Courtyard Apartment
New
For Sale
$1,250,000
123 Maple St, Central Point, OR 97502
Two fourplex buildings offer well-kept residences with private suites, in-unit laundry, storage, and covered parking.
Property Size6,656 SF
Price / SF$187.80
Days on Market2
Property Features for 123 Maple St
General Information
Standard status
Active
Size
6,656 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 2BR/2BA
Multifamily Units
8
Parking per Unit
1
Amenities
central courtyard
established landscaping
common areas
in-unit laundry
dedicated locked storage
Building Details
Year Built
2004
Buildings
2
Listing Agency:
RE/MAX Integrity
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 13
Last Checked: Sep 13 at 2:37PM
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 RE/MAX Integrity
Investment Insights
Based on property information with market context.
Constructed in 2004, this apartment property comprises two fourplex buildings with eight residences totaling approximately 6,656 square feet. Each apartment includes two bedrooms, two bathrooms, a primary suite, private bathroom, walk-in closet, in-unit laundry, one covered carport space, and a dedicated locked storage unit. The buildings are arranged around a central courtyard with mature trees, established landscaping, and maintained common areas. A new composition roof was installed in 2026.
The property is served by public water and sewer, individually metered power, and PTAC heating and cooling. Its Central Point location provides access to downtown, shopping, schools, dining, services, Highway 99, I-5, Medford, and Rogue Valley International-Medford Airport.
The property is served by public water and sewer, individually metered power, and PTAC heating and cooling. Its Central Point location provides access to downtown, shopping, schools, dining, services, Highway 99, I-5, Medford, and Rogue Valley International-Medford Airport.
Key Highlights
- Eight 2‑bedroom, 2‑bath residences across two 4‑plex buildings
- Approximately 6,656 square feet built in 2004
- Each residence includes a primary suite, walk‑in closet, in‑unit laundry, covered carport space, and locked storage
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
$62,600
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
5.01%
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%
$1,252,000
$1.3M
Cap Rate 7%
$894,286
$894.3K
Cap Rate 9%
$695,556
$695.6K
Market Conditions
NOI Build-Up for 6,656 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
$119.8K $18.00/SF
− Vacancy
−$6.0K −$0.90/SF
EGI
$113.8K $17.10/SF
− OpEx
−$51.2K −$7.69/SF
NOI
$62.6K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,252,000
Cap Rate 7%
$894,286
Cap Rate 9%
$695,556
Alternative Uses
Best Use
Apartment 5plus
$894.3K
$782.5K – $1.04M
NOI $62,600 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,460 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two fourplex buildings offer well-kept residences with private suites, in-unit laundry, storage, and covered parking.
Where is this apartment building located?
The property is located at 123 Maple St Central Point, OR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Eight 2‑bedroom, 2‑bath residences across two 4‑plex buildings; Approximately 6,656 square feet built in 2004; Each residence includes a primary suite, walk‑in closet, in‑unit laundry, covered carport space, and locked storage
