Single-Story Duplex
1632 Leonard Road Grants Pass, OR 97527
For Sale
$425,000
MULTI_FAMILY - Ranch - Grants Pass, OR
Property Size1,824 SF
Lot Size0.17 Acres
Price / SF$233
Days on Market15
Property Features for 1632 Leonard Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Driveway, Open, On Street
- Window features
- Vinyl Frames, Double Pane Windows
- Patio and Porch features
- Patio, Porch
- Interior features
- Linen Closet, Primary Downstairs, Shower/Tub Combo
- Appliances
- Dishwasher, Oven, Range, Refrigerator, Water Heater
- Standard status
- Active
- APN
- R336843
- Size
- 1,824 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3082
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1994
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Laminate, Carpet
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Ranch
Listing Agency:
RE/MAX Integrity Grants Pass
(541) 955-8483
Listed By:
Michael D Masters · License #801004242
(541) 770-3325
Added: Jul 9
Changed: Jul 18
Last Checked: Jul 23 at 2:06PM
MLS# 220224922
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a single-story duplex configured as two separate units within one ranch-style building. The listing describes a well-presented unit and an overall setup suited to affordable residential income use. The lot size is listed at 0.17 acres, providing outdoor space associated with the duplex.
The duplex is located at 1632 Leonard Road in Grants Pass, Oregon, in Josephine County. The public remarks indicate the property is near shopping, medical facilities, and schools.
For buyers seeking a straightforward duplex format, this layout supports common occupancy strategies such as living in one unit while renting the other. As a residential income property, it may also appeal to investors looking for an owner-occupied or small-scale rental arrangement, with the benefit of remaining single-story for day-to-day practicality. The offering is presented as a For Sale transaction, with the total property size reported as 1,824 square feet.
The duplex is located at 1632 Leonard Road in Grants Pass, Oregon, in Josephine County. The public remarks indicate the property is near shopping, medical facilities, and schools.
For buyers seeking a straightforward duplex format, this layout supports common occupancy strategies such as living in one unit while renting the other. As a residential income property, it may also appeal to investors looking for an owner-occupied or small-scale rental arrangement, with the benefit of remaining single-story for day-to-day practicality. The offering is presented as a For Sale transaction, with the total property size reported as 1,824 square feet.
Key Highlights
- Single‑story duplex built in 1994 with ranch architectural style
- Public water and public sewer service
- Heat pump heating and cooling with electric heating backup
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 | $22.3k | $12.24 |
| − Vacancy | −$1.2k | −$0.64 |
| EGI | $21.2k | $11.60 |
| − OpEx | −$6.3k | −$3.48 |
| NOI | $14.8k | $8.12 |
1,824 SF · lease $12.24/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$211.6K
$185.2K – $246.9K
NOI $14,815 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$196.5K
$171.9K – $229.2K
NOI $13,753 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$413.6K
$361.9K – $482.5K
NOI $28,950 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Affordable single-story duplex on a large lot, offering flexibility to live in one unit and rent the other.
Where is this duplex located?
The property is located at 1632 Leonard Road Grants Pass, OR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Single‑story duplex built in 1994 with ranch architectural style; Public water and public sewer service; Heat pump heating and cooling with electric heating backup
