Modern Triplex Townhome
1169 Iowa St Ashland, OR 97520
New
1169 Iowa St, Ashland, OR, 97520
$1,200,000
For Sale
$1,200,000
Three 2016 townhomes, each on a separate tax lot, offered together with turnkey interiors and attached garages.
Property Size3,656 SF
Price / SF$328.23
Days on Market2
Property Features for 1169 Iowa St
General Information
- Standard status
- Active
- Size
- 3,656 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2016
Listing agency
Gateway Real Estate
(541) 482-1040
Listed by
John Steinbergs · License #201211097
Source
541sold
Added: Jul 21 Updated: Jul 22 at 8:48AM Checked: Jul 22 at 8:48AM
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.2k | $16.20 |
| − Vacancy | −$3.3k | −$0.89 |
| EGI | $56.0k | $15.31 |
| − OpEx | −$16.8k | −$4.59 |
| NOI | $39.2k | $10.72 |
3,656 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$559.7K
$489.7K – $653.0K
NOI $39,179 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$491.2K
$429.8K – $573.1K
NOI $34,385 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$882.5K
$772.2K – $1.03M
NOI $61,772 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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 $1,200,000.
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
