Contemporary Duplex with Private
For Sale
$400,000
Pending
231 W Bolz Road, Phoenix, OR 97535
MULTI_FAMILY - Contemporary - Phoenix, OR
Property Size2,224 SF
Lot Size0.11 Acres
Days on Market49
Property Features for 231 W Bolz Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Parking features
Assigned, Carport, On Street
Security features
Security System
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Porch
Interior features
Laminate Counters, Linen Closet, Shower/Tub Combo
Appliances
Instant Hot Water, Oven, Range, Refrigerator, Water Heater
Subdivision
Gemini Estates Subdivision
Lot features
Level
View
Valley
Elementary school
Phoenix Elem
Middle school
Talent Middle
High school
Phoenix High
Standard status
Pending
APN
10627693
Size
2,224 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3144
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Heat Pump
Water source
Public
Amenities
private fenced patio
grassy yard
covered parking
Building Details
Year built
1979
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Frame
Roof type
Membrane, Composition
Architectural style
Contemporary
Additional Structures
Storage
Listing Agency:
John L. Scott Ashland
(541) 488-1311
Listed By:
Scott Lewis · License #200604146
(541) 821-8284
Added: Jun 15
Changed: Aug 1
Last Checked: Aug 2 at 5:06PM
MLS# 220223407
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 contemporary duplex on W Bolz Road includes a bright kitchen and dining area, generous storage, and two upstairs bedrooms in each unit. Interior features include laminate counters, a linen closet, and a shower/tub combo. The home is served by a heat pump with central air, and the appliances include an instant hot water unit, oven/range, refrigerator, and water heater. Each unit has access to a private fenced patio, and the front of the property includes a grassy yard. Covered parking is available in the rear, with assigned parking, a carport, and on-street parking.
The property is approximately 0.11 acres with a reported building size of 2,224 square feet and was built in 1979. Utilities include public water and public sewer. The roof includes membrane and composition materials.
The three buildings at 211, 231, and 241 are listed individually or can be purchased as a combined portfolio. Unit 211B is currently vacant and ready to show, with tenant-occupied units available to view upon an accepted offer. Additional details are provided in associated documents.
The property is approximately 0.11 acres with a reported building size of 2,224 square feet and was built in 1979. Utilities include public water and public sewer. The roof includes membrane and composition materials.
The three buildings at 211, 231, and 241 are listed individually or can be purchased as a combined portfolio. Unit 211B is currently vacant and ready to show, with tenant-occupied units available to view upon an accepted offer. Additional details are provided in associated documents.
Key Highlights
- Two‑unit duplex with private fenced patio for each unit
- Built in 1979 with frame construction and a contemporary architectural style
- 2,224 SF building size on a 0.11‑acre lot
Financial Insights For Multifamily LT 5
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 | $36.0k | $16.20 |
| − Vacancy | −$2.0k | −$0.89 |
| EGI | $34.0k | $15.31 |
| − OpEx | −$10.2k | −$4.59 |
| NOI | $23.8k | $10.72 |
2,224 SF · lease $16.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.5K
$297.9K – $397.2K
NOI $23,833 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$298.8K
$261.5K – $348.6K
NOI $20,917 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$536.8K
$469.7K – $626.3K
NOI $37,577 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 97535, OR
5,015
Population
2,104
Households
2.4
Avg Household Size
46
Median Age
30%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
1,520
Density / Sq Mi
$60,451
Median Household Income
$35,000
Median Earnings
$1,284
Median Rent
$374,600
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?
Duplex - Duplex with upstairs bedrooms, private fenced patios for each unit, and covered rear parking plus carport and on-street spaces.
Where is this duplex located?
The property is located at 231 W Bolz Road Phoenix, OR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex with private fenced patio for each unit; Built in 1979 with frame construction and a contemporary architectural style; 2,224 SF building size on a 0.11‑acre lot
