8-Unit Apartment
501 Briarwood Drive, Central Point, OR 97502
For Sale
$1,395,000
Under Contract
Residential Income, Central Point, OR
Property Size7,300 SF
Lot Size0.35 Acres
Price / SF$191.10
Days on Market94
Property Features for 501 Briarwood Drive
General Information
Property type
Property subtype
Zoning description
Parking features
Window features
Patio and Porch features
Appliances
Subdivision
Lot features
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
private patios
individual exterior storage closets
covered parking
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 770-3325
Listed By:
Kathrine Henry · License OR #940700135
(541) 951-3876
Added: Aug 12
Changed: Oct 31
Last Checked: Nov 13 at 6:06AM
MLS# 220227031
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.
Built in 2006, this 8-unit apartment property contains approximately 7,300 square feet on a 0.35-acre parcel. Units feature open kitchen layouts, private patios, and individual exterior storage closets. Finishes include vinyl and carpet flooring, with approximately four units featuring updated LVP flooring. Unit condition and finishes vary slightly, and the property has no HOA.
Parking includes covered tenant spaces, assigned parking, and a larger lot for visitors. Building systems include central air, ductless heating and cooling, electric heat, public water, and public sewer. Appliances include refrigerators, ranges, ovens, dishwashers, disposals, washers, dryers, range hoods, and water heaters. The property is located in Central Point, Oregon.
Parking includes covered tenant spaces, assigned parking, and a larger lot for visitors. Building systems include central air, ductless heating and cooling, electric heat, public water, and public sewer. Appliances include refrigerators, ranges, ovens, dishwashers, disposals, washers, dryers, range hoods, and water heaters. The property is located in Central Point, Oregon.
Key Highlights
- 8‑unit apartment property totaling approximately 7,300 square feet
- 0.35‑acre parcel with a 2006 construction date
- Open kitchens with substantial storage in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,657
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,140
$1.4M
Cap Rate 7%
$980,814
$980.8K
Cap Rate 9%
$762,856
$762.9K
Market Conditions
NOI Build-Up for 7,300 SF
Gross rent
$131.4K $18.00/SF
− Vacancy
−$6.6K −$0.90/SF
EGI
$124.8K $17.10/SF
− OpEx
−$56.2K −$7.69/SF
NOI
$68.7K $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 Rate 5%
$1,373,140
Cap Rate 7%
$980,814
Cap Rate 9%
$762,856
Alternative Uses
Best Use
Apartment 5plus
$980.8K
$858.2K – $1.14M
NOI $68,657 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,341 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
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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
$374,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Jackson County, OR
Properties on Market for Apartment buildings in Jackson County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with private patios, exterior storage, and covered tenant parking.
Where is this apartment building located?
The property is located at 501 Briarwood Drive Central Point, OR.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 8‑unit apartment property totaling approximately 7,300 square feet; 0.35‑acre parcel with a 2006 construction date; Open kitchens with substantial storage in each unit
