6-Unit Apartment
302 SE K Street, Grants Pass, OR 97526
For Sale
$695,000
Two-story, age-restricted apartment property with covered parking, storage, and recent improvements.
Property Size4,500 SF
Price / SF$154.44
Days on Market49
Property Features for 302 SE K Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
storage
Building Details
Year Built
Buildings
Stories
Listing Agency:
Pulver and Leever Real Estate
Listed By:
William Leever · License OR R3254
(541) 773-5391
Source:
Buyingbend
Added: Sep 22
Changed: Nov 5
Last Checked: Nov 8 at 2:52AM
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 Pulver and Leever Real Estate
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Investment Insights
Based on property information with market context.
This two-story apartment property contains six residences totaling approximately 4,500 SF. Each unit measures 750 SF and offers two bedrooms, one bathroom, living space, and a dining area. The layout includes three apartments on each floor, with a detached covered carport providing six spaces plus storage. Recent improvements have been completed, and the property was built in 1966.
Located at 302 SE K Street in Grants Pass, the complex is designated for residents 55 and older. Its central Grants Pass setting and established apartment configuration support continued use as a specialized multifamily property.
Located at 302 SE K Street in Grants Pass, the complex is designated for residents 55 and older. Its central Grants Pass setting and established apartment configuration support continued use as a specialized multifamily property.
Key Highlights
- Six 750 SF apartments, with three units on each floor
- Each residence includes two bedrooms, one bathroom, living space, and dining area
- Approximately 4,500 SF across a two‑story building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,929
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,580
$678.6K
Cap Rate 7%
$484,700
$484.7K
Cap Rate 9%
$376,989
$377.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$64.8K $14.40/SF
− Vacancy
−$3.1K −$0.69/SF
EGI
$61.7K $13.71/SF
− OpEx
−$27.8K −$6.17/SF
NOI
$33.9K $7.54/SF
Area
Josephine County, OR
Vacancy
4.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,580
Cap Rate 7%
$484,700
Cap Rate 9%
$376,989
Alternative Uses
Best Use
Apartment 5plus
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$892.8K – $1.19M
NOI $71,423 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,830
Businesses Nearby
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Business Placement
Demographics for 97526, OR
36,561
Population
15,987
Households
2.3
Avg Household Size
47
Median Age
20%
College-Educated
91%
High-School Grad
140.7 sq mi
ZIP Area
260
Density / Sq Mi
$57,103
Median Household Income
$35,685
Median Earnings
$1,076
Median Rent
$379,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story, age-restricted apartment property with covered parking, storage, and recent improvements.
Where is this apartment building located?
The property is located at 302 SE K Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Six 750 SF apartments, with three units on each floor; Each residence includes two bedrooms, one bathroom, living space, and dining area; Approximately 4,500 SF across a two‑story building
