Modern Triplex Townhome
For Sale
$1,150,000
1169 Iowa St, Ashland, OR 97520
Three 2016 townhomes, each on a separate tax lot, offered together with turnkey interiors and attached garages.
Property Size3,656 SF
Price / SF$314.55
Days on Market49
Property Features for 1169 Iowa St
General Information
Standard status
Active
Size
3,656 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
2016
Listing Agency:
Gateway Real Estate
Listed By:
John Steinbergs
(541) 941-8559
Source:
541sold
Added: Jul 21
Changed: Aug 21
Last Checked: Sep 6 at 10:22AM
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 Gateway Real Estate
Investment Insights
Based on property information with market context.
This for-sale package includes three modern townhomes built in 2016, with each unit on its own separate tax lot. Each residence provides a spacious 3-bedroom layout with 2 full baths. Unit 1173 includes 1,280 sf and a two-car garage, while Units 1169 and 1171 each include 1,188 sf and a one-car garage.
Interiors are described as turnkey, featuring stainless steel appliances, warm shaker cabinetry, and 100% solid surface flooring with no carpet. The property is being offered together as a package and is stated to not be sold separately.
The current rents total $6,605 per month, and the remarks indicate near-zero vacancy since construction. The offering is positioned as a newer, low-maintenance rental opportunity with the additional flexibility of individual tax lots, and the property is noted as being close to SOU, downtown, and everyday amenities.
Interiors are described as turnkey, featuring stainless steel appliances, warm shaker cabinetry, and 100% solid surface flooring with no carpet. The property is being offered together as a package and is stated to not be sold separately.
The current rents total $6,605 per month, and the remarks indicate near-zero vacancy since construction. The offering is positioned as a newer, low-maintenance rental opportunity with the additional flexibility of individual tax lots, and the property is noted as being close to SOU, downtown, and everyday amenities.
Key Highlights
- Three townhomes built in 2016, offered together as a package (not sold separately)
- Each unit has its own separate tax lot
- Unit 1173: 1,280 SF, 3 bed / 2 full bath, with a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,179
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$783,580
$783.6K
Cap Rate 7%
$559,700
$559.7K
Cap Rate 9%
$435,322
$435.3K
Market Conditions
NOI Build-Up for 3,656 SF
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.
Gross rent
$59.2K $16.20/SF
− Vacancy
−$3.3K −$0.89/SF
EGI
$56.0K $15.31/SF
− OpEx
−$16.8K −$4.59/SF
NOI
$39.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$783,580
Cap Rate 7%
$559,700
Cap Rate 9%
$435,322
Alternative Uses
Best Use
Multifamily LT 5
$559.7K
$489.7K – $653.0K
NOI $39,179 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$491.2K
$429.8K – $573.1K
NOI $34,385 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$882.5K
$772.2K – $1.03M
NOI $61,772 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three 2016 townhomes, each on a separate tax lot, offered together with turnkey interiors and attached garages.
Where is this triplex located?
The property is located at 1169 Iowa St Ashland, OR.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three townhomes built in 2016, offered together as a package (not sold separately); Each unit has its own separate tax lot; Unit 1173: 1,280 SF, 3 bed / 2 full bath, with a two‑car garage
