3-Unit Residential
For Sale
$225,000
324 NE D Street, Grants Pass, OR 97526
Each residence has one bedroom and one bathroom, with downtown services and dining nearby.
Property Size1,666 SF
Price / SF$135.05
Days on Market129
Property Features for 324 NE D Street
General Information
Standard status
Active
Size
1,666 SF
Property subtype
Residential Income
Zoning
R-4
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,339
Building Details
Building Size
1,666 SF
Year Built
1900
Stories
2
Units
3
Listing Agency:
RE/MAX Integrity Grants Pass
(541) 955-8483
Listed By:
Mary R Parsagian · License #201206346
(541) 261-5681
Source:
Desertskyrealestate
Added: Jun 18
Changed: Oct 23
Last Checked: Oct 23 at 6:01PM
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 RE/MAX Integrity Grants Pass
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Investment Insights
Based on property information with market context.
This residential triplex contains three one-bedroom, one-bathroom units within 1,666 square feet. Built in 1900, the property is zoned R-4 and is configured as an income-producing residential asset.
Downtown amenities, shopping, restaurants, and services are nearby. The three-unit layout provides a defined rental configuration for an owner or operator.
Downtown amenities, shopping, restaurants, and services are nearby. The three-unit layout provides a defined rental configuration for an owner or operator.
Key Highlights
- Three units, each with 1 bedroom and 1 bathroom
- 1,666 square feet of building area
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,532
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
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
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 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 6.01%
Second Best
Apartment 5plus
$179.4K
$157.0K – $209.4K
NOI $12,561 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$377.7K
$330.5K – $440.7K
NOI $26,442 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,128
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has one bedroom and one bathroom, with downtown services and dining nearby.
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 $225,000.
What are key features of this property?
This property features: Three units, each with 1 bedroom and 1 bathroom; 1,666 square feet of building area; Built in 1900
