450 Grand Avenue, Central Point, OR 97502
MULTI_FAMILY - Ranch - Central Point, OR
- Added:
- Jun 17, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 27 at 12:06 am
Property Features for 450 Grand Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Parking features
- Carport, Alley
- Window features
- Double Pane Windows
- Appliances
- Range
- Standard status
- Active
- APN
- 10146972
- Size
- 3,906 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7045
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Ranch
Listing agent Katherine J Weston (541) 840-4938
Listing office John L. Scott Medford 871 Medford Center, Medford, OR (541) 779-3611
Listing date Jun 17, 2026
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
- 4‑unit duplex property on a .45‑acre corner lot with two separate buildings
- Unit mix: four total units, each with 2 bedrooms and 1 bath
- Two buildings built in 1965 and 1967; each unit is just under 1000 SF
- Utilities: public water and public sewer; heating includes natural gas forced air
- Parking for all units with carports plus alley access; flooring includes vinyl and carpet
- Zoned R 1‑6; includes range appliances and composition roof
Overview
Each of the four units is serviced by a carport, with additional parking available on the property. The front of three units includes grassy areas. The stated zoning is R-1-6, and buyers are advised to conduct due diligence with the city regarding potential partitioning for expansion or whether garages are allowed.
From a tenant- and operator-fit standpoint, the layout supports four separate rental households with the same core unit mix of 2BR/1BA and in-unit laundry hook-ups. The presence of carport coverage and on-site parking may appeal to renters seeking covered parking and practical day-to-day functionality, while the zoning context provides a starting point for those evaluating possible future changes subject to city approval.
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 | $63.3k | $16.20 |
| − Vacancy | −$3.5k | −$0.89 |
| EGI | $59.8k | $15.31 |
| − OpEx | −$17.9k | −$4.59 |
| NOI | $41.9k | $10.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Central Point
- County
- Jackson
- State
- Oregon
- Longitude
- -122.909515
- Latitude
- 42.370512
