Fourplex Residential
For Sale
$675,000
1806 Medart Lane, Grants Pass, OR 97527
Four residential units offer a configuration suited to an owner-occupant or rental operation.
Property Size4,224 SF
Price / SF$159.80
Days on Market116
Property Features for 1806 Medart Lane
General Information
Standard status
Active
Size
4,224 SF
Property subtype
Residential Income
Zoning
R-3; Res High D
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,327
Amenities
Ceiling Fan(s)
Linen Closet
Shower/Tub Combo
High Speed Internet
Building Details
Building Size
4,224 SF
Year Built
1992
Stories
1
Units
4
Listing Agency:
RE/MAX Integrity Grants Pass
(541) 955-8483
Listed By:
Michael D Masters · License #801004242
(541) 660-6006
Source:
Desertskyrealestate
Added: Jul 9
Changed: Oct 26
Last Checked: Oct 29 at 8:24PM
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 RE/MAX Integrity Grants Pass
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Investment Insights
Based on property information with market context.
This fourplex contains 4,224 square feet across four residential units. Built in 1992, the property is zoned R-3; Res High D.
The property is located at 1806 Medart Lane in Grants Pass, Oregon. No additional site or access features are specified.
The property is located at 1806 Medart Lane in Grants Pass, Oregon. No additional site or access features are specified.
Key Highlights
- Four residential units
- 4,224 square feet of building area
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,309
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,180
$686.2K
Cap Rate 7%
$490,129
$490.1K
Cap Rate 9%
$381,211
$381.2K
Market Conditions
NOI Build-Up for 4,224 SF
Gross rent
$51.7K $12.24/SF
− Vacancy
−$2.7K −$0.64/SF
EGI
$49.0K $11.60/SF
− OpEx
−$14.7K −$3.48/SF
NOI
$34.3K $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 Rate 5%
$686,180
Cap Rate 7%
$490,129
Cap Rate 9%
$381,211
Alternative Uses
Best Use
Multifamily LT 5
$490.1K
$428.9K – $571.8K
NOI $34,309 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$455.0K
$398.1K – $530.8K
NOI $31,848 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$957.7K
$838.0K – $1.12M
NOI $67,042 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a configuration suited to an owner-occupant or rental operation.
Where is this quadplex located?
The property is located at 1806 Medart Lane Grants Pass, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four residential units; 4,224 square feet of building area; Built in 1992
