Duplex with Single-Car
New
For Sale
$495,000
268 W Hersey Street, Ashland, OR 97520
Residential Income, Ashland, OR
Property Size1,556 SF
Lot Size0.24 Acres
Price / SF$318.12
Days on Market3
Property Features for 268 W Hersey Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-3
Parking features
Parking Lot, Driveway
Window features
Double Pane Windows, Vinyl Frames
Interior features
Fiberglass Stall Shower, Laminate Counters, Shower/Tub Combo, Smart Thermostat, Tile Shower
Appliances
Oven, Range, Refrigerator, Water Heater
Lot features
Drip System, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Elementary school
Helman Elem
Middle school
Ashland Middle
High school
Ashland High
Standard status
Active
APN
10049202
Size
1,556 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3914
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Wall Furnace, Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
open floor plans
double-pane vinyl windows
washer/dryer hookups
off-street parking
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile, Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
John L Scott Ashland · John L. Scott
(541) 488-1311
Listed By:
The Gibson Group
(541) 708-1343
Added: Oct 2
Last Checked: Oct 4 at 4:06PM
MLS# 220229520
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 single-level duplex contains 1,556 square feet across two units, each with an open floor plan, double-pane vinyl windows, washer and dryer hookups, and a single-car garage. One unit has vinyl plank flooring and fresh interior paint. The 0.24-acre property was built in 1974 and has frame construction, a composition roof, and electric heating. Cooling is provided by window or wall/window units.
The property is on W Hersey Street in Ashland, a short distance from downtown. Public water and sewer serve the site. Parking is available in the driveway and parking lot.
The property is on W Hersey Street in Ashland, a short distance from downtown. Public water and sewer serve the site. Parking is available in the driveway and parking lot.
Key Highlights
- Two‑unit duplex with 1,556 square feet
- 0.24‑acre site in Ashland
- Single‑level layout with a single‑car garage for each unit
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
$16,675
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
3.37%
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%
$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
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
$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 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%
$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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units offer open layouts, laundry hookups, and off-street parking.
Where is this duplex located?
The property is located at 268 W Hersey Street 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 duplex with 1,556 square feet; 0.24‑acre site in Ashland; Single‑level layout with a single‑car garage for each unit
