Triplex with Private
For Sale
$699,000
326 N Main Street, Ashland, OR 97520
Three rental units offer a mix of one- and two-bedroom layouts, with shared laundry and off-street parking.
Property Size1,860 SF
Price / SF$375.81
Days on Market137
Property Features for 326 N Main Street
General Information
Standard status
Active
Size
1,860 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
R-2
Units
Unit Mix
2 x 1BR, 1 x 2BR
Multifamily Units
3
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$6,075
Amenities
private decks
shared laundry facilities
storage
Breakfast Bar
Ceiling Fan(s)
Granite Counters
Open Floorplan
Shower/Tub Combo
Walk-In Closet(s)
Tile Shower
High Speed Internet
Building Details
Building Size
1,860 SF
Year Built
1890
Buildings
1
Stories
3
Units
3
Construction
Chalet-style
Listing Agency:
Full Circle Real Estate
(541) 482-6868
Listed By:
Molly Mullane
Source:
Desertskyrealestate
Added: Jun 12
Changed: Oct 25
Last Checked: Oct 26 at 3:46AM
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 Full Circle Real Estate
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Investment Insights
Based on property information with market context.
This 1,860-square-foot chalet-style triplex at 326 N Main Street in Ashland contains two one-bedroom units and one two-bedroom unit. Each apartment has tile flooring, a kitchen with granite countertops and a breakfast bar, a full bathroom with a tile shower, and a private deck. Shared basement space provides laundry facilities and storage, and the property has one off-street parking space per unit.
Built in 1890, the property is zoned R-2. Two units are vacant. Improvements made in 2016 included ductless heating and cooling, electrical work, and interior finishes. The decks have since been updated, the metal roof was recently painted, and the water heaters were new in '23.
Built in 1890, the property is zoned R-2. Two units are vacant. Improvements made in 2016 included ductless heating and cooling, electrical work, and interior finishes. The decks have since been updated, the metal roof was recently painted, and the water heaters were new in '23.
Key Highlights
- Three units: two one‑bedroom apartments and one two‑bedroom apartment
- 1,860 square feet; built in 1890
- R‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,932
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,640
$398.6K
Cap Rate 7%
$284,743
$284.7K
Cap Rate 9%
$221,467
$221.5K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$30.1K $16.20/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$28.5K $15.31/SF
− OpEx
−$8.5K −$4.59/SF
NOI
$19.9K $10.72/SF
Area
Jackson County, OR
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,640
Cap Rate 7%
$284,743
Cap Rate 9%
$221,467
Alternative Uses
Best Use
Multifamily LT 5
$284.7K
$249.2K – $332.2K
NOI $19,932 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$249.9K
$218.7K – $291.6K
NOI $17,493 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$449.0K
$392.8K – $523.8K
NOI $31,427 @ 7.0% cap · market cap 4.50%
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
1,193
Businesses Nearby
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Business Placement
Demographics for 97520, OR
25,970
Population
13,964
Households
1.9
Avg Household Size
47
Median Age
61%
College-Educated
96%
High-School Grad
328.8 sq mi
ZIP Area
79
Density / Sq Mi
$71,485
Median Household Income
$31,869
Median Earnings
$1,360
Median Rent
$568,700
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 rental units offer a mix of one- and two-bedroom layouts, with shared laundry and off-street parking.
Where is this triplex located?
The property is located at 326 N Main Street Ashland, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three units: two one‑bedroom apartments and one two‑bedroom apartment; 1,860 square feet; built in 1890; R‑2 zoning
