Back to Search

Mixed-Use Investment Opportunity

1480 Rogue River Hwy, Grants Pass, OR 97527

View on Map

For Sale

Contact for pricing

Versatile property with residential apartments and remodeled office suite.

Type:Mixed Use, Multifamily, Office

Property size:

3,679 SF

Price / SF:

$131/SF

HighLights

Strong Rogue River Highway frontage provides excellent visibility.
Mixed‑use property with three units: two residential apartments and a remodeled office suite.
Immediate income from currently rented commercial space and one apartment.
On‑site parking lot with approximately 12 spaces.
Remodeled commercial office space includes a kitchenette and private bathroom.
Laundry facilities located at the rear of the building for tenant convenience.

We can help!

Contact an agent

Mary Parsagian

For Sale

Contact for pricing

Versatile property with residential apartments and remodeled office suite.

Type:Mixed Use, Multifamily, Office

Property size:

3,679 SF

Price / SF:

$131/SF

Added:: Feb 10, 2026
Days on Market:: 138
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 1480 Rogue River Hwy

General Information

Standard status: Active
Size: 3,679 SF
Property subtype: Mixed Use, Multifamily, Office

Building Details

Year Built: 1963

We can help!

Contact an agent

Mary Parsagian

Listing office RE/MAX Integrity Grants Pass

Listing date Feb 10, 2026

Source Crexi

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 Integrity Grants Pass

HighLights

Strong Rogue River Highway frontage provides excellent visibility.
Mixed‑use property with three units: two residential apartments and a remodeled office suite.
Immediate income from currently rented commercial space and one apartment.
On‑site parking lot with approximately 12 spaces.
Remodeled commercial office space includes a kitchenette and private bathroom.
Laundry facilities located at the rear of the building for tenant convenience.

Overview

This mixed-use property offers a versatile investment opportunity with frontage on Rogue River Highway. The property includes three units: two residential apartments and a remodeled office suite. The residential component features a 2-bedroom, 1-bath apartment and a 1-bedroom, 1-bath apartment, providing rental potential. The commercial office space has been remodeled and includes a kitchenette and a private bathroom. Laundry facilities are located at the rear of the building for tenant convenience. On-site parking is available with approximately 12 spaces for both commercial and residential tenants. Currently, the commercial space and one apartment are rented, providing immediate income. The property has excellent visibility and flexible use.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$61.8k	$16.80
− Vacancy	−$5.9k	−$1.60
EGI	$55.9k	$15.20
− OpEx	−$14.0k	−$3.80
NOI	$42.0k	$11.40

3,679 SF · lease $16.80/SF/yr · vacancy 9.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$599.3K

$524.4K – $699.2K (±1% cap)

NOI $41,952 @ 7.0% cap · market cap 8.65%

Second Best

Mixed Use

$471.4K

$412.5K – $550.0K (±1% cap)

NOI $33,001 @ 7.0% cap · market cap 6.80%

Theoretical Best

Office A

$834.2K

$729.9K – $973.2K (±1% cap)

NOI $58,392 @ 7.0% cap · market cap 12.04%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Evans Real Estate Real Estate Agency Rick Evans Interiors,LLC Construction Company

Suggested Use

Location Insight

Map
Local Demand

City: Grants Pass
County: Josephine
State: Oregon
Longitude: -123.309146
Latitude: 42.422403

Nearby Similar for Sale

$999,000

3,200 SF

Turnkey Tavern and Entertainment Venue

Barn-style building remodeled in 2023 with fenced patio and stage for live events and food service.

2039 Redwood Avenue, Grants Pass, OR 97527

View Details
$955,000

7,250 SF

Commercial Building in Downtown Grants

Three storefronts with solid leases in downtown Grants Pass.

424 NW 6th Street, Grants Pass, OR 97526

View Details
$597,000

4,800 SF

Two-Level Office Building with Private Access

Flexible two-level office layout with separate upper and lower access plus on-site parking.

233 NE B Street, Grants Pass, OR 97526

View Details
$699,000

2,120 SF

Grants Pass Commercial Building

Versatile commercial building in a convenient, visible Grants Pass location.

856 NE 7th Street, Grants Pass, OR 97526

View Details
$1,190,000

5,699 SF

Nine-Unit Multifamily Investment Opportunity

Rare investment property with nine units and RV parking.

4600 Rogue River Highway, Grants Pass, OR 97527

View Details
$295,000

1,440 SF

Corner Lot Office Building

Office building with multiple private offices, open workspace, break room, heat pump HVAC, and backup generator.

515 NE 8th Street, Grants Pass, OR 97526

View Details
$1,750,000

19,704 SF

Turnkey Storage Facility with Apartment

Grants Pass storage facility with income potential and room to grow.

578 NE Agness Avenue, Grants Pass, OR 97526

View Details
$639,000

4,320 SF

Fourplex with Gated Front Yards

Fourplex built in 1964 offering two-bedroom units with private gated yard space, rear parking, and storage units.

711 SW Burgess Street, Grants Pass, OR 97526

View Details
$574,000

2,245 SF

Updated Duplex with Attached Garages

Well-maintained duplex with two 3-bedroom, 2-bath units and attached two-car garages for each residence.

1232 W Harbeck Road, Grants Pass, OR 97527

View Details
$1,550,000

15,978 SF

Medical Office with Atrium

A mid-century medical office with skylights, exam rooms, and a fenced courtyard, supported by upgraded HVAC and fiber.

125 NE Manzanita Avenue, Grants Pass, OR 97526

View Details
$425,000

3,679 SF

Mixed-Use Building with Office Suite

Three-unit mixed-use building with a remodeled office suite plus two apartments and on-site parking.

1480 Rogue River Highway, Grants Pass, OR 97527

View Details
$460,000

2,520 SF

Updated Income Property on Acreage

Renovated duplex on 1.84 acres with expansion potential.

3361 Camp Joy Road, Grants Pass, OR 97526

View Details

For sale
Mixed-use properties
OR
Grants Pass
97527
1480 Rogue River Hwy

What type of property is this?

Mixed-use property - Versatile property with residential apartments and remodeled office suite.

Where is this mixed-use property located?

The property is located at 1480 Rogue River Hwy Grants Pass, OR.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: Strong Rogue River Highway frontage provides excellent visibility.; Mixed‑use property with three units: two residential apartments and a remodeled office suite.; Immediate income from currently rented commercial space and one apartment.