Duplex With Private
For Sale
$400,000
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$210.08
Days on Market55
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: Nov 2
Last Checked: Nov 1 at 5:57AM
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
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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 / Yr
$15,465
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
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
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 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 3.87%
Second Best
Apartment 5plus
$205.1K
$179.5K – $239.3K
NOI $14,356 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$431.7K
$377.8K – $503.7K
NOI $30,220 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Multifamily in West region
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 $400,000.
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
