Triplex with Mixed-Story
New
For Sale
$395,000
522 SE L Street, Grants Pass, OR 97526
Residential Income, Grants Pass, OR
Property Size2,682 SF
Lot Size0.19 Acres
Price / SF$147.28
Days on Market3
Property Features for 522 SE L Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
R-3; Res High Density
Parking features
Driveway, Assigned
Window features
Aluminum Frames
Interior features
Laminate Counters, Shower/Tub Combo
Appliances
Range, Water Heater
Lot features
Corner Lot, Fenced, Level
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Directions
Corner of L and 11th Street
Standard status
Active
APN
R310794
Size
2,682 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3398
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
fenced yard
parking
Building Details
Year built
1976
Floors in Building
2
Number of units
3
Flooring type
Carpet, Vinyl
Roof type
Composition
Listing Agency:
RE/MAX Integrity Grants Pass · RE/MAX International
(541) 955-8483
Listed By:
Lana Lavenbarg · License #890300079
(541) 660-6490
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 6:06AM
MLS# 220229949
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 triplex contains 2,682 square feet across three residences on a 0.19-acre parcel. Two units have two stories, with each offering two bedrooms and one-and-a-half baths. The single-story residence has two bedrooms and one bath. Each unit also has a small fenced yard, and parking is separated on a paved area in front of the residences.
Built in 1976, the property has public water and sewer service. Interior finishes include laminate counters, carpet and vinyl flooring, and shower/tub combinations. Range appliances and water heaters are included.
Built in 1976, the property has public water and sewer service. Interior finishes include laminate counters, carpet and vinyl flooring, and shower/tub combinations. Range appliances and water heaters are included.
Key Highlights
- Three units: two two‑story residences and one single‑story residence
- Each two‑story unit has 2 bedrooms and 1.5 baths; the single‑story unit has 2 bedrooms and 1 bath
- 2,682 square feet on a 0.19‑acre parcel
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.
How Realmo checks its estimates
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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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences each include a small fenced yard and separate parking on a paved area.
Where is this triplex located?
The property is located at 522 SE L Street 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 units: two two‑story residences and one single‑story residence; Each two‑story unit has 2 bedrooms and 1.5 baths; the single‑story unit has 2 bedrooms and 1 bath; 2,682 square feet on a 0.19‑acre parcel
