Multifamily
For Sale
$705,000
2145 NW Heidi Lane, Grants Pass, OR 97526
The parcel carries R-3 residential high-density zoning.
Property Size3,948 SF
Days on Market37
Property Features for 2145 NW Heidi Lane
General Information
Standard status
Active
Size
3,948 SF
Property subtype
Residential Income
Zoning
R-3; Res High Density
Taxes and HOA fees
Annual Taxes
$5,806
Amenities
Park, Playground
Heat Pump
Electric, Heat Pump
Dishwasher, Oven, Range, Refrigerator, Water Heater
High Speed Internet
Mountain(s), Neighborhood
Asphalt, Attached, Concrete, No Garage, On Street, Garage
Other
Building Details
Building Size
3,948 SF
Year Built
1991
Listing Agency:
RE/MAX Ideal Brokers Medford, Inc.
Listed By:
Michael D Masters · License #801004242
(541) 660-6006
Source:
Evrealestate
Added: Sep 28
Changed: Oct 25
Last Checked: Nov 1 at 5:08AM
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 Ideal Brokers Medford, Inc.
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Investment Insights
Based on property information with market context.
Built in 1991, this multifamily property is located on NW Heidi Lane in Grants Pass, Oregon. Interior features include a heat pump, dishwasher, oven, range, refrigerator, water heater, and high-speed internet.
The property is zoned R-3; Res High Density.
The property is zoned R-3; Res High Density.
Key Highlights
- R‑3; Res High Density zoning
- Built in 1991
- Interior features include a heat pump and high‑speed internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,767
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,340
$595.3K
Cap Rate 7%
$425,243
$425.2K
Cap Rate 9%
$330,744
$330.7K
Market Conditions
NOI Build-Up for 3,948 SF
Gross rent
$56.9K $14.40/SF
− Vacancy
−$2.7K −$0.69/SF
EGI
$54.1K $13.71/SF
− OpEx
−$24.4K −$6.17/SF
NOI
$29.8K $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%
$595,340
Cap Rate 7%
$425,243
Cap Rate 9%
$330,744
Alternative Uses
Best Use
Apartment 5plus
$425.2K
$372.1K – $496.1K
NOI $29,767 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$895.2K
$783.3K – $1.04M
NOI $62,661 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The parcel carries R-3 residential high-density zoning.
Where is this multifamily property located?
The property is located at 2145 NW Heidi Lane Grants Pass, OR.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: R‑3; Res High Density zoning; Built in 1991; Interior features include a heat pump and high‑speed internet
