Side-by-Side
New
For Sale
$550,000
1156 Iowa Street, Ashland, OR 97520
Residential Income, Ashland, OR
Property Size2,496 SF
Lot Size0.17 Acres
Price / SF$220.35
Days on Market3
Property Features for 1156 Iowa Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-3
Parking features
None
Window features
Aluminum Frames
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s), Laminate Counters
Appliances
Dishwasher, Disposal, Oven, Refrigerator, Water Heater
Lot features
Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
View
Territorial, Mountains
Elementary school
Walker Elem
Middle school
Ashland Middle
High school
Ashland High
Standard status
Active
APN
10835431
Size
2,496 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4977
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Frame
Roof type
Composition
Buildings
1
Listing Agency:
John L Scott Ashland · John L. Scott
(541) 488-1311
Listed By:
Russell Manzone
(541) 779-3611
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 12:06PM
MLS# 220230627
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.
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Investment Insights
Based on property information with market context.
Built in 1986, this side-by-side duplex contains two matching 1,248-square-foot residences, totaling 2,496 square feet on a 0.17-acre parcel. Each home has three bedrooms, one and a half bathrooms, an indoor laundry area, and a kitchen with a pass-through to the dining area. A porch and patio provide outdoor features, and the property is one of four detached duplexes arranged around a shared courtyard.
Ashland High School is approximately 100 yards away. One residence is vacant and has new laminate flooring throughout; the other is occupied. Both units have carpet and laminate flooring, baseboard heat, and public water and sewer.
Ashland High School is approximately 100 yards away. One residence is vacant and has new laminate flooring throughout; the other is occupied. Both units have carpet and laminate flooring, baseboard heat, and public water and sewer.
Key Highlights
- Two 1,248‑square‑foot residences; 2,496 square feet combined
- Each unit has 3 bedrooms, 1.5 bathrooms, and an indoor laundry area
- 0.17‑acre property with porch and patio
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.
How Realmo checks its estimates
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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 - Two matching residences offer private indoor laundry areas, with one currently vacant and recently refreshed with laminate flooring.
Where is this duplex located?
The property is located at 1156 Iowa Street 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 1,248‑square‑foot residences; 2,496 square feet combined; Each unit has 3 bedrooms, 1.5 bathrooms, and an indoor laundry area; 0.17‑acre property with porch and patio
