Mixed-Use Property with
New
For Sale
$535,000
411 NW E Street, Grants Pass, OR 97526
Commercial Sale, Grants Pass, OR
Property Size2,519 SF
Lot Size0.34 Acres
Price / SF$212.39
Days on Market2
Property Features for 411 NW E Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R-4
Parking features
On Street, Alley, Open
Window features
Aluminum Frames, Wood Frames
Patio and Porch features
Porch
Interior features
Built-in Features, Ceiling Fan(s), Laminate Counters
Exterior features
Courtyard
Fireplace
1
Basement
Partial
Lot features
Corner Lot, Fenced, Landscaped, Level
View
Territorial
Standard status
Active
APN
R311415
Size
2,519 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
231
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Natural Gas, Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Heat Pump
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl, Hardwood
Building materials
Frame
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Millen Property Group
(541) 301-3435
Listed By:
Patricia Millen · License #940200113
(541) 488-0010
Added: Oct 9
Last Checked: Oct 10 at 10:06AM
MLS# 220229840
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.
Investment Insights
Based on property information with market context.
Set on a level 0.34-acre corner parcel, this mixed-use property offers approximately 2,519 SF of space. A separate single-level residence has 2 bedrooms and 1 bathroom; county records identify its residential configuration, while the bedrooms are currently arranged as offices. Additional improvements include a detached 2-car garage with shop space, another single-car garage, storage areas, fenced grounds, a courtyard, and covered porch areas. Heating includes a heat pump, natural gas, and fireplace; central air and public water and sewer are also present.
The property is zoned R-4. Any proposed use is subject to City of Grants Pass approval, and buyers should confirm permitted uses and any nonconforming status with the city. Access and parking options include the alley, open parking, and on-street parking.
The property is zoned R-4. Any proposed use is subject to City of Grants Pass approval, and buyers should confirm permitted uses and any nonconforming status with the city. Access and parking options include the alley, open parking, and on-street parking.
Key Highlights
- 0.34‑acre level corner lot
- Approximately 2,519 SF of property space
- Separate single‑level residence with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,595
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,900
$451.9K
Cap Rate 7%
$322,786
$322.8K
Cap Rate 9%
$251,056
$251.1K
Market Conditions
NOI Build-Up for 2,519 SF
Gross rent
$39.3K $15.60/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$36.2K $14.35/SF
− OpEx
−$13.6K −$5.38/SF
NOI
$22.6K $8.97/SF
Area
Josephine County, OR
Vacancy
8.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,900
Cap Rate 7%
$322,786
Cap Rate 9%
$251,056
Alternative Uses
Best Use
Mixed Use
$322.8K
$282.4K – $376.6K
NOI $22,595 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$571.2K
$499.8K – $666.4K
NOI $39,981 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,972
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate residence, garage buildings, and courtyard expand the property's configuration for service-oriented occupancy, subject to city approval.
Where is this mixed-use property located?
The property is located at 411 NW E Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 0.34‑acre level corner lot; Approximately 2,519 SF of property space; Separate single‑level residence with 2 bedrooms and 1 bathroom
