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Building Details

Year Built 1940

Listing Agency: Home and Land Real Estate

Listed By: Alice Lema, Principal Broker Home & Land Show Phone

Source: Alicelema

Added: Jul 26 Changed: Oct 2 Last Checked: Oct 14 at 11:01PM

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Investment Insights

Based on property information with market context.

This 6.79-acre multifamily property contains four distinct living configurations. The improvements include a two-story main residence with 3 bedrooms and 1 bathroom, a second 3-bedroom, 1-bathroom home with a deck, and a duplex comprising one 2-bedroom, 2-bathroom unit plus a 1-bedroom, 1-bathroom unit. Each living configuration has its own private yard space. Built in 1940, the property also includes garden areas, full RV hookups, and a manufactured structure identified as permitted storage.

The property is located at 12071 Old Stage Rd in Gold Hill, Oregon, and is zoned Exclusive Farm Use. Water rights convey with the land. The combination of multiple residences, agricultural zoning, outdoor areas, and RV infrastructure creates a varied multifamily and rural property profile.

Key Highlights

• 6.79‑acre multifamily property with four separate living configurations
• Two‑story 3‑bed, 1‑bath main house built in 1940
• Second 3‑bed, 1‑bath home includes a deck

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,887

Cap Rate

6.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$917,740 $917.7K

Cap Rate 7%

$655,529 $655.5K

Cap Rate 9%

$509,856 $509.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,282 SF

Gross rent

$69.4K $16.20/SF

− Vacancy

−$3.8K −$0.89/SF

EGI

$65.6K $15.31/SF

− OpEx

−$19.7K −$4.59/SF

NOI

$45.9K $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%

$917,740

Cap Rate 7%

$655,529

Cap Rate 9%

$509,856

Alternative Uses

Best Use

Multifamily LT 5

$655.5K

$573.6K – $764.8K (±1% cap)

NOI $45,887 @ 7.0% cap · market cap 6.80%

Second Best

Apartment 5plus

$575.3K

$503.4K – $671.2K (±1% cap)

NOI $40,272 @ 7.0% cap · market cap 5.97%

Theoretical Best

Office A

$1.03M

$904.4K – $1.21M (±1% cap)

NOI $72,349 @ 7.0% cap · market cap 10.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Skin Care Clinic Wine and Liquor Store Spa & Massage Center Hotel & Motel Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Explore this area Business Placement

Demographics for 97525, OR

5,392

Population

2,366

Households

2.3

Avg Household Size

51

Median Age

21%

College-Educated

95%

High-School Grad

108.2 sq mi

ZIP Area

50

Density / Sq Mi

$68,512

Median Household Income

$31,740

Median Earnings

$1,142

Median Rent

$426,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - Four living configurations offer private yards within an Exclusive Farm Use setting.

Where is this multifamily property located?

The property is located at 12071 Old Stage Rd Gold Hill, OR.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 6.79‑acre multifamily property with four separate living configurations; Two‑story 3‑bed, 1‑bath main house built in 1940; Second 3‑bed, 1‑bath home includes a deck