Duplex with Two-Car
For Sale
$880,000
167 SE Champagne Court, Grants Pass, OR 97527
MULTI_FAMILY - Grants Pass, OR
Property Size4,138 SF
Lot Size0.13 Acres
Price / SF$212.66
Days on Market114
Property Features for 167 SE Champagne Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
R-1-10
Parking features
Open
Window features
Vinyl Frames, Double Pane Windows
Interior features
Ceiling Fan(s), Granite Counters, Kitchen Island
Appliances
Dishwasher, Microwave, Range, Water Heater
Lot features
Fenced, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Directions
Grandview Ave to Champagne Ct. (Near Cloverlawn Dr.)
Standard status
Active
APN
R316221
Size
4,138 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1306
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Composition
Listing Agency:
John L Scott Real Estate Grants Pass · John L. Scott
(541) 476-1299
Listed By:
Matthew Olmstead · License #201203916
(541) 476-1299
Added: Apr 21
Changed: Aug 1
Last Checked: Aug 12 at 7:06AM
MLS# 220219765
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.
Duplex under construction built as a one-of-a-kind two-home configuration, with each side designed to function like a standalone residence. Each unit offers over 2,000 sq ft and features 3 bedrooms, 2.5 bathrooms, and a large bonus room suited for a home office, playroom, or guest space. The open-concept layout includes kitchen island, granite counters, and ceiling fans, supported by a heat pump heating and cooling system.
A key differentiator is that each side has its own full 2-car garage. The home is framed construction with a composition roof, and it connects to public water and public sewer. Flooring includes carpet and vinyl.
This duplex is positioned for flexibility, including options for owner occupants, investors, or multi-generational living.
A key differentiator is that each side has its own full 2-car garage. The home is framed construction with a composition roof, and it connects to public water and public sewer. Flooring includes carpet and vinyl.
This duplex is positioned for flexibility, including options for owner occupants, investors, or multi-generational living.
Key Highlights
- Over 2,000 sq ft per unit duplex with 3 bedrooms and 2.5 bathrooms
- Large bonus room on each side for office, playroom, or guest space
- Full 2 car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$672,220
$672.2K
Cap Rate 7%
$480,157
$480.2K
Cap Rate 9%
$373,456
$373.5K
Market Conditions
NOI Build-Up for 4,138 SF
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.
Gross rent
$50.6K $12.24/SF
− Vacancy
−$2.6K −$0.64/SF
EGI
$48.0K $11.60/SF
− OpEx
−$14.4K −$3.48/SF
NOI
$33.6K $8.12/SF
Area
Josephine County, OR
Vacancy
5.20%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$672,220
Cap Rate 7%
$480,157
Cap Rate 9%
$373,456
Alternative Uses
Best Use
Multifamily LT 5
$480.2K
$420.1K – $560.2K
NOI $33,611 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$445.7K
$390.0K – $520.0K
NOI $31,200 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$938.2K
$821.0K – $1.09M
NOI $65,677 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 97527, OR
36,358
Population
15,481
Households
2.3
Avg Household Size
49
Median Age
19%
College-Educated
90%
High-School Grad
219.8 sq mi
ZIP Area
165
Density / Sq Mi
$66,396
Median Household Income
$35,825
Median Earnings
$1,350
Median Rent
$408,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under construction 2026 duplex with heat pump HVAC, public water and sewer, and parking for each unit’s garage.
Where is this duplex located?
The property is located at 167 SE Champagne Court Grants Pass, OR.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Over 2,000 sq ft per unit duplex with 3 bedrooms and 2.5 bathrooms; Large bonus room on each side for office, playroom, or guest space; Full 2 car garage for each unit
