Duplex With Private
For Sale
$440,000
1313 SW Kokanee Ln, Grants Pass, OR 97527
Two similar units offer separate garages, indoor laundry, patios, and fenced outdoor spaces for flexible occupancy.
Property Size1,904 SF
Price / SF$231.09
Days on Market10
Property Features for 1313 SW Kokanee Ln
General Information
Standard status
Active
Size
1,904 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
indoor laundry
attached garages
driveway parking
private fenced backyard with patios
Building Details
Year Built
1993
Tenancy
Multi
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Sep 9
Changed: Sep 15
Last Checked: Sep 16 at 6:12PM
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 Home and Land Real Estate
Investment Insights
Based on property information with market context.
Built in 1993, this 1,904-square-foot duplex includes two units with similar layouts and finishes. Each side has a bright kitchen with white cabinetry, a spacious living area, indoor laundry, vinyl-framed windows, an attached garage, driveway parking, and a private fenced backyard with a patio. Sliding glass doors connect the living areas to the outdoor spaces, which include established trees and room for gardening, pets, or outdoor use.
The roof was replaced in 2016, and the attic has approximately 24 in of blown-in fiberglass insulation. One unit is scheduled to be vacant November 1, while the other remains tenant occupied. The separate living spaces support owner occupancy with a tenant in the second unit, extended-family use, or continued rental operation.
The roof was replaced in 2016, and the attic has approximately 24 in of blown-in fiberglass insulation. One unit is scheduled to be vacant November 1, while the other remains tenant occupied. The separate living spaces support owner occupancy with a tenant in the second unit, extended-family use, or continued rental operation.
Key Highlights
- 1,904‑square‑foot duplex built in 1993
- Both units feature similar layouts and finishes
- Attached garages, driveway parking, and indoor laundry for each unit
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
$15,465
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
3.51%
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%
$309,300
$309.3K
Cap Rate 7%
$220,929
$220.9K
Cap Rate 9%
$171,833
$171.8K
Market Conditions
NOI Build-Up for 1,904 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
$23.3K $12.24/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$22.1K $11.60/SF
− OpEx
−$6.6K −$3.48/SF
NOI
$15.5K $8.12/SF
Area
Josephine County, OR
Vacancy
5.20%
Lease Rate
$12.24 /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%
$309,300
Cap Rate 7%
$220,929
Cap Rate 9%
$171,833
Alternative Uses
Best Use
Multifamily LT 5
$220.9K
$193.3K – $257.8K
NOI $15,465 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$205.1K
$179.5K – $239.3K
NOI $14,356 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$431.7K
$377.8K – $503.7K
NOI $30,220 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
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Business Placement
Demographics for 97527, OR
36,358
Population
15,481
Households
2.3
Avg Household Size
49
Median Age
19%
College-Educated
90%
High-School Grad
219.8 sq mi
ZIP Area
165
Density / Sq Mi
$66,396
Median Household Income
$35,825
Median Earnings
$1,350
Median Rent
$408,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two similar units offer separate garages, indoor laundry, patios, and fenced outdoor spaces for flexible occupancy.
Where is this duplex located?
The property is located at 1313 SW Kokanee Ln Grants Pass, OR.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1,904‑square‑foot duplex built in 1993; Both units feature similar layouts and finishes; Attached garages, driveway parking, and indoor laundry for each unit
