Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unique Income Property on Acreage Title is generated by Realmo AI

    3251 Rogue River Hwy, Grants Pass, OR 97527

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Twelve units on 8 acres with immediate cash flow.

    Type:Multifamily
    Lot size:
    8.00 Acres
    Added:
    Nov 9, 2022
    Days on Market:
    1282
    Last Refresh:
    Mar 25 at 8:17 am

    Property Features for 3251 Rogue River Hwy

    General Information

    Standard status
    Active
    Lot size
    8.00 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Rockwell Group

    Listing agent Rockwell Group License #201207277

    Listing office Oregon - eXp Realty

    Listing date Nov 9, 2022

    Source Crexi

    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 Oregon - eXp Realty

    HighLights

    • Strong income‑generating property with over $13,000 monthly rents and a 7% cap rate.
    • Unique property layout featuring 12 units: 7 cottages, 2 duplexes, and a 3‑bedroom home on 8 acres.
    • Updated property with newer roofs, rain gutters, irrigation, strong well, and ductless mini‑split HVAC systems.
    • Park‑like setting with mature trees and beautifully maintained grounds creating a private, community‑style environment.
    • Diversified revenue stream with potential for rent increases and self‑management.
    • Long‑term tenants provide stability and consistent income.

    Overview

    This investment opportunity features 12 units, including 7 individual cottages, 2 duplexes, and one 3-bedroom home, all situated on 8 acres. The property generates over $13,000 in monthly rents, offering immediate cash flow. There is potential for future rent increases and self-management. The layout features spread-out cottages among mature trees, creating a private, community-style setting with maintained grounds. Many long-term tenants provide stability and consistent income. Updates include clean, well-maintained interiors, newer roofs, rain gutters, irrigation, a strong well, fenced yards, common areas, community laundry with coin-op machines, and ductless mini-split HVAC systems. All units are either rented or in the process of being rehabbed and rented.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Infinite Comings Gym & Fitness Center

    Suggested Use

    Spa & Massage Center Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Skin Care Clinic Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Grants Pass
    County
    Josephine
    State
    Oregon
    Longitude
    -123.276087
    Latitude
    42.423498

    Nearby Similar for Sale

    • $895,000
      5,800 SF

      Turnkey Commercial Building, Grants Pass

      Immaculate 5800 sq ft commercial building ready for business.
      541 NE E Street, Grants Pass, OR 97526
      View Details
    • $955,000
      7,250 SF

      Commercial Building in Downtown Grants

      Three storefronts with solid leases in downtown Grants Pass.
      424 NW 6th Street, Grants Pass, OR 97526
      View Details
    • $1,275,000
      3,200 SF

      Turnkey Tavern & Entertainment Venue

      Remodeled tavern and entertainment venue on 0.58 acres.
      2039 Redwood Avenue, Grants Pass, OR 97527
      View Details
    • $597,000
      4,800 SF

      Grants Pass Office Building Investment

      Well-maintained 4,800 SF office building in Grants Pass Business District.
      233 NE B Street, Grants Pass, OR 97526
      View Details
    • $724,900
      2,120 SF

      Grants Pass Commercial Building

      Versatile commercial building in Grants Pass, Oregon, for sale.
      856 NE 7th Street, Grants Pass, OR 97526
      View Details
    • $425,000
      3,679 SF

      Mixed-Use Investment Opportunity

      Versatile property with residential and commercial units in Grants Pass.
      1480 Rogue River Highway, Grants Pass, OR 97527
      View Details
    • $1,190,000
      5,699 SF

      Nine-Unit Multifamily Investment Opportunity

      Rare investment property with nine units and RV parking.
      4600 Rogue River Highway, Grants Pass, OR 97527
      View Details
    • $644,000
      4,320 SF

      Grants Pass Fourplex For Sale

      Four-unit multifamily property with established tenants and rental history.
      711 SW Burgess Street, Grants Pass, OR 97526
      View Details
    • $575,000
      2,245 SF

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex with spacious units, ideal for investors or owner-occupants.
      1232 W Harbeck Road, Grants Pass, OR 97527
      View Details
    • $499,000
      2,520 SF

      Updated Income Property on Acreage

      Renovated duplex on 1.84 acres with expansion potential.
      3361 Camp Joy Road, Grants Pass, OR 97526
      View Details
    • $539,000

      Multigenerational Living with Income Potential

      2.71-acre gated property with multiple living spaces and income potential.
      3504 Azalea Drive, Grants Pass, OR 97526
      View Details
    • $545,000
      1,944 SF

      Income Property Near Hospital

      Well-maintained duplex with spacious units and private yards.
      415 Marion Lane, Grants Pass, OR 97527
      View Details

    FAQs

    What type of property is this?
    Apartment building - Twelve units on 8 acres with immediate cash flow.
    Where is this apartment building located?
    The property is located at 3251 Rogue River Hwy Grants Pass, OR.
    What is the asking price?
    The asking price for this property is $1,825,000.
    What are key features of this property?
    This property features: Strong income‑generating property with over $13,000 monthly rents and a 7% cap rate.; Unique property layout featuring 12 units: 7 cottages, 2 duplexes, and a 3‑bedroom home on 8 acres.; Updated property with newer roofs, rain gutters, irrigation, strong well, and ductless mini‑split HVAC systems.
    (541) 292-4444 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rockwell Group
    Real Estate License ID: 201207277
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3251 Rogue River Hwy, Grants Pass, OR 97527
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!