Duplex with Private
For Sale
$550,000
560 Scenic Drive, Ashland, OR 97520
Two vacant residences offer updated climate control and private outdoor space for future occupancy.
Property Size2,024 SF
Price / SF$271.74
Days on Market94
Property Features for 560 Scenic Drive
General Information
Standard status
Active
Size
2,024 SF
Property subtype
Residential Income
Zoning
R-2
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,773
Amenities
Ceiling Fan(s)
Solid Surface Counters
Shower/Tub Combo
Solar Tube(s)
Building Details
Building Size
2,024 SF
Year Built
1977
Stories
2
Units
2
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Meghan Spencer
(541) 621-4555
Source:
Desertskyrealestate
Added: Jul 29
Changed: Oct 26
Last Checked: Oct 29 at 8:24PM
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 Medford
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Investment Insights
Based on property information with market context.
This 1977 duplex contains two units, each with three bedrooms, 1.5 bathrooms, a garage, and a private backyard. The property totals 2,024 square feet and sits on a corner lot. Recent work includes new mini-split heating and cooling systems and fresh interior paint. Both units are vacant, allowing a new owner to determine occupancy and leasing arrangements.
The property is near Ashland Hospital, with access to I-5 and downtown Ashland. Lithia Park and the Ashland Plaza are each approximately 1 mile away. The setting includes views of Grizzly Peak and the surrounding mountains.
The property is near Ashland Hospital, with access to I-5 and downtown Ashland. Lithia Park and the Ashland Plaza are each approximately 1 mile away. The setting includes views of Grizzly Peak and the surrounding mountains.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 bathrooms
- 2,024‑square‑foot duplex on a corner lot
- A garage and private backyard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,690
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,800
$433.8K
Cap Rate 7%
$309,857
$309.9K
Cap Rate 9%
$241,000
$241.0K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$32.8K $16.20/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$31.0K $15.31/SF
− OpEx
−$9.3K −$4.59/SF
NOI
$21.7K $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 Rate 5%
$433,800
Cap Rate 7%
$309,857
Cap Rate 9%
$241,000
Alternative Uses
Best Use
Multifamily LT 5
$309.9K
$271.1K – $361.5K
NOI $21,690 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$271.9K
$238.0K – $317.3K
NOI $19,036 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$488.5K
$427.5K – $570.0K
NOI $34,198 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
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Business Placement
Demographics for 97520, OR
25,970
Population
13,964
Households
1.9
Avg Household Size
47
Median Age
61%
College-Educated
96%
High-School Grad
328.8 sq mi
ZIP Area
79
Density / Sq Mi
$71,485
Median Household Income
$31,869
Median Earnings
$1,360
Median Rent
$568,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer updated climate control and private outdoor space for future occupancy.
Where is this duplex located?
The property is located at 560 Scenic Drive Ashland, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 bathrooms; 2,024‑square‑foot duplex on a corner lot; A garage and private backyard for each residence
