Contemporary Multifamily
For Sale
$524,000
Pending
4718 Gebhard Road, Central Point, OR 97502
Completed in 2025 with ductless climate control, modern finishes, and attached parking access.
Property Size1,956 SF
Days on Market153
Property Features for 4718 Gebhard Road
General Information
Standard status
Pending
Size
1,956 SF
Property subtype
Residential Income
Zoning
MMR
Taxes and HOA fees
Annual Taxes
$647
Amenities
Ceiling Fan(s), Ductless
Ductless, Electric
Dishwasher, Disposal, Microwave, Oven, Range, Water Heater
Breakfast Bar, Ceiling Fan(s), Granite Counters, Stone Counters, Walk-In Closet(s)
Neighborhood, Territorial
Attached, Concrete, Driveway, Garage Door Opener
Contemporary
Building Details
Building Size
1,956 SF
Year Built
2025
Listing Agency:
John L Scott
(541) 840-2992
Listed By:
Jordan Kramer · License #200112030
(541) 840-2992
Source:
Evrealestate
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 30 at 3:17PM
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 John L Scott
Investment Insights
Based on property information with market context.
This contemporary multifamily property was built in 2025 and includes ductless electric systems, ceiling fans, and a kitchen equipped with a dishwasher, disposal, microwave, oven, range, and water heater. Interior appointments include a breakfast bar, granite and stone counters, and walk-in closets. The property also features an attached concrete driveway, garage door opener, and views toward the surrounding neighborhood and territorial landscape.
Located on Gebhard Road in Central Point, the property is reached from Biddle Road via Hamrick Road and Beebe Road. Zoning is designated MMR, and the property is within Jackson County.
Located on Gebhard Road in Central Point, the property is reached from Biddle Road via Hamrick Road and Beebe Road. Zoning is designated MMR, and the property is within Jackson County.
Key Highlights
- 2025 construction
- MMR zoning
- Ductless electric systems with ceiling fans
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
$18,396
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
3.51%
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%
$367,920
$367.9K
Cap Rate 7%
$262,800
$262.8K
Cap Rate 9%
$204,400
$204.4K
Market Conditions
NOI Build-Up for 1,956 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
$35.2K $18.00/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$33.4K $17.10/SF
− OpEx
−$15.1K −$7.69/SF
NOI
$18.4K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$367,920
Cap Rate 7%
$262,800
Cap Rate 9%
$204,400
Alternative Uses
Best Use
Apartment 5plus
$262.8K
$230.0K – $306.6K
NOI $18,396 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$472.1K
$413.1K – $550.8K
NOI $33,049 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
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?
Multifamily property - Completed in 2025 with ductless climate control, modern finishes, and attached parking access.
Where is this multifamily property located?
The property is located at 4718 Gebhard Road Central Point, OR.
What is the asking price?
The asking price for this property is $524,000.
What are key features of this property?
This property features: 2025 construction; MMR zoning; Ductless electric systems with ceiling fans
