Two-Unit Residential Income
152 Maple Street Ashland, OR 97520
152 Maple Street, Ashland, OR, 97520
$1,045,000
For Sale
$1,045,000
Two updated residences on one tax lot with separate addresses and meters, plus a large detached garage and off-street parking.
Property Size3,270 SF
Price / SF$319.57
Days on Market258
Property Features for 152 Maple Street
General Information
- Standard status
- Active
- Size
- 3,270 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1895
Listing agency
Patie Millen Group
(541) 301-3435
Listed by
Patricia Millen · License #940200113
(541) 301-3435
Source
Compass
Added: Nov 5, 2025 Updated: Jul 21 at 1:16PM Checked: Jul 21 at 1:16PM
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 Patie Millen Group
Investment Insights
Based on property information with market context.
This rare two-unit residential income property includes two updated residences on one tax lot, each with its own address and separate meters, along with a large detached garage. The main home was fully renovated in 2018 and offers a covered porch, an easy one-level flow with living, kitchen, dining, one bedroom, a bath, and laundry, plus three additional bedrooms and a bath upstairs. A second residence, also built in 2018, is a single-level 2-bedroom, 2-bath home with high ceilings and an airy contemporary layout. Above the garage is an additional 480 sf space with an extra bedroom and a full bath, suited for guests or work.
The property is located at the corner of Rock and Maple. R2 zoning is noted, so the two units could qualify for AirBNB, and the homes are positioned near downtown.
All homes are described as immaculate with stylish updates, modern systems, and off-street parking.
The property is located at the corner of Rock and Maple. R2 zoning is noted, so the two units could qualify for AirBNB, and the homes are positioned near downtown.
All homes are described as immaculate with stylish updates, modern systems, and off-street parking.
Key Highlights
- Two updated residences on one tax lot with separate addresses and separate meters
- Main home: fully renovated in 2018, 1,720 sq ft, 4 bedrooms, 2 baths, covered porch, 2‑story layout with main‑level living area, kitchen, dining, 1 bedroom and bath, plus 3 bedrooms and bath upstairs
- Second home: built in 2018, single‑level 2‑bed/2‑bath, 1,070 sq ft, high ceilings and contemporary open layout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.0k | $16.20 |
| − Vacancy | −$2.9k | −$0.89 |
| EGI | $50.1k | $15.31 |
| − OpEx | −$15.0k | −$4.59 |
| NOI | $35.0k | $10.72 |
3,270 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$500.6K
$438.0K – $584.0K
NOI $35,042 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$439.3K
$384.4K – $512.6K
NOI $30,754 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$789.3K
$690.6K – $920.8K
NOI $55,250 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated residences on one tax lot with separate addresses and meters, plus a large detached garage and off-street parking.
Where is this duplex located?
The property is located at 152 Maple Street Ashland, OR.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: Two updated residences on one tax lot with separate addresses and separate meters; Main home: fully renovated in 2018, 1,720 sq ft, 4 bedrooms, 2 baths, covered porch, 2‑story layout with main‑level living area, kitchen, dining, 1 bedroom and bath, plus 3 bedrooms and bath upstairs; Second home: built in 2018, single‑level 2‑bed/2‑bath, 1,070 sq ft, high ceilings and contemporary open layout
