Triplex with Alley
For Sale
$250,000
324 NE D Street, Grants Pass, OR 97526
MULTI_FAMILY - Contemporary - Grants Pass, OR
Property Size1,666 SF
Lot Size0.11 Acres
Price / SF$150.06
Days on Market55
Property Features for 324 NE D Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
R-4
Parking features
Alley, Parking Lot, Driveway
View
Territorial
Elementary school
Lincoln Elem
Middle school
North Middle
High school
Grants Pass High
Standard status
Active
APN
R310321
Size
1,666 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2340
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard, Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Flooring type
Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
RE/MAX Integrity Grants Pass · RE/MAX International
(541) 955-8483
Listed By:
Mary R Parsagian · License #201206346
(541) 770-3325
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 11 at 4:06PM
MLS# 220223640
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 triplex features three 1-bedroom, 1-bath units in a contemporary architectural style. The building is constructed with frame materials and has carpet flooring. Heating is provided by natural gas and electric baseboard systems. Cooling is available through wall/window and window unit(s). The property is served by public water and public sewer.
Parking is available via a driveway, alley access, and a parking lot. The roof is a composition roof. Built in 1900, the property offers a compact footprint on a 0.11-acre lot and is positioned in Grants Pass near downtown area amenities, including shopping, dining, and services.
For tenants or owners seeking small-scale multifamily income property, the unit configuration and utility services support straightforward occupancy planning across three separate 1-bedroom homes.
Parking is available via a driveway, alley access, and a parking lot. The roof is a composition roof. Built in 1900, the property offers a compact footprint on a 0.11-acre lot and is positioned in Grants Pass near downtown area amenities, including shopping, dining, and services.
For tenants or owners seeking small-scale multifamily income property, the unit configuration and utility services support straightforward occupancy planning across three separate 1-bedroom homes.
Key Highlights
- Three 1‑bedroom, 1‑bath units
- 0.11‑acre lot
- Frame construction with contemporary style
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
$13,532
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
5.41%
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%
$270,640
$270.6K
Cap Rate 7%
$193,314
$193.3K
Cap Rate 9%
$150,356
$150.4K
Market Conditions
NOI Build-Up for 1,666 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
$19.3K $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%
$270,640
Cap Rate 7%
$193,314
Cap Rate 9%
$150,356
Alternative Uses
Best Use
Multifamily LT 5
$193.3K
$169.2K – $225.5K
NOI $13,532 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$179.4K
$157.0K – $209.4K
NOI $12,561 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$377.7K
$330.5K – $440.7K
NOI $26,442 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Frame triplex with three 1-bedroom, 1-bath units, public utilities, and parking via driveway, alley, and lot.
Where is this triplex located?
The property is located at 324 NE D Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath units; 0.11‑acre lot; Frame construction with contemporary style
