Two-Unit Duplex with
For Sale
$510,000
1371 SW Eclipse Ln, Grants Pass, OR 97527
Both residences have two bedrooms, two bathrooms, vaulted ceilings, and additional garage storage.
Property Size2,022 SF
Price / SF$252.23
Days on Market9
Property Features for 1371 SW Eclipse Ln
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
2005
Listing Agency:
Sunriver Realty
(541) 480-8565
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Oct 24
Changed: Oct 31
Last Checked: Nov 1 at 5:24AM
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 Sunriver Realty
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Investment Insights
Based on property information with market context.
Built in 2005, this duplex contains two residences, each configured with two bedrooms and two bathrooms. Vaulted ceilings and natural light shape the interior spaces, while each unit is served by an approximately 1.5-car garage that also offers room for storage beyond vehicle parking.
The property is in Grants Pass near Redwood Park, with an address on SW Eclipse Lane.
The property is in Grants Pass near Redwood Park, with an address on SW Eclipse Lane.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- Built in 2005
- Vaulted ceilings and natural light in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,424
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,480
$328.5K
Cap Rate 7%
$234,629
$234.6K
Cap Rate 9%
$182,489
$182.5K
Market Conditions
NOI Build-Up for 2,022 SF
Gross rent
$24.7K $12.24/SF
− Vacancy
−$1.3K −$0.64/SF
EGI
$23.5K $11.60/SF
− OpEx
−$7.0K −$3.48/SF
NOI
$16.4K $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%
$328,480
Cap Rate 7%
$234,629
Cap Rate 9%
$182,489
Alternative Uses
Best Use
Multifamily LT 5
$234.6K
$205.3K – $273.7K
NOI $16,424 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,246 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$458.5K
$401.2K – $534.9K
NOI $32,093 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
175
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 - Both residences have two bedrooms, two bathrooms, vaulted ceilings, and additional garage storage.
Where is this duplex located?
The property is located at 1371 SW Eclipse Ln Grants Pass, OR.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; Built in 2005; Vaulted ceilings and natural light in both residences
