Craftsman 10-Unit Apartment
For Sale
$2,250,000
230 Grant Street, Ashland, OR 97520
MULTI_FAMILY - Craftsman - Ashland, OR
Property Size11,208 SF
Price / SF$200.75
Days on Market94
Property Features for 230 Grant Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-2
Parking features
Assigned, On Street, Carport
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Porch, Patio
Interior features
Built-in Features, Granite Counters, Linen Closet, Primary Downstairs, Shower/Tub Combo
Appliances
Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater
Lot features
Garden, Landscaped, Level
View
Mountains, Park
Elementary school
Helman Elem
Middle school
Ashland Middle
High school
Ashland High
Standard status
Active
APN
10982932
Size
11,208 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
32434
HOA Fee
$2,686 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
granite counters
appliances included
high ceilings
dedicated parking
storage
landscaped common areas
private backyards
patios
Building Details
Year built
2003
Floors in Building
1
Number of units
10
Flooring type
Vinyl, Carpet, Tile
Building materials
Frame
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
John L. Scott Ashland
(541) 488-1311
Listed By:
Rowe Real Estate Team · License #201218617
(541) 708-3975
Added: Apr 30
Changed: Aug 1
Last Checked: Aug 1 at 10:06PM
MLS# 220220428
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 craftsman apartment property is part of Ashland’s Hillview Condominiums and offers ten apartment units in a frame structure built in 2003. The residences are ground-level and include open living and dining space, high ceilings, in-unit laundry, and kitchen finishes with granite counters. Each unit is a two-bedroom layout with one full bath, along with built-in features and an included appliance package. Outdoor space includes fully fenced private backyards and poured concrete patios.
The property provides dedicated parking plus assigned and on-street parking, and also includes carport parking. Heating is forced air with natural gas, and cooling is central air. The roof is composition, with public water and public sewer services.
Tenancy is described as stable, with an average occupancy of 4.2 years, and the exterior building components are associated-maintained, including roofs, siding, paint, and landscaping. Units range from 1,034 to 1,174 square feet.
The property provides dedicated parking plus assigned and on-street parking, and also includes carport parking. Heating is forced air with natural gas, and cooling is central air. The roof is composition, with public water and public sewer services.
Tenancy is described as stable, with an average occupancy of 4.2 years, and the exterior building components are associated-maintained, including roofs, siding, paint, and landscaping. Units range from 1,034 to 1,174 square feet.
Key Highlights
- Ten‑unit apartment property in Ashland’s Hillview Condominiums
- Ground‑level units with fully fenced private backyards and poured concrete patios
- Each unit offers two bedrooms and one full bath, with in‑unit laundry
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 | $201.7k | $18.00 |
| − Vacancy | −$10.1k | −$0.90 |
| EGI | $191.7k | $17.10 |
| − OpEx | −$86.2k | −$7.69 |
| NOI | $105.4k | $9.41 |
11,208 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,411 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,370 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 97520, OR
25,970
Population
13,964
Households
1.9
Avg Household Size
47
Median Age
61%
College-Educated
96%
High-School Grad
328.8 sq mi
ZIP Area
79
Density / Sq Mi
$71,485
Median Household Income
$31,869
Median Earnings
$1,360
Median Rent
$568,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 2003-built apartments with central air, in-unit laundry, and private fenced yards, with assigned, on-street, and carport parking.
Where is this apartment building located?
The property is located at 230 Grant Street Ashland, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Ten‑unit apartment property in Ashland’s Hillview Condominiums; Ground‑level units with fully fenced private backyards and poured concrete patios; Each unit offers two bedrooms and one full bath, with in‑unit laundry
