Two-Story Duplex with
1086 Rainwood Ln, Grants Pass, OR 97527
For Sale
$495,000
Both residences include three bedrooms, two full bathrooms, and a fenced private yard.
Property Size2,448 SF
Price / SF$202.21
Days on Market49
Property Features for 1086 Rainwood Ln
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Building Details
Year Built
Buildings
Stories
Listing Agency:
Exp Realty, LLC
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 28
Changed: Nov 14
Last Checked: Nov 14 at 5:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exp Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,448-square-foot duplex was built in 1997 and is arranged across two stories. Each residence has three bedrooms and two full bathrooms, with two bedrooms located upstairs. Both units also have an attached one-car garage and a fenced private backyard.
The property is on Rainwood Lane in Grants Pass, Oregon.
The property is on Rainwood Lane in Grants Pass, Oregon.
Key Highlights
- Two‑story duplex with 2,448 square feet
- Each unit has 3 bedrooms and 2 full bathrooms
- Attached one‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,884
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,680
$397.7K
Cap Rate 7%
$284,057
$284.1K
Cap Rate 9%
$220,933
$220.9K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$30.0K $12.24/SF
− Vacancy
−$1.6K −$0.64/SF
EGI
$28.4K $11.60/SF
− OpEx
−$8.5K −$3.48/SF
NOI
$19.9K $8.12/SF
Area
Josephine County, OR
Vacancy
5.20%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,680
Cap Rate 7%
$284,057
Cap Rate 9%
$220,933
Alternative Uses
Best Use
Multifamily LT 5
$284.1K
$248.6K – $331.4K
NOI $19,884 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$263.7K
$230.7K – $307.6K
NOI $18,458 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$555.1K
$485.7K – $647.6K
NOI $38,854 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
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Business Placement
Demographics for 97527, OR
36,358
Population
15,481
Households
2.3
Avg Household Size
49
Median Age
19%
College-Educated
90%
High-School Grad
219.8 sq mi
ZIP Area
165
Density / Sq Mi
$66,396
Median Household Income
$35,825
Median Earnings
$1,350
Median Rent
$408,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include three bedrooms, two full bathrooms, and a fenced private yard.
Where is this duplex located?
The property is located at 1086 Rainwood Ln Grants Pass, OR.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑story duplex with 2,448 square feet; Each unit has 3 bedrooms and 2 full bathrooms; Attached one‑car garage for each residence
