Five-Unit Co-Housing Apartment
For Sale
$800,000
166 N Mountain Ave., Ashland, OR 97520
Completed in 2023, the property combines private living spaces with shared kitchen facilities and an attached unit with its own kitchen and laundry.
Property Size2,481 SF
Price / SF$322.45
Days on Market12
Property Features for 166 N Mountain Ave.
General Information
Standard status
Active
Size
2,481 SF
Property subtype
Residential Income
Zoning
Res
Financials
Asking Price
$800,000
Cap Rate
7.08%
Gross Income
$82,500
Gross Rent Multiplier
9.7
Units
Unit Mix
3 x studio, 1 x 2BR, 1 x 1BR
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,381
Amenities
rooftop solar
energy recovery ventilation
ductless mini-split heat pumps
in-unit laundry
keypad entry
fiber internet
common kitchen
Fiberglass Stall Shower
Courtyard
Building Details
Building Size
2,481 SF
Year Built
2023
Buildings
1
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 25
Last Checked: Oct 26 at 3:45AM
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
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Investment Insights
Based on property information with market context.
Completed in 2023, this five-unit apartment property contains three main-floor studios with private bathrooms, an upstairs two-bedroom unit, and an attached one-bedroom A.R.U. The studios and upstairs unit share a full kitchen; the A.R.U. has a separate kitchen, bathroom, and laundry. Gross building area is 2,481 SF, with in-unit laundry and keypad entry. Energy features include rooftop solar, energy recovery ventilation, and ductless mini-split heat pumps in every unit. The building carries an Earth Advantage Platinum design designation, and utilities, including fiber internet, are paid by the owner.
The property is in Ashland’s Beach Creek neighborhood, with a Walk Score of 70 and Bike Score of 82. Downtown Ashland, Southern Oregon University, and North Mountain Park are described as minutes away. Zoning is Res. The reported GRM is 9.70, with a 7.08% cap rate based on trailing twelve-month NOI.
The property is in Ashland’s Beach Creek neighborhood, with a Walk Score of 70 and Bike Score of 82. Downtown Ashland, Southern Oregon University, and North Mountain Park are described as minutes away. Zoning is Res. The reported GRM is 9.70, with a 7.08% cap rate based on trailing twelve-month NOI.
Key Highlights
- Five‑unit co‑housing property completed in 2023
- 2,481 SF of gross building area
- Three studios, one two‑bedroom unit, and one one‑bedroom A.R.U.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,334
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,680
$466.7K
Cap Rate 7%
$333,343
$333.3K
Cap Rate 9%
$259,267
$259.3K
Market Conditions
NOI Build-Up for 2,481 SF
Gross rent
$44.7K $18.00/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$42.4K $17.10/SF
− OpEx
−$19.1K −$7.69/SF
NOI
$23.3K $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%
$466,680
Cap Rate 7%
$333,343
Cap Rate 9%
$259,267
Alternative Uses
Best Use
Apartment 5plus
$333.3K
$291.7K – $388.9K
NOI $23,334 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$598.8K
$524.0K – $698.7K
NOI $41,919 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Completed in 2023, the property combines private living spaces with shared kitchen facilities and an attached unit with its own kitchen and laundry.
Where is this apartment building located?
The property is located at 166 N Mountain Ave. 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‑unit co‑housing property completed in 2023; 2,481 SF of gross building area; Three studios, one two‑bedroom unit, and one one‑bedroom A.R.U.
