New Duplex with Separate
New
For Sale
$500,000
Pending
4702 Gebhard Road, Central Point, OR 97502
Residential Income, Central Point, OR
Property Size1,806 SF
Lot Size0.07 Acres
Days on Market2
Property Features for 4702 Gebhard Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
MMR
Parking features
On Street, Open, Driveway
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Patio, Porch
Interior features
Breakfast Bar, Granite Counters, Kitchen Island, Linen Closet, Open Floorplan, Primary Downstairs, Shower/Tub Combo, Solid Surface Counters
Appliances
Dishwasher, Disposal, Microwave, Oven, Range, Range Hood, Water Heater
Lot features
Fenced, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
View
Territorial
Elementary school
Jewett Elem
Middle school
Scenic Middle
High school
Crater High
Directions
Biddle Rd to Hamrick, left on Beebe, Beebe becomes Gebhard. Rd. New subdivision is on the right.
Standard status
Pending
APN
11014147
Size
1,806 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
648
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Electric (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Carpet, Simulated wood
Building materials
Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Jordan Kramer · License #200112030
(541) 840-2992
Added: Sep 2
Last Checked: Sep 3 at 6:06AM
MLS# 220228070
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.
This contemporary duplex is under construction with two independent living spaces on a 0.07-acre lot. The primary residence provides 1,386 square feet with two bedrooms, 2.5 baths, an open floor plan, granite counters, a kitchen island, custom cabinetry, and simulated wood flooring. Its upstairs primary suite includes a walk-in closet and walk-in shower.
The 420-square-foot accessory dwelling unit is positioned above a fully finished oversized two-car garage and has one bedroom, one bath, a separate upstairs entrance, kitchen, and laundry. Stainless steel appliances, upgraded lighting and plumbing fixtures, ductless heating and cooling, public water, and public sewer are included. The property also offers a patio, porch, driveway, open parking, and on-street parking at 4702 Gebhard Road in Central Point, near I-5, schools, parks, a water park, and Costco.
The 420-square-foot accessory dwelling unit is positioned above a fully finished oversized two-car garage and has one bedroom, one bath, a separate upstairs entrance, kitchen, and laundry. Stainless steel appliances, upgraded lighting and plumbing fixtures, ductless heating and cooling, public water, and public sewer are included. The property also offers a patio, porch, driveway, open parking, and on-street parking at 4702 Gebhard Road in Central Point, near I-5, schools, parks, a water park, and Costco.
Key Highlights
- Two separate residences on a 0.07‑acre lot
- 1,386 sq ft main home with 2 beds and 2.5 baths
- 420 sq ft ADU with 1 bed, 1 bath, kitchen, laundry, and separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,354
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$387,080
$387.1K
Cap Rate 7%
$276,486
$276.5K
Cap Rate 9%
$215,044
$215.0K
Market Conditions
NOI Build-Up for 1,806 SF
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.
Gross rent
$29.3K $16.20/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$27.6K $15.31/SF
− OpEx
−$8.3K −$4.59/SF
NOI
$19.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$387,080
Cap Rate 7%
$276,486
Cap Rate 9%
$215,044
Alternative Uses
Best Use
Multifamily LT 5
$276.5K
$241.9K – $322.6K
NOI $19,354 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$242.6K
$212.3K – $283.1K
NOI $16,985 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$435.9K
$381.4K – $508.6K
NOI $30,514 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences share one lot, with private kitchens, laundry, and dedicated access for the upper accessory dwelling.
Where is this duplex located?
The property is located at 4702 Gebhard Road Central Point, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two separate residences on a 0.07‑acre lot; 1,386 sq ft main home with 2 beds and 2.5 baths; 420 sq ft ADU with 1 bed, 1 bath, kitchen, laundry, and separate entrance
