Craftsman Multifamily
New
For Sale
$1,395,000
254 Grant Street, Ashland, OR 97520
Residential Income, Ashland, OR
Property Size11,208 SF
Lot Size0.03 Acres
Price / SF$124.46
Days on Market4
Property Features for 254 Grant Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-2
Parking features
Carport, Assigned, On Street
Window features
Vinyl Frames, Double Pane Windows
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
10982939
Size
11,208 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3472
HOA Fee
$1,130 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
high ceilings
in-unit laundry
granite counters
all appliances included
dedicated parking
storage
landscaped common areas
fenced private backyards
poured concrete patios
Building Details
Year built
2003
Floors in Building
1
Number of units
6
Flooring type
Carpet, Tile, Vinyl
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: Aug 17
Changed: Aug 19
Last Checked: Aug 20 at 5:06AM
MLS# 220227184
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 multifamily property in Ashland’s Hillview Condominiums was built in 2003 and contains 11,208 square feet. The residences feature two bedrooms, one full bathroom, open living and dining areas, high ceilings, in-unit laundry, and kitchens equipped with granite countertops and appliances. Ground-level homes include enclosed private backyards and poured concrete patios, while the property also provides storage and assigned parking.
The building is near Scenic Park and Asante Ashland. Exterior responsibilities handled by the association include the roofs, siding, exterior paint, and landscaping. Additional property features include Craftsman architecture, frame construction, composition roofing, forced-air natural gas heat, central air conditioning, public water, and public sewer.
The building is near Scenic Park and Asante Ashland. Exterior responsibilities handled by the association include the roofs, siding, exterior paint, and landscaping. Additional property features include Craftsman architecture, frame construction, composition roofing, forced-air natural gas heat, central air conditioning, public water, and public sewer.
Key Highlights
- 11,208‑square‑foot multifamily property built in 2003
- Two‑bedroom residences with one full bathroom and open living and dining areas
- Granite‑counter kitchens with included appliances and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,411
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,108,220
$2.1M
Cap Rate 7%
$1,505,871
$1.5M
Cap Rate 9%
$1,171,233
$1.2M
Market Conditions
NOI Build-Up for 11,208 SF
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.
Gross rent
$201.7K $18.00/SF
− Vacancy
−$10.1K −$0.90/SF
EGI
$191.7K $17.10/SF
− OpEx
−$86.2K −$7.69/SF
NOI
$105.4K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,108,220
Cap Rate 7%
$1,505,871
Cap Rate 9%
$1,171,233
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,411 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,370 @ 7.0% cap · market cap 13.57%
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
454
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Craftsman-style residences offer private outdoor areas, assigned parking, in-unit laundry, and access to landscaped common grounds.
Where is this multifamily property located?
The property is located at 254 Grant Street Ashland, OR.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 11,208‑square‑foot multifamily property built in 2003; Two‑bedroom residences with one full bathroom and open living and dining areas; Granite‑counter kitchens with included appliances and in‑unit laundry
