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    Fourplex with Gated Front Yards Title is generated by Realmo AI

    711 SW Burgess Street, Grants Pass, OR 97526

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    For Sale
    $639,000

    MULTI_FAMILY - Other - Grants Pass, OR

    Property size:
    4,320 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $147/SF
    Added:
    Jan 28, 2026
    Days on Market:
    128
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for 711 SW Burgess Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Parking Lot, Garage
    Window features
    Aluminum Frames, Double Pane Windows
    Interior features
    Shower/Tub Combo
    Appliances
    Cooktop, Oven, Water Heater
    Standard status
    Active
    APN
    R312748
    Size
    4,320 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3748

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wall Furnace
    Water source
    Public

    Building Details

    Year built
    1964
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl, Carpet
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Charley Waddington
    Charley Waddington

    Listing agent Charley Waddington License #200203279

    Listing office Keller Williams Realty GP Branch 1595 NE 6th St, Ste F, Medford, OR

    Listing date Jan 28, 2026

    MLS# 220214415 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.

    HighLights

    • Four Units: Ideal for investors seeking a multi‑family property.
    • Established Tenants: Current tenants are quiet and desire to remain, ensuring immediate rental income.
    • Spacious Units: Each unit offers approximately 1,080 sqft with 2 bedrooms and 1.5 bathrooms.
    • Individual Storage: Each unit includes a private 360 sqft storage unit.
    • Private Yards: Each unit features its own gated front yard.
    • Corner Lot with Alley Access: Property benefits from a corner lot location with convenient alley access to rear parking.

    Overview

    This fourplex was built in 1964 and offers four residential units. Each unit is configured with two bedrooms and 1.5 bathrooms. The property includes rear parking with alley access, plus a 360-square-foot storage unit located in the back of the building. Units also feature their own gated front yard areas.

    The building sits on a corner lot and provides access to parking via an alley. The property is located at 711 SW Burgess Street in Grants Pass, Oregon, in Josephine County.

    The unit mix and layout make this a straightforward fit for buyers seeking a small multifamily asset with independently set front yard space and additional on-site storage. The listing indicates that tenants are established and would like to stay if possible, which may support continuity for an owner looking to keep current residents in place. Please note that specific lease terms, rent rolls, and operating details are not provided in the materials above.

    Local Financial Insights For Multifamily LT 5

    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 $52.9k $12.24
    − Vacancy −$2.7k −$0.64
    EGI $50.1k $11.60
    − OpEx −$15.0k −$3.48
    NOI $35.1k $8.12
    4,320 SF · lease $12.24/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $501.3K
    $438.6K – $584.8K (±1% cap)
    NOI $35,089 @ 7.0% cap · market cap 5.49%
    Second Best
    Apartment 5plus
    $465.3K
    $407.2K – $542.9K (±1% cap)
    NOI $32,572 @ 7.0% cap · market cap 5.10%
    Theoretical Best
    Office A
    $979.5K
    $857.1K – $1.14M (±1% cap)
    NOI $68,566 @ 7.0% cap · market cap 10.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.335625
    Latitude
    42.435586

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    FAQs

    What type of property is this?
    Quadplex - Fourplex built in 1964 offering two-bedroom units with private gated yard space, rear parking, and storage units.
    Where is this quadplex located?
    The property is located at 711 SW Burgess Street Grants Pass, OR.
    What is the asking price?
    The asking price for this property is $639,000.
    What are key features of this property?
    This property features: Four Units: Ideal for investors seeking a multi‑family property.; Established Tenants: Current tenants are quiet and desire to remain, ensuring immediate rental income.; Spacious Units: Each unit offers approximately 1,080 sqft with 2 bedrooms and 1.5 bathrooms.
    (541) 659-9072
    We can help!
    Listing Contact
    Charley Waddington
    Charley Waddington
    Real Estate License ID: 200203279
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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