2-Unit Single-Level
1439 SW Kellenbeck Avenue, Grants Pass, OR 97527
For Sale
$525,000
Each residence has two bedrooms, two baths, a garage, and an attached carport.
Property Size2,254 SF
Price / SF$232.92
Days on Market110
Property Features for 1439 SW Kellenbeck Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered entry
covered patios
fenced backyard
laundry room
vaulted ceilings
Ceiling Fan(s)
Laminate Counters
Open Floorplan
Pantry
Shower/Tub Combo
Fiberglass Stall Shower
Vaulted Ceiling(s)
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
RE/MAX Platinum
(541) 734-5500
Listed By:
David Wright · License OR #200004070
(541) 301-7125
Source:
Kendonleet
Added: Jul 28
Changed: Nov 12
Last Checked: Nov 13 at 3:03AM
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 Platinum
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Investment Insights
Based on property information with market context.
Built in 2004, this 2,254-square-foot duplex contains two single-level residences, each with two bedrooms and two bathrooms. Vaulted ceilings extend through each great room, dining area, and kitchen. Both units have a single-car garage, an attached carport, a laundry room with pantry, and covered outdoor space. The primary suite and great room each provide access to the covered patio and fenced backyard.
The property is at 1439 SW Kellenbeck Avenue in Grants Pass, Oregon, and is zoned R-3. The owner has maintained the duplex, and it is professionally managed.
The property is at 1439 SW Kellenbeck Avenue in Grants Pass, Oregon, and is zoned R-3. The owner has maintained the duplex, and it is professionally managed.
Key Highlights
- 2,254‑square‑foot duplex built in 2004
- Two single‑level residences, each with 2 bedrooms and 2 bathrooms
- A single‑car garage and an attached carport serve each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,308
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,160
$366.2K
Cap Rate 7%
$261,543
$261.5K
Cap Rate 9%
$203,422
$203.4K
Market Conditions
NOI Build-Up for 2,254 SF
Gross rent
$27.6K $12.24/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$26.2K $11.60/SF
− OpEx
−$7.8K −$3.48/SF
NOI
$18.3K $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%
$366,160
Cap Rate 7%
$261,543
Cap Rate 9%
$203,422
Alternative Uses
Best Use
Multifamily LT 5
$261.5K
$228.9K – $305.1K
NOI $18,308 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$242.8K
$212.4K – $283.3K
NOI $16,995 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$511.1K
$447.2K – $596.3K
NOI $35,775 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
174
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 - Each residence has two bedrooms, two baths, a garage, and an attached carport.
Where is this duplex located?
The property is located at 1439 SW Kellenbeck Avenue Grants Pass, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,254‑square‑foot duplex built in 2004; Two single‑level residences, each with 2 bedrooms and 2 bathrooms; A single‑car garage and an attached carport serve each unit
