Four-Unit Residential Income
For Sale
$705,000
2145 NW Heidi Lane, Grants Pass, OR 97526
Residential Income, Grants Pass, OR
Property Size3,948 SF
Lot Size0.24 Acres
Price / SF$178.57
Days on Market99
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Property Features for 2145 NW Heidi Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-3; Res High Density
Parking features
On Street
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Porch
Interior features
Linen Closet, Primary Downstairs, Shower/Tub Combo
Appliances
Dishwasher, Oven, Range, Refrigerator, Water Heater
Subdivision
Heidi Estates Subdivision
Lot features
Level, Sloped
Elementary school
Check with District
Middle school
Check with District
High school
Grants Pass High
Directions
Hawthorne to NW North Hill Dr to Heidi to address. GPS works
Standard status
Active
APN
R335236
Size
3,948 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5807
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1991
Floors in Building
2
Number of units
4
Flooring type
Laminate, Carpet, Vinyl
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 9
Last Checked: Oct 15 at 1:06PM
MLS# 220224925
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 income property contains 3,948 square feet on a 0.24-acre lot and was built in 1991. The frame-constructed building includes carpet, vinyl, and laminate flooring, along with dishwashers, ovens, ranges, refrigerators, and water heaters. Interior details include linen closets, downstairs primary bedrooms, and shower/tub combinations. Each unit is served by electric heat, heat pumps, and heat-pump cooling.
The property is located at 2145 NW Heidi Lane in Grants Pass, Oregon. Public water and public sewer serve the property. Exterior features include a composition roof, porch, and on-street parking.
The property is located at 2145 NW Heidi Lane in Grants Pass, Oregon. Public water and public sewer serve the property. Exterior features include a composition roof, porch, and on-street parking.
Key Highlights
- Four‑unit property with 3,948 square feet of building area
- Situated on a 0.24‑acre lot in Grants Pass, OR
- Built in 1991 with frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,067
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,340
$641.3K
Cap Rate 7%
$458,100
$458.1K
Cap Rate 9%
$356,300
$356.3K
Market Conditions
NOI Build-Up for 3,948 SF
Gross rent
$48.3K $12.24/SF
− Vacancy
−$2.5K −$0.64/SF
EGI
$45.8K $11.60/SF
− OpEx
−$13.7K −$3.48/SF
NOI
$32.1K $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%
$641,340
Cap Rate 7%
$458,100
Cap Rate 9%
$356,300
Alternative Uses
Best Use
Multifamily LT 5
$458.1K
$400.8K – $534.5K
NOI $32,067 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$425.2K
$372.1K – $496.1K
NOI $29,767 @ 7.0% cap · market cap 4.22%
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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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
331
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Frame construction with public water and sewer, heat-pump systems, and on-street parking.
Where is this quadplex 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: Four‑unit property with 3,948 square feet of building area; Situated on a 0.24‑acre lot in Grants Pass, OR; Built in 1991 with frame construction
