Updated Duplex with R-2
New
For Sale
$515,000
500 Allison Street, Ashland, OR 97520
MULTI_FAMILY - Ashland, OR
Property Size1,540 SF
Lot Size0.05 Acres
Price / SF$334.42
Days on Market5
Property Features for 500 Allison Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Parking features
On Street, Driveway
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Deck, Patio, Porch
Interior features
Double Vanity, Fiberglass Stall Shower, Shower/Tub Combo
Fireplace
1
Appliances
Cooktop, Dryer, Oven, Range, Refrigerator, Tankless Water Heater, Washer
Lot features
Level
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Standard status
Active
APN
10069196
Size
1,540 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2519
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1958
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Hardwood
Building materials
Frame
Roof type
Composition
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Nicolle Henderson · License #201228636
(541) 951-7612
Added: Aug 3
Changed: Aug 7
Last Checked: Aug 7 at 7:06AM
MLS# 220226387
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 updated duplex at 500 Allison Street contains 1,540 square feet arranged as two residences of approximately 770 square feet each. Both units include 2 bedrooms and 1 bathroom, with vinyl, carpet, and hardwood flooring. The property also features electric heating, wall or window cooling units, a composition roof, frame construction, and a fireplace. Kitchens are equipped with ranges, ovens, cooktops, refrigerators, washers, dryers, and tankless water heaters.
R-2 zoning supports the existing duplex configuration. The property sits near downtown Ashland, Southern Oregon University, parks, dining, shopping, and daily services, while its alley setting provides a quieter residential environment. On-site features include a driveway, street parking, deck, patio, and porch, with public water and public sewer service.
R-2 zoning supports the existing duplex configuration. The property sits near downtown Ashland, Southern Oregon University, parks, dining, shopping, and daily services, while its alley setting provides a quieter residential environment. On-site features include a driveway, street parking, deck, patio, and porch, with public water and public sewer service.
Key Highlights
- Duplex includes 1,540 square feet across two residential units
- Each unit offers approximately 770 square feet, 2 bedrooms, and 1 bathroom
- R‑2 zoning supports the existing duplex configuration
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
$16,503
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
3.20%
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%
$330,060
$330.1K
Cap Rate 7%
$235,757
$235.8K
Cap Rate 9%
$183,367
$183.4K
Market Conditions
NOI Build-Up for 1,540 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
$24.9K $16.20/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$23.6K $15.31/SF
− OpEx
−$7.1K −$4.59/SF
NOI
$16.5K $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%
$330,060
Cap Rate 7%
$235,757
Cap Rate 9%
$183,367
Alternative Uses
Best Use
Multifamily LT 5
$235.8K
$206.3K – $275.1K
NOI $16,503 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$206.9K
$181.1K – $241.4K
NOI $14,484 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$371.7K
$325.3K – $433.7K
NOI $26,020 @ 7.0% cap · market cap 5.05%
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
1,593
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 - Two residential units provide practical layouts, outdoor space, and public water and sewer service.
Where is this duplex located?
The property is located at 500 Allison Street Ashland, OR.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Duplex includes 1,540 square feet across two residential units; Each unit offers approximately 770 square feet, 2 bedrooms, and 1 bathroom; R‑2 zoning supports the existing duplex configuration
