Two-Unit Duplex with
New
For Sale
$550,000
1156 Iowa St, Ashland, OR 97520
Side-by-side homes provide private indoor laundry areas and reserved off-street parking for both units.
Property Size2,496 SF
Price / SF$220.35
Days on Market3
Property Features for 1156 Iowa St
General Information
Standard status
Active
Size
2,496 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
courtyard
inside laundry area
Building Details
Year Built
1986
Buildings
1
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Nov 1
Last Checked: Nov 3 at 5:45AM
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.
Built in 1986, this duplex contains two matching side-by-side units, each with 3 bedrooms, 1.5 bathrooms and 1,248 square feet. Both layouts connect the kitchen and dining area with a pass-through opening, and each residence has its own interior laundry area. One unit is vacant and has new laminate flooring throughout; the other is occupied by tenants.
The property is one of four detached duplexes arranged around a shared courtyard. Four reserved off-street parking spaces serve the duplex, and Ashland High School is 100 yards away.
The property is one of four detached duplexes arranged around a shared courtyard. Four reserved off-street parking spaces serve the duplex, and Ashland High School is 100 yards away.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms, 1.5 bathrooms and 1,248 square feet
- 2,496 square feet total
- One unit is vacant and has new laminate flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,748
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,960
$535.0K
Cap Rate 7%
$382,114
$382.1K
Cap Rate 9%
$297,200
$297.2K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$40.4K $16.20/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$38.2K $15.31/SF
− OpEx
−$11.5K −$4.59/SF
NOI
$26.7K $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 Rate 5%
$534,960
Cap Rate 7%
$382,114
Cap Rate 9%
$297,200
Alternative Uses
Best Use
Multifamily LT 5
$382.1K
$334.4K – $445.8K
NOI $26,748 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$335.4K
$293.4K – $391.3K
NOI $23,475 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$602.5K
$527.2K – $702.9K
NOI $42,172 @ 7.0% cap · market cap 7.67%
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
848
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side homes provide private indoor laundry areas and reserved off-street parking for both units.
Where is this duplex located?
The property is located at 1156 Iowa St 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 side‑by‑side units, each with 3 bedrooms, 1.5 bathrooms and 1,248 square feet; 2,496 square feet total; One unit is vacant and has new laminate flooring throughout
