3-Unit Multifamily
467 SW I Street, Grants Pass, OR 97526
For Sale
New
$365,000
Residential Income, Grants Pass, OR
Property Size2,368 SF
Lot Size0.12 Acres
Price / SF$154.14
Days on Market1
Property Features for 467 SW I Street
General Information
Property type
Property subtype
Zoning description
Parking features
Window features
Patio and Porch features
Interior features
Appliances
Lot features
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Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
shared laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Listing Agency:
John L Scott Real Estate Grants Pass · John L. Scott
(541) 476-1299
Listed By:
Joshua M Emptage · License OR #201237219
(541) 761-6295
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 220231102
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.
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Investment Insights
Based on property information with market context.
This three-unit multifamily property contains 2,368 square feet across a main residence and a duplex. The 1,608-square-foot home has three bedrooms, two bathrooms, a downstairs primary bedroom, and attached storage. It is vacant. Behind it, the duplex has two 380-square-foot units, each with its own entrance; the units share laundry facilities.
Built in 1935, the property occupies a 0.12-acre lot. Public water and sewer serve the property. Heating includes a heat pump and electric system, while cooling is provided by window or heat pump units. Parking is available on the street and in the alley.
Built in 1935, the property occupies a 0.12-acre lot. Public water and sewer serve the property. Heating includes a heat pump and electric system, while cooling is provided by window or heat pump units. Parking is available on the street and in the alley.
Key Highlights
- Three living units across 2,368 square feet
- Main residence offers 1,608 square feet, 3 bedrooms, and 2 bathrooms
- Two duplex units are 380 square feet each and have separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,854
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,080
$357.1K
Cap Rate 7%
$255,057
$255.1K
Cap Rate 9%
$198,378
$198.4K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$34.1K $14.40/SF
− Vacancy
−$1.6K −$0.69/SF
EGI
$32.5K $13.71/SF
− OpEx
−$14.6K −$6.17/SF
NOI
$17.9K $7.54/SF
Area
Josephine County, OR
Vacancy
4.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,080
Cap Rate 7%
$255,057
Cap Rate 9%
$198,378
Alternative Uses
Best Use
Apartment 5plus
$255.1K
$223.2K – $297.6K
NOI $17,854 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.9K
$469.8K – $626.4K
NOI $37,584 @ 7.0% cap · market cap 10.30%
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
1,554
Businesses Nearby
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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
$379,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Grants Pass, OR
Properties on Market for Multifamily properties in Grants Pass
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A vacant three-bedroom residence is paired with two separately entered rental units.
Where is this multifamily property located?
The property is located at 467 SW I Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Three living units across 2,368 square feet; Main residence offers 1,608 square feet, 3 bedrooms, and 2 bathrooms; Two duplex units are 380 square feet each and have separate entrances
