Triplex with Fenced
New
For Sale
$395,000
522 SE L St, Grants Pass, OR 97526
Three residences include paved parking at the front and a small fenced yard for each unit.
Property Size2,682 SF
Price / SF$147.28
Days on Market3
Property Features for 522 SE L St
General Information
Standard status
Active
Size
2,682 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
3
Amenities
fenced yard
Building Details
Year Built
1976
Listing Agency:
Holder Realty
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:06AM
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 Holder Realty
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Investment Insights
Based on property information with market context.
Built in 1976, this triplex contains two two-story residences and one single-story residence. Each home has two bedrooms; the two-story layouts include 1 1/2 baths, while the single-story layout has one bath. A small fenced yard accompanies each unit, with separate parking on a paved area in front of the residences.
Key Highlights
- Three‑unit property with two two‑story homes and one single‑story home
- Each unit has 2 bedrooms; two‑story units have 1 1/2 baths and the single‑story unit has 1 bath
- Small fenced yard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,784
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,680
$435.7K
Cap Rate 7%
$311,200
$311.2K
Cap Rate 9%
$242,044
$242.0K
Market Conditions
NOI Build-Up for 2,682 SF
Gross rent
$32.8K $12.24/SF
− Vacancy
−$1.7K −$0.64/SF
EGI
$31.1K $11.60/SF
− OpEx
−$9.3K −$3.48/SF
NOI
$21.8K $8.12/SF
Area
Josephine County, OR
Vacancy
5.20%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,680
Cap Rate 7%
$311,200
Cap Rate 9%
$242,044
Alternative Uses
Best Use
Multifamily LT 5
$311.2K
$272.3K – $363.1K
NOI $21,784 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$288.9K
$252.8K – $337.0K
NOI $20,222 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$608.1K
$532.1K – $709.5K
NOI $42,568 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,576
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences include paved parking at the front and a small fenced yard for each unit.
Where is this triplex located?
The property is located at 522 SE L St Grants Pass, OR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three‑unit property with two two‑story homes and one single‑story home; Each unit has 2 bedrooms; two‑story units have 1 1/2 baths and the single‑story unit has 1 bath; Small fenced yard for each residence
