Five-Unit Apartment
For Sale
$800,000
158 N Mountain Avenue, Ashland, OR 97520
The 2023 property pairs shared living space with private bathrooms, in-unit laundry, and heating and cooling throughout.
Property Size2,461 SF
Lot Size0.17 Acres
Price / SF$325.07
Days on Market12
Property Features for 158 N Mountain Avenue
General Information
Standard status
Active
Size
2,461 SF
Lot size
0.17 Acres
Property subtype
Residential Income
Zoning
Res
Net Operating Income
$49,846
Financials
Asking Price
$800,000
Cap Rate
6.23%
Units
Unit Mix
3 x studio, 1 x 2BR, 1 x 1BR (ARU)
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$9,381
Amenities
in-unit laundry
heating and cooling
electronic access
private kitchenettes
shared kitchen
common living area
solar power
high-efficiency HVAC and ERV systems
Energy Star appliances
on-demand water heating
landscaping
Fiberglass Stall Shower
Courtyard
Building Details
Building Size
2,461 SF
Year Built
2023
Stories
2
Units
5
Listing Agency:
Realty Net of Central Oregon
Listed By:
Greg D. Messick · License #200202047
(503) 300-6330
Source:
Desertskyrealestate
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 3:42AM
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 Realty Net of Central Oregon
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this five-unit co-housing property contains 2,461 square feet of gross building area on a 7,190-square-foot lot. The unit mix comprises three studios, one two-bedroom residence, and an attached one-bedroom A.R.U. Each unit has a private bathroom, in-unit laundry, heating and cooling, and electronic entry. Four units have private kitchenettes and access to a shared full kitchen and living area; the all-electric A.R.U. has its own kitchen. Improvements include solar power, high-efficiency HVAC and ERV systems, Energy Star appliances, and on-demand water heating. The community is described as net-zero, and rent includes utilities and fiber internet. The property is zoned Res and has a 6.23% cap rate.
At 158 N Mountain Avenue in Ashland, the property is a three-minute walk from the central bike path. Downtown Ashland and Southern Oregon University are also noted as accessible destinations. Walk Score is 70 and Bike Score is 82.
At 158 N Mountain Avenue in Ashland, the property is a three-minute walk from the central bike path. Downtown Ashland and Southern Oregon University are also noted as accessible destinations. Walk Score is 70 and Bike Score is 82.
Key Highlights
- Five units: three studios, one two‑bedroom unit, and one attached one‑bedroom A.R.U.
- 2,461 square feet of gross building area on a 7,190‑square‑foot lot
- 2023 construction; 6.23% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,146
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,920
$462.9K
Cap Rate 7%
$330,657
$330.7K
Cap Rate 9%
$257,178
$257.2K
Market Conditions
NOI Build-Up for 2,461 SF
Gross rent
$44.3K $18.00/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$42.1K $17.10/SF
− OpEx
−$18.9K −$7.69/SF
NOI
$23.1K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,920
Cap Rate 7%
$330,657
Cap Rate 9%
$257,178
Alternative Uses
Best Use
Apartment 5plus
$330.7K
$289.3K – $385.8K
NOI $23,146 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.0K
$519.8K – $693.0K
NOI $41,581 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Explore this area
Business Placement
Demographics for 97520, OR
25,970
Population
13,964
Households
1.9
Avg Household Size
47
Median Age
61%
College-Educated
96%
High-School Grad
328.8 sq mi
ZIP Area
79
Density / Sq Mi
$71,485
Median Household Income
$31,869
Median Earnings
$1,360
Median Rent
$568,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The 2023 property pairs shared living space with private bathrooms, in-unit laundry, and heating and cooling throughout.
Where is this apartment building located?
The property is located at 158 N Mountain Avenue Ashland, OR.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Five units: three studios, one two‑bedroom unit, and one attached one‑bedroom A.R.U.; 2,461 square feet of gross building area on a 7,190‑square‑foot lot; 2023 construction; 6.23% cap rate
