Accessible Two-Unit
For Sale
$449,900
3036 University Rd #3036-3038, Grants Pass, OR 97527
Two one-bedroom residences offer vaulted ceilings, gas fireplaces, private decks, and attached garages within a 55+ community.
Property Size1,668 SF
Price / SF$269.72
Days on Market53
Property Features for 3036 University Rd #3036-3038
General Information
Standard status
Active
Size
1,668 SF
Property subtype
Multi-Family
Building Details
Year Built
2004
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Sep 11
Changed: Oct 31
Last Checked: Nov 1 at 5:50AM
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 Home and Land Real Estate
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Investment Insights
Based on property information with market context.
Built in 2004, this 1,668-square-foot duplex contains two one-bedroom residences, each with an open living arrangement, vaulted ceilings, skylights, generous closet space, and a gas fireplace. Both units include a washer and dryer, wheelchair-accessible features, bedroom access to a back deck, and an attached one-car garage.
One residence is occupied by a long-term tenant, while the second provides flexibility for an owner-occupant or additional rental use. The property is part of Horizon Village, a 55+ duplex community in Grants Pass. HOA services include landscaping, water, and access to a clubhouse. Shopping, medical services, and everyday amenities are nearby.
One residence is occupied by a long-term tenant, while the second provides flexibility for an owner-occupant or additional rental use. The property is part of Horizon Village, a 55+ duplex community in Grants Pass. HOA services include landscaping, water, and access to a clubhouse. Shopping, medical services, and everyday amenities are nearby.
Key Highlights
- 1,668 SF duplex built in 2004
- Two one‑bedroom units with open layouts, vaulted ceilings, skylights, and gas fireplaces
- Each residence has an attached one‑car garage and washer and dryer
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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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 residences offer vaulted ceilings, gas fireplaces, private decks, and attached garages within a 55+ community.
Where is this duplex located?
The property is located at 3036 University Rd #3036-3038 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: 1,668 SF duplex built in 2004; Two one‑bedroom units with open layouts, vaulted ceilings, skylights, and gas fireplaces; Each residence has an attached one‑car garage and washer and dryer
