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    Duplex with Private Fenced Patios Title is generated by Realmo AI

    231 W Bolz Road, Phoenix, OR 97535

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    Claim this Listing
    New
    For Sale
    $400,000

    MULTI_FAMILY - Contemporary - Phoenix, OR

    Property size:
    2,224 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $179/SF
    Added:
    Jun 15, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 17 at 12:06 am

    Property Features for 231 W Bolz Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Carport, Assigned, 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
    Standard status
    Active
    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
    Heat Pump, Central Air
    Water source
    Public

    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

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    Listing Contact
    Scott Lewis
    Scott Lewis

    Listing agent Scott Lewis License #200604146

    Listing office John L. Scott Ashland 320 E Main Street #100, Medford, OR

    Listing date Jun 15, 2026

    MLS# 220223407 Listing URL

    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.

    HighLights

    • 1979‑built contemporary duplex with laminate counters, laminate/carpet flooring, and shower/tub combos
    • Separate private fenced patio off each unit, plus a grassy yard at the front
    • Two upstairs bedrooms per unit, including one larger bedroom
    • Heating and cooling include heat pump (heating), central air, and a heat pump
    • Appliances include instant hot water, oven/range, and refrigerator; water heater included
    • Parking includes carport, assigned parking, and on‑street parking

    Overview

    This contemporary duplex at 231 W Bolz Road offers two levels of living space with bright kitchen and dining areas, along with generous storage. Each unit includes two upstairs bedrooms, including one generously sized room. Outdoor space is available via a private, fenced patio off each unit, providing a contained area for gardening, fresh air, or relaxation.

    The property includes a welcoming grassy yard at the front and convenient covered parking located toward the rear. The listing also references three buildings at 211, 231, and 241 W Bolz Road, which are available either individually or as a combined portfolio purchase. Unit 211B is currently vacant and ready to show, while the other units are tenant-occupied and may be viewed upon an accepted offer.

    For buyers seeking an income-producing residential property with outdoor space for each unit, this duplex configuration is designed for straightforward occupancy. The presence of covered parking and the separate fenced patios can support day-to-day tenant comfort, while the option to purchase all three buildings provides flexibility for those building a larger portfolio from the same location.

    Local 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 (±1% cap)
    NOI $23,833 @ 7.0% cap · market cap 5.96%
    Second Best
    Apartment 5plus
    $298.8K
    $261.5K – $348.6K (±1% cap)
    NOI $20,917 @ 7.0% cap · market cap 5.23%
    Theoretical Best
    Office A
    $536.8K
    $469.7K – $626.3K (±1% cap)
    NOI $37,577 @ 7.0% cap · market cap 9.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Jackson
    State
    Oregon
    Longitude
    -122.8221
    Latitude
    42.277224

    FAQs

    What type of property is this?
    Duplex - Two upstairs bedrooms per unit with private fenced patio space and convenient covered parking in the rear.
    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: 1979‑built contemporary duplex with laminate counters, laminate/carpet flooring, and shower/tub combos; Separate private fenced patio off each unit, plus a grassy yard at the front; Two upstairs bedrooms per unit, including one larger bedroom
    More about this property
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