New Two-Unit
For Sale
$648,000
1134 SW Greenwood Ave, Grants Pass, OR 97526
Two residential units feature private primary suites, modern kitchens, and a half bath on each main level.
Property Size2,652 SF
Price / SF$244.34
Days on Market97
Property Features for 1134 SW Greenwood Ave
General Information
Standard status
Active
Size
2,652 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Jul 12
Changed: Oct 6
Last Checked: Oct 16 at 8:38AM
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 Home and Land Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains 2,652 square feet across two residential units, with approximately 1,326 square feet per unit. Each residence offers an open living arrangement, 9-foot ceilings, luxury vinyl plank flooring, and ample daylight. Kitchens include cabinetry, granite countertops, and substantial storage. Both bedrooms in each unit are configured as private primary suites with attached bathrooms, while an additional half bath serves the main floor.
The property is set back from the street in a quiet neighborhood at 1134 SW Greenwood Ave in Grants Pass. Shopping, dining, schools, medical facilities, and daily services are described as minutes away, providing convenient access to routine amenities. The duplex configuration supports either continued rental use or owner occupancy.
The property is set back from the street in a quiet neighborhood at 1134 SW Greenwood Ave in Grants Pass. Shopping, dining, schools, medical facilities, and daily services are described as minutes away, providing convenient access to routine amenities. The duplex configuration supports either continued rental use or owner occupancy.
Key Highlights
- Two‑unit duplex totaling 2,652 square feet
- Approximately 1,326 sq. ft. per unit
- Built in 2026 with 9‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,541
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,820
$430.8K
Cap Rate 7%
$307,729
$307.7K
Cap Rate 9%
$239,344
$239.3K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$32.5K $12.24/SF
− Vacancy
−$1.7K −$0.64/SF
EGI
$30.8K $11.60/SF
− OpEx
−$9.2K −$3.48/SF
NOI
$21.5K $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%
$430,820
Cap Rate 7%
$307,729
Cap Rate 9%
$239,344
Alternative Uses
Best Use
Multifamily LT 5
$307.7K
$269.3K – $359.0K
NOI $21,541 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$285.7K
$250.0K – $333.3K
NOI $19,996 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$601.3K
$526.2K – $701.5K
NOI $42,092 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 97526, OR
36,561
Population
15,987
Households
2.3
Avg Household Size
47
Median Age
20%
College-Educated
91%
High-School Grad
140.7 sq mi
ZIP Area
260
Density / Sq Mi
$57,103
Median Household Income
$35,685
Median Earnings
$1,076
Median Rent
$379,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature private primary suites, modern kitchens, and a half bath on each main level.
Where is this duplex located?
The property is located at 1134 SW Greenwood Ave Grants Pass, OR.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,652 square feet; Approximately 1,326 sq. ft. per unit; Built in 2026 with 9‑foot ceilings
