Income-Producing Rental Duplex and
1741 Rogue River Highway Grants Pass, OR 97527
New
1741 Rogue River Highway, Grants Pass, OR, 97527
$599,000
For Sale
$599,000
MULTI_FAMILY - Other - Grants Pass, OR
Property Size4,332 SF
Lot Size0.34 Acres
Price / SF$138.27
Days on Market2
Property Features for 1741 Rogue River Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Parking features
- Driveway, On Street
- Window features
- Vinyl Frames, Double Pane Windows
- Patio and Porch features
- Porch, Patio
- Interior features
- Ceiling Fan(s), Fiberglass Stall Shower, Laminate Counters, Linen Closet, Pantry, Shower/Tub Combo, Vaulted Ceiling(s)
- Appliances
- Cooktop, Oven, Range Hood, Refrigerator, Water Heater
- Standard status
- Active
- APN
- R315152
- Size
- 4,332 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2790
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating), Natural Gas, Ductless (Heating), Forced Air
- Cooling system
- Heat Pump, Ductless, Central Air
- Water source
- Well
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 5
- Flooring type
- Laminate
- Building materials
- Frame
- Roof type
- Composition, Metal
- Architectural style
- Other
- Additional Structures
- Storage
Listing agency
RE/MAX Integrity Grants Pass
(541) 955-8483
Listed by
Andy Fontes
(541) 660-5726
Added: Jul 20 Checked: Jul 21 at 8:06AM
MLS# 220225669
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.
Located at 1741 Rogue River Highway in Grants Pass, Oregon, this multifamily property consists of five rental units on a single parcel. The mix includes a stick-built duplex, two extensively updated manufactured homes, and a renovated park-model tiny home.
The seller’s remarks indicate long-term tenants in place and that recent improvements have been made. The property is listed as a For Sale investment opportunity.
For potential expansion, the public remarks state an adjoining parcel at 1550 Carnahan Drive is also available as part of a discounted package. According to information provided to the seller, the city would allow construction of a fourplex on that parcel with removal of the existing home; buyers are encouraged to verify development possibilities with the appropriate local agencies.
The seller’s remarks indicate long-term tenants in place and that recent improvements have been made. The property is listed as a For Sale investment opportunity.
For potential expansion, the public remarks state an adjoining parcel at 1550 Carnahan Drive is also available as part of a discounted package. According to information provided to the seller, the city would allow construction of a fourplex on that parcel with removal of the existing home; buyers are encouraged to verify development possibilities with the appropriate local agencies.
Key Highlights
- Five rental units on one parcel: stick‑built duplex, two updated manufactured homes, and a renovated park‑model tiny home
- Multiple HVAC systems including heat pump, ductless, and central air; heating includes heat pump, electric, natural gas, and forced air
- Public sewer and well water service
Local Financial Insights For Apartment 5plus
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 | $62.4k | $14.40 |
| − Vacancy | −$3.0k | −$0.69 |
| EGI | $59.4k | $13.71 |
| − OpEx | −$26.7k | −$6.17 |
| NOI | $32.7k | $7.54 |
4,332 SF · lease $14.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$466.6K
$408.3K – $544.4K
NOI $32,663 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$982.2K
$859.5K – $1.15M
NOI $68,756 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five rental units on one parcel, including a duplex, two updated manufactured homes, and a renovated park-model tiny home.
Where is this apartment building located?
The property is located at 1741 Rogue River Highway Grants Pass, OR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Five rental units on one parcel: stick‑built duplex, two updated manufactured homes, and a renovated park‑model tiny home; Multiple HVAC systems including heat pump, ductless, and central air; heating includes heat pump, electric, natural gas, and forced air; Public sewer and well water service
