Three-Unit Residential
For Sale
$225,000
324 NE D Street, Grants Pass, OR 97526
Residential Income, Grants Pass, OR
Property Size1,666 SF
Lot Size0.11 Acres
Price / SF$135.05
Days on Market128
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
Baseboard, Electric (Heating), Natural Gas
Cooling system
Wall/Window Unit(s), 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
(541) 770-3325
Added: Jun 18
Changed: Oct 22
Last Checked: Oct 23 at 3:06PM
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.
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Investment Insights
Based on property information with market context.
This frame triplex contains three one-bedroom, one-bath units within 1,666 square feet on a 0.11-acre lot. The property was built in 1900 and features contemporary styling, carpet flooring, composition roofing, and a mix of natural gas, electric, and baseboard heating. Cooling is provided by wall or window units.
Located at 324 NE D Street in Grants Pass, the property is near downtown amenities, shopping, dining, and services. Public water and public sewer serve the site. Parking includes a driveway, alley access, and a parking lot.
Located at 324 NE D Street in Grants Pass, the property is near downtown amenities, shopping, dining, and services. Public water and public sewer serve the site. Parking includes a driveway, alley access, and a parking lot.
Key Highlights
- Three 1‑bedroom, 1‑bath units
- 1,666 square feet on a 0.11‑acre lot
- Frame construction with composition roof
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
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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?
Triplex - Three one-bedroom residences with public utilities and convenient access to downtown services.
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 1‑bedroom, 1‑bath units; 1,666 square feet on a 0.11‑acre lot; Frame construction with composition roof
