Updated Duplex with
For Sale
$550,000
560 Scenic Drive, Ashland, OR 97520
Residential Income, Ashland, OR
Property Size2,024 SF
Lot Size0.17 Acres
Price / SF$271.74
Days on Market61
Property Features for 560 Scenic Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Parking features
On Street, Driveway
Window features
Vinyl Frames
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Shower/Tub Combo, Solar Tube(s), Solid Surface Counters
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator, Water Heater
Subdivision
Coolidges Tract
Lot features
Corner Lot, Fenced, Level
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Standard status
Active
APN
10056201
Size
2,024 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4773
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Amenities
private backyard
Building Details
Year built
1977
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Vinyl
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Meghan Spencer
(541) 621-4555
Added: Jul 29
Changed: Sep 12
Last Checked: Sep 27 at 10:06AM
MLS# 220226144
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 2,024-square-foot duplex, built in 1977, contains two residences with matching layouts of 3 bedrooms and 1.5 bathrooms. Each unit includes its own garage, private backyard, deck, solid surface counters, and a mix of carpet, vinyl, and laminate flooring. Recent improvements include mini-split heating and cooling systems and fresh interior paint. Public water and public sewer serve the property, which sits on a 0.17-acre corner lot.
The property is near Ashland Hospital with access to I-5 and downtown Ashland. Lithia Park and the Ashland Plaza are approximately 1 mile away. Views extend toward Grizzly Peak and the surrounding mountains. Both units are vacant, supporting new rental arrangements, owner-occupancy, or a combination of the two.
The property is near Ashland Hospital with access to I-5 and downtown Ashland. Lithia Park and the Ashland Plaza are approximately 1 mile away. Views extend toward Grizzly Peak and the surrounding mountains. Both units are vacant, supporting new rental arrangements, owner-occupancy, or a combination of the two.
Key Highlights
- Two‑unit duplex totaling 2,024 square feet on 0.17 acres
- Each unit includes 3 bedrooms, 1.5 bathrooms, a garage, and a private backyard
- Vacant at present, allowing new rental arrangements or owner‑occupancy
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
$21,690
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
3.94%
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%
$433,800
$433.8K
Cap Rate 7%
$309,857
$309.9K
Cap Rate 9%
$241,000
$241.0K
Market Conditions
NOI Build-Up for 2,024 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
$32.8K $16.20/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$31.0K $15.31/SF
− OpEx
−$9.3K −$4.59/SF
NOI
$21.7K $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%
$433,800
Cap Rate 7%
$309,857
Cap Rate 9%
$241,000
Alternative Uses
Best Use
Multifamily LT 5
$309.9K
$271.1K – $361.5K
NOI $21,690 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$271.9K
$238.0K – $317.3K
NOI $19,036 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$488.5K
$427.5K – $570.0K
NOI $34,198 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
601
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences feature private outdoor space, individual garages, and ductless heating and cooling.
Where is this duplex located?
The property is located at 560 Scenic Drive Ashland, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,024 square feet on 0.17 acres; Each unit includes 3 bedrooms, 1.5 bathrooms, a garage, and a private backyard; Vacant at present, allowing new rental arrangements or owner‑occupancy
