Four-Unit Quadplex with
For Sale
$699,900
1806 Medart Lane, Grants Pass, OR 97527
Residential Income, Grants Pass, OR
Property Size4,224 SF
Lot Size0.27 Acres
Price / SF$165.70
Days on Market94
Property Features for 1806 Medart Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-3; Res High D
Parking features
Driveway, Parking Lot, Open, On Street
Window features
Double Pane Windows
Patio and Porch features
Patio, Porch, Deck
Interior features
Ceiling Fan(s), Linen Closet, Primary Downstairs, Shower/Tub Combo
Appliances
Dishwasher, Oven, Range, Water Heater
Lot features
Landscaped, Level
Elementary school
Check with District
Middle school
Check with District
High school
Grants Pass High
Directions
Redwood Ave to Kellenbeck to Medart to address.
Standard status
Active
APN
R335815
Size
4,224 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5327
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1992
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Laminate, Carpet
Building materials
Frame
Roof type
Composition
Listing Agency:
RE/MAX Integrity Grants Pass · RE/MAX International
(541) 955-8483
Listed By:
Michael D Masters · License #801004242
(541) 770-3325
Added: Jul 9
Changed: Oct 2
Last Checked: Oct 10 at 11:06AM
MLS# 220224924
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.
This four-unit residential property contains 4224 square feet within a frame-built structure constructed in 1992. Interior features include ceiling fans, linen closets, downstairs primary bedrooms, and shower/tub combinations. Unit appliances include dishwashers, ovens, ranges, and water heaters, while vinyl, carpet, and laminate flooring are installed throughout the property.
The 0.27-acre site at 1806 Medart Lane in Grants Pass includes decks, a porch, and a patio. Parking is provided through open areas, a driveway, a parking lot, and on-street options. The property is served by public water and public sewer, with electric heat pump heating and heat pump cooling. A composition roof completes the improvements.
The 0.27-acre site at 1806 Medart Lane in Grants Pass includes decks, a porch, and a patio. Parking is provided through open areas, a driveway, a parking lot, and on-street options. The property is served by public water and public sewer, with electric heat pump heating and heat pump cooling. A composition roof completes the improvements.
Key Highlights
- Four‑unit quadplex with 4224 square feet of building area
- Located at 1806 Medart Lane, Grants Pass, OR 97527
- 0.27‑acre site with decks, porch, and patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,309
Cap Rate
4.90%
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 4.90%
Second Best
Apartment 5plus
$455.0K
$398.1K – $530.8K
NOI $31,848 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$957.7K
$838.0K – $1.12M
NOI $67,042 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
141
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units with public water and sewer, heat pump systems, and several outdoor gathering areas.
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 $699,900.
What are key features of this property?
This property features: Four‑unit quadplex with 4224 square feet of building area; Located at 1806 Medart Lane, Grants Pass, OR 97527; 0.27‑acre site with decks, porch, and patio
