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 Market94
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: Oct 16
Last Checked: Oct 7 at 3:10PM
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
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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 / Yr
$39,179
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
905
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?
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
