Six-Unit Apartment
For Sale
$780,000
1704 NE Fairview Ave, Grants Pass, OR 97526
Six residential units offer two-bedroom layouts, one-bath configurations, and covered parking in a multifamily setting.
Property Size6,435 SF
Price / SF$121.21
Days on Market52
Property Features for 1704 NE Fairview Ave
General Information
Standard status
Active
Size
6,435 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Cap Rate
6.9%
Amenities
covered parking
Building Details
Year Built
1978
Listing Agency:
Sunriver Realty
(541) 480-8565
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Sep 11
Changed: Oct 31
Last Checked: Nov 1 at 5:37AM
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 Sunriver Realty
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Investment Insights
Based on property information with market context.
This 6,435-square-foot apartment property contains six units, each configured with two bedrooms and one bathroom. Covered parking serves the residences, while mini-split systems were added in 2025. The property was built in 1978 and also features newer roofing and scheduled exterior painting in 2026.
Reported occupancy has remained at 100% for years. The property operates at a 6.9% cap rate and is positioned near shopping centers, dining options, and regional medical facilities. Current rents are described as near market averages, with potential for modest rental growth.
Reported occupancy has remained at 100% for years. The property operates at a 6.9% cap rate and is positioned near shopping centers, dining options, and regional medical facilities. Current rents are described as near market averages, with potential for modest rental growth.
Key Highlights
- Six units with a 2‑bedroom, 1‑bathroom layout
- 6,435‑square‑foot apartment property built in 1978
- 100% occupied for years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,519
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,380
$970.4K
Cap Rate 7%
$693,129
$693.1K
Cap Rate 9%
$539,100
$539.1K
Market Conditions
NOI Build-Up for 6,435 SF
Gross rent
$92.7K $14.40/SF
− Vacancy
−$4.4K −$0.69/SF
EGI
$88.2K $13.71/SF
− OpEx
−$39.7K −$6.17/SF
NOI
$48.5K $7.54/SF
Area
Josephine County, OR
Vacancy
4.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,380
Cap Rate 7%
$693,129
Cap Rate 9%
$539,100
Alternative Uses
Best Use
Apartment 5plus
$693.1K
$606.5K – $808.7K
NOI $48,519 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,134 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 97526, OR
36,561
Population
15,987
Households
2.3
Avg Household Size
47
Median Age
20%
College-Educated
91%
High-School Grad
140.7 sq mi
ZIP Area
260
Density / Sq Mi
$57,103
Median Household Income
$35,685
Median Earnings
$1,076
Median Rent
$379,700
Median Home Value
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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 - Six residential units offer two-bedroom layouts, one-bath configurations, and covered parking in a multifamily setting.
Where is this apartment building located?
The property is located at 1704 NE Fairview Ave Grants Pass, OR.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Six units with a 2‑bedroom, 1‑bathroom layout; 6,435‑square‑foot apartment property built in 1978; 100% occupied for years
