Updated Duplex With Detached
For Sale
Contact for pricing
563 ROCK ST, Ashland, OR 97520
Two residences share one tax lot, with separate addresses, individual meters, and off-street parking.
Property Size2,790 SF
Price / SF$345.88
Days on Market147
Property Features for 563 ROCK ST
General Information
Standard status
Active
Size
2,790 SF
Property subtype
Multifamily, Hospitality
Zoning
SF R-2
Investment Type
Owner/User
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1895
Year Renovated
2018
Buildings
3
Stories
2
Listing Agency:
Millen Property Group
Listed By:
Patie Millen · License #OR 940200113
(541) 301-3435
Source:
Crexi
Added: May 23
Changed: Oct 15
Last Checked: Oct 16 at 5:45AM
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 Millen Property Group
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Investment Insights
Based on property information with market context.
This duplex property includes two separate residences on one tax lot, each with its own address and meter. The primary home offers four bedrooms, two bathrooms, an open main living area, and renovations completed in 2018. A detached two-car garage includes an upper studio with a full bathroom; the studio is currently used with the main residence as a fifth bedroom, office, or art studio.
The second residence is a single-level home constructed in 2018 with two bedrooms, two bathrooms, an open-concept interior, and high ceilings. Both homes feature modern systems and updated interiors, with off-street parking serving the property. The SF R-2 zoning currently allows two Airbnb units when the owners reside on the premises. The studio is not currently permitted as a separate residence, and a city preapplication would be required to evaluate conversion feasibility.
The second residence is a single-level home constructed in 2018 with two bedrooms, two bathrooms, an open-concept interior, and high ceilings. Both homes feature modern systems and updated interiors, with off-street parking serving the property. The SF R-2 zoning currently allows two Airbnb units when the owners reside on the premises. The studio is not currently permitted as a separate residence, and a city preapplication would be required to evaluate conversion feasibility.
Key Highlights
- Two residences on one tax lot with separate addresses and meters
- Detached 2‑car garage with an upper studio and full bath
- Primary residence includes 4 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,898
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,960
$598.0K
Cap Rate 7%
$427,114
$427.1K
Cap Rate 9%
$332,200
$332.2K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$45.2K $16.20/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$42.7K $15.31/SF
− OpEx
−$12.8K −$4.59/SF
NOI
$29.9K $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%
$597,960
Cap Rate 7%
$427,114
Cap Rate 9%
$332,200
Alternative Uses
Best Use
Multifamily LT 5
$427.1K
$373.7K – $498.3K
NOI $29,898 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$374.9K
$328.0K – $437.3K
NOI $26,240 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$673.4K
$589.3K – $785.7K
NOI $47,140 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
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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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?
Duplex - Two residences share one tax lot, with separate addresses, individual meters, and off-street parking.
Where is this duplex located?
The property is located at 563 ROCK ST Ashland, OR.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Two residences on one tax lot with separate addresses and meters; Detached 2‑car garage with an upper studio and full bath; Primary residence includes 4 bedrooms and 2 baths
