Updated Duplex with Private
For Sale
$550,000
Pending
560 Scenic Drive, Ashland, OR 97520
MULTI_FAMILY - Other - Ashland, OR
Property Size2,024 SF
Lot Size0.17 Acres
Days on Market16
Property Features for 560 Scenic Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Parking features
On Street, Driveway
Window features
Vinyl Frames
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Shower/Tub Combo, Solar Tube(s), Solid Surface Counters
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator, Water Heater
Subdivision
Coolidges Tract
Lot features
Corner Lot, Fenced, Level
Elementary school
Check with District
Middle school
Check with District
High school
Check with District
Standard status
Pending
APN
10056201
Size
2,024 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4773
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1977
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Vinyl
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Meghan Spencer
(541) 621-4555
Added: Jul 29
Changed: Aug 12
Last Checked: Aug 13 at 2:06AM
MLS# 220226144
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.
Built in 1977, this 2,024-square-foot duplex contains two three-bedroom units, each with 1.5 bathrooms, a private backyard, and its own garage. Recent improvements include ductless mini-split heating and cooling systems and fresh interior paint. Interior features include solid-surface counters, ceiling fans, solar tubes, and a mix of carpet, laminate, and vinyl flooring. Appliances include refrigerators, ranges, ovens, microwaves, dishwashers, and water heaters.
The property occupies a 0.17-acre corner lot at 560 Scenic Drive in Ashland, Oregon. It is near Ashland Hospital, with access to I-5 and downtown Ashland. Lithia Park and the Ashland Plaza are approximately 1 mile away. Public water and public sewer serve the property, which is currently vacant.
The property occupies a 0.17-acre corner lot at 560 Scenic Drive in Ashland, Oregon. It is near Ashland Hospital, with access to I-5 and downtown Ashland. Lithia Park and the Ashland Plaza are approximately 1 mile away. Public water and public sewer serve the property, which is currently vacant.
Key Highlights
- 2,024‑square‑foot duplex with two three‑bedroom units
- Each unit includes 1.5 bathrooms, a private backyard, and its own garage
- Recent mini‑split heating and cooling systems and fresh interior paint
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
$21,690
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
3.94%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with individual garages, corner-lot placement, and convenient access to public water and sewer.
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: 2,024‑square‑foot duplex with two three‑bedroom units; Each unit includes 1.5 bathrooms, a private backyard, and its own garage; Recent mini‑split heating and cooling systems and fresh interior paint
