14-Unit Apartment
For Sale
$1,700,000
305 NE C St, Grants Pass, OR 97526
Six buildings provide two-bedroom, one-bath residences with carport parking, laundry facilities, landscaped grounds, and spacious yards.
Property Size10,740 SF
Price / SF$158.29
Days on Market48
Property Features for 305 NE C St
General Information
Standard status
Active
Size
10,740 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Units
Unit Mix
10 x 2BR/1BA ~750 SF, 4 x 2BR/1BA ~810 SF
Multifamily Units
14
Amenities
laundry building
Building Details
Year Built
1965
Buildings
6
Construction
wood-frame
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Sep 5
Changed: Oct 13
Last Checked: Oct 20 at 8:04PM
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.
This 14-unit apartment property in Grants Pass, Oregon, includes five one-story duplex buildings and a two-story fourplex. The residences are configured as two-bedroom, one-bath units, with ten measuring approximately 750 SF and four measuring approximately 810 SF. Combined gross living area is approximately 10,740 square feet. Interior layouts include living rooms, dining areas, two bedrooms, and one bathroom.
The buildings use wood-frame construction over concrete stem walls, with construction dates ranging from 1965 to 1970. Property improvements include carports serving 12 vehicles, a separate laundry building, mature landscaping, and spacious yards. The address is 305 NE C St in Grants Pass, OR 97526.
The buildings use wood-frame construction over concrete stem walls, with construction dates ranging from 1965 to 1970. Property improvements include carports serving 12 vehicles, a separate laundry building, mature landscaping, and spacious yards. The address is 305 NE C St in Grants Pass, OR 97526.
Key Highlights
- 14‑unit apartment property comprising five duplexes and one fourplex
- Ten approximately 750 SF two‑bedroom/one‑bath units
- Four approximately 810 SF two‑bedroom/one‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,978
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,560
$1.6M
Cap Rate 7%
$1,156,829
$1.2M
Cap Rate 9%
$899,756
$899.8K
Market Conditions
NOI Build-Up for 10,740 SF
Gross rent
$154.7K $14.40/SF
− Vacancy
−$7.4K −$0.69/SF
EGI
$147.2K $13.71/SF
− OpEx
−$66.3K −$6.17/SF
NOI
$81.0K $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%
$1,619,560
Cap Rate 7%
$1,156,829
Cap Rate 9%
$899,756
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,978 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,462 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
2,128
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 - Six buildings provide two-bedroom, one-bath residences with carport parking, laundry facilities, landscaped grounds, and spacious yards.
Where is this apartment building located?
The property is located at 305 NE C St Grants Pass, OR.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 14‑unit apartment property comprising five duplexes and one fourplex; Ten approximately 750 SF two‑bedroom/one‑bath units; Four approximately 810 SF two‑bedroom/one‑bath units
