliances, simulated-wood and carpet flooring, upgraded lighting and plumbing fixtures, ductless heating and cooling, and a patio and porch. Public water and sewer serve the property. The home is planned for completion on 12/08/2026 and is positioned minutes from I-5, a water park, Costco, schools, and parks.
Interior specifications include granite and solid-surface counters, custom cabinetry, stainless steel appliances, simulated-wood and carpet flooring, upgraded lighting and plumbing fixtures, ductless heating and cooling, and a patio and porch. Public water and sewer serve the property. The home is planned for completion on 12/08/2026 and is positioned minutes from I-5, a water park, Costco, schools, and parks.
Key Highlights
- 1,958 square feet across a 1,548‑square‑foot main home and 410‑square‑foot ADU
- Main residence includes 3 bedrooms and 2.5 baths
- Separate ADU provides 1 bedroom, 1 bath, kitchen, and 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
$20,983
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
4.08%
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%
$419,660
$419.7K
Cap Rate 7%
$299,757
$299.8K
Cap Rate 9%
$233,144
$233.1K
Market Conditions
NOI Build-Up for 1,958 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
$31.7K $16.20/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$30.0K $15.31/SF
− OpEx
−$9.0K −$4.59/SF
NOI
$21.0K $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%
$419,660
Cap Rate 7%
$299,757
Cap Rate 9%
$233,144
Alternative Uses
Best Use
Multifamily LT 5
$299.8K
$262.3K – $349.7K
NOI $20,983 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$263.1K
$230.2K – $306.9K
NOI $18,415 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$472.6K
$413.5K – $551.4K
NOI $33,082 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
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 - Two distinct residences share one lot, pairing a primary home with a detached-use accessory dwelling arrangement and finished garage access.
Where is this duplex located?
The property is located at 4706 Gebhard Road Central Point, OR.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: 1,958 square feet across a 1,548‑square‑foot main home and 410‑square‑foot ADU; Main residence includes 3 bedrooms and 2.5 baths; Separate ADU provides 1 bedroom, 1 bath, kitchen, and laundry
