Ranch Duplex with Attached
For Sale
$465,000
3036 University Road, Grants Pass, OR 97527
Residential Income, Grants Pass, OR
Property Size1,668 SF
Lot Size0.12 Acres
Price / SF$278.78
Days on Market10
Property Features for 3036 University Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-3; Res High Density
Parking features
Driveway, On Street, Open
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Deck, Patio
Interior features
Ceiling Fan(s), Fiberglass Stall Shower, Laminate Counters, Linen Closet, Open Floorplan, Pantry, Primary Downstairs, Vaulted Ceiling(s), Walk-In Closet(s)
Fireplace
1
Appliances
Dishwasher, Disposal, Dryer, Range, Range Hood, Refrigerator, Washer, Water Heater
Subdivision
College Oaks Subdivision
Lot features
Corner Lot, Drip System, Fenced, Landscaped, Level, Sprinklers In Front
View
Territorial
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Directions
Redwood Hwy west, left on Hubbard Ln, right on University Rd., Duplex will be on the right.
Standard status
Active
APN
R342175
Size
1,668 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1821
HOA Fee
$350 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Forced Air
Cooling system
Central Air
Water source
Well
Amenities
vaulted ceilings
skylights
open floor plan
gas fireplace
washer/dryer
back deck
wheelchair accessible
clubhouse access
Building Details
Year built
2004
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 770-3325
Listed By:
Michele R Griffith · License #200503266
(541) 326-7015
Added: Sep 4
Changed: Sep 13
Last Checked: Sep 13 at 9:06AM
MLS# 220228392
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 1,668-square-foot duplex, built in 2004, contains two one-bedroom units in a ranch-style configuration. Each side includes an open floor plan, vaulted ceilings, skylights, a gas fireplace, washer and dryer, generous closet space, and bedroom access to a rear deck. Both units are wheelchair accessible and include an attached one-car garage. One unit is occupied by a long-term tenant, while the property also supports an owner-occupant arrangement with separate rental space.
The 0.12-acre property is served by a well and public sewer. Additional features include central air, forced-air heating, vinyl and carpet flooring, patios, and composition roofing. The duplex is located in Grants Pass near shopping, medical services, and everyday amenities, with access to the Horizon Village clubhouse and maintained landscaping through the community association.
The 0.12-acre property is served by a well and public sewer. Additional features include central air, forced-air heating, vinyl and carpet flooring, patios, and composition roofing. The duplex is located in Grants Pass near shopping, medical services, and everyday amenities, with access to the Horizon Village clubhouse and maintained landscaping through the community association.
Key Highlights
- Two one‑bedroom units totaling 1,668 square feet
- Each unit has an attached one‑car garage, washer and dryer, and bedroom access to a back deck
- Open layouts with vaulted ceilings, skylights, and gas fireplaces
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
$13,548
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
2.91%
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%
$270,960
$271.0K
Cap Rate 7%
$193,543
$193.5K
Cap Rate 9%
$150,533
$150.5K
Market Conditions
NOI Build-Up for 1,668 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
$20.4K $12.24/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$19.4K $11.60/SF
− OpEx
−$5.8K −$3.48/SF
NOI
$13.5K $8.12/SF
Area
Josephine County, OR
Vacancy
5.20%
Lease Rate
$12.24 /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%
$270,960
Cap Rate 7%
$193,543
Cap Rate 9%
$150,533
Alternative Uses
Best Use
Multifamily LT 5
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$179.7K
$157.2K – $209.6K
NOI $12,576 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,474 @ 7.0% cap · market cap 5.69%
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
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 97527, OR
36,358
Population
15,481
Households
2.3
Avg Household Size
49
Median Age
19%
College-Educated
90%
High-School Grad
219.8 sq mi
ZIP Area
165
Density / Sq Mi
$66,396
Median Household Income
$35,825
Median Earnings
$1,350
Median Rent
$408,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units offer open layouts, vaulted ceilings, decks, and individual laundry.
Where is this duplex located?
The property is located at 3036 University Road Grants Pass, OR.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two one‑bedroom units totaling 1,668 square feet; Each unit has an attached one‑car garage, washer and dryer, and bedroom access to a back deck; Open layouts with vaulted ceilings, skylights, and gas fireplaces
