Duplex with Single-Car
New
For Sale
$495,000
268 W Hersey St, Ashland, OR 97520
Two bright residences offer open layouts, laundry hookups, and off-street parking.
Property Size1,556 SF
Price / SF$318.12
Days on Market7
Property Features for 268 W Hersey St
General Information
Standard status
Active
Size
1,556 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
double-pane vinyl windows
washer/dryer hookups
single-car garages
ample off-street parking
Building Details
Year Built
1974
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty Southern Oregon
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Oct 4
Changed: Oct 7
Last Checked: Oct 9 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Southern Oregon
Investment Insights
Based on property information with market context.
This 1974 duplex contains two single-level residences with open floor plans and double-pane vinyl windows. Each unit has washer and dryer hookups and a single-car garage. One residence has vinyl plank flooring and refreshed interior paint. The building totals 1,556 square feet.
The property is on West Hersey Street in Ashland, a short distance from downtown.
The property is on West Hersey Street in Ashland, a short distance from downtown.
Key Highlights
- Two‑unit, single‑level duplex
- 1,556 square feet; built in 1974
- Each unit includes a single‑car garage and washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,675
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,500
$333.5K
Cap Rate 7%
$238,214
$238.2K
Cap Rate 9%
$185,278
$185.3K
Market Conditions
NOI Build-Up for 1,556 SF
Gross rent
$25.2K $16.20/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$23.8K $15.31/SF
− OpEx
−$7.1K −$4.59/SF
NOI
$16.7K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,500
Cap Rate 7%
$238,214
Cap Rate 9%
$185,278
Alternative Uses
Best Use
Multifamily LT 5
$238.2K
$208.4K – $277.9K
NOI $16,675 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$209.1K
$182.9K – $243.9K
NOI $14,634 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$375.6K
$328.6K – $438.2K
NOI $26,290 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,426
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two bright residences offer open layouts, laundry hookups, and off-street parking.
Where is this duplex located?
The property is located at 268 W Hersey St Ashland, OR.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑unit, single‑level duplex; 1,556 square feet; built in 1974; Each unit includes a single‑car garage and washer/dryer hookups
