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    Triplex with Three 1-Bed Units Title is generated by Realmo AI

    324 NE D Street, Grants Pass, OR 97526

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    Claim this Listing
    New
    For Sale
    $270,000

    MULTI_FAMILY - Contemporary - Grants Pass, OR

    Property size:
    1,666 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $162/SF
    Added:
    Jun 18, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 24 at 12:06 am

    Property Features for 324 NE D Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Alley, Driveway, Parking Lot
    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
    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

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    Listing Contact
    Mary R Parsagian
    Mary R Parsagian

    Listing agent Mary R Parsagian License #201206346

    Listing office RE/MAX Integrity Grants Pass 1830 NE 7th Street, Medford, OR

    Listing date Jun 18, 2026

    MLS# 220223640 Listing URL

    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.

    HighLights

    • Triplex with three 1‑bedroom, 1‑bath units
    • Built in 1900; contemporary architectural style
    • Public utilities: public water and public sewer
    • Frame construction with composition roof
    • Heating includes electric, baseboard, and natural gas; cooling via wall/window and window unit(s)
    • Parking includes driveway, parking lot, and alley access

    Overview

    This triplex offers a straightforward rental configuration with three separate 1-bedroom, 1-bath units. The property is set on an approximately 0.11-acre lot and totals about 1,666 square feet, providing a compact, manageable footprint for an owner-operator or investor. As a residential income property, it supports an easy-to-underwrite income approach based on multiple distinct units rather than a single large tenancy.

    Located at 324 NE D Street in Grants Pass, Oregon, the home is described as convenient to downtown amenities, along with nearby shopping, dining, and services. The central proximity to everyday needs can help support tenant convenience for residents who prefer to live close to local retail and services.

    For buyers seeking a small multifamily holding, this three-unit layout can fit well for portfolio expansion or for hands-on ownership. The property also presents an opportunity for buyers who want to tailor improvements and upgrades as part of their operating plan. If you’re looking for a compact triplex with multiple residential units in the Grants Pass market, this is a property worth reviewing in person.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $20.4k $12.24
    − Vacancy −$1.1k −$0.64
    EGI $19.3k $11.60
    − OpEx −$5.8k −$3.48
    NOI $13.5k $8.12
    1,666 SF · lease $12.24/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $193.3K
    $169.2K – $225.5K (±1% cap)
    NOI $13,532 @ 7.0% cap · market cap 5.01%
    Second Best
    Apartment 5plus
    $179.4K
    $157.0K – $209.4K (±1% cap)
    NOI $12,561 @ 7.0% cap · market cap 4.65%
    Theoretical Best
    Office A
    $377.7K
    $330.5K – $440.7K (±1% cap)
    NOI $26,442 @ 7.0% cap · market cap 9.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.322031
    Latitude
    42.440514

    FAQs

    What type of property is this?
    Triplex - Three 1-bedroom, 1-bath units offer an efficient residential income setup near shopping, dining, and 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 $270,000.
    What are key features of this property?
    This property features: Triplex with three 1‑bedroom, 1‑bath units; Built in 1900; contemporary architectural style; Public utilities: public water and public sewer
    More about this property
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