Ranch Duplex with Attached
For Sale
$449,900
3036 University Road, Grants Pass, OR 97527
Residential Income, Grants Pass, OR
Property Size1,668 SF
Lot Size0.12 Acres
Price / SF$269.72
Days on Market59
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, Open, On Street
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
Additional Details
Tenant in Place
Yes
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
gas fireplace
washer and dryer
back deck
wheelchair accessibility
clubhouse
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: Oct 31
Last Checked: Nov 1 at 4:06PM
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.
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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 / Yr
$13,548
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
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
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 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 3.01%
Second Best
Apartment 5plus
$179.7K
$157.2K – $209.6K
NOI $12,576 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$378.2K
$330.9K – $441.2K
NOI $26,474 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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 $449,900.
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
