4-Unit Property with
For Sale
$619,000
711 SW Burgess Street, Grants Pass, OR 97526
Residential Income, Grants Pass, OR
Property Size4,320 SF
Lot Size0.24 Acres
Price / SF$143.29
Days on Market232
Property Features for 711 SW Burgess Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-3; Res High Density
Parking features
Parking Lot
Window features
Aluminum Frames, Double Pane Windows
Interior features
Shower/Tub Combo
Appliances
Cooktop, Oven, Water Heater
Subdivision
H.B. Miller Co's
Lot features
Corner Lot, Fenced, Level
View
Territorial
Elementary school
Parkside Elem
Middle school
North Middle
High school
Grants Pass High
Directions
Take M St (towards Bridge St), turn right on SW Pine St, turn left on SW Burgess to address on the left.
Standard status
Active
APN
R312748
Size
4,320 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3748
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
gated front yard
storage unit
Building Details
Year built
1964
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty GP Branch
(541) 608-0447
Listed By:
Charley Waddington · License #200203279
(541) 659-9072
Added: Jan 28
Changed: Sep 17
Last Checked: Sep 17 at 5:06PM
MLS# 220214415
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 4-unit residential income property contains 4,320 square feet on a 0.24-acre corner lot. Built in 1964 with frame construction, the building includes four 2-bedroom, 1 1/2-bath units, each approximately 1,080 square feet. Unit interiors feature carpet and vinyl flooring, shower/tub combinations, cooktops, ovens, water heaters, and wall-furnace heating. A 360-square-foot storage building is located behind the property.
Rear parking is accessed from the alley, while each residence has a separate gated front yard. The property is served by public water and public sewer and has a composition roof. Located in Grants Pass, Oregon, the asset is identified as a quadplex and is offered for sale.
Rear parking is accessed from the alley, while each residence has a separate gated front yard. The property is served by public water and public sewer and has a composition roof. Located in Grants Pass, Oregon, the asset is identified as a quadplex and is offered for sale.
Key Highlights
- 4,320 square feet on a 0.24‑acre corner lot
- Four 2‑bedroom, 1 1/2‑bath units, each approximately 1,080 square feet
- 360‑square‑foot storage building at the rear
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
$35,089
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
5.67%
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%
$701,780
$701.8K
Cap Rate 7%
$501,271
$501.3K
Cap Rate 9%
$389,878
$389.9K
Market Conditions
NOI Build-Up for 4,320 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
$52.9K $12.24/SF
− Vacancy
−$2.7K −$0.64/SF
EGI
$50.1K $11.60/SF
− OpEx
−$15.0K −$3.48/SF
NOI
$35.1K $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 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%
$701,780
Cap Rate 7%
$501,271
Cap Rate 9%
$389,878
Alternative Uses
Best Use
Multifamily LT 5
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$465.3K
$407.2K – $542.9K
NOI $32,572 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$979.5K
$857.1K – $1.14M
NOI $68,566 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,550
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
Check the figures for this property
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?
Quadplex - Corner-lot income property with rear parking, alley access, and individually gated front yards.
Where is this quadplex located?
The property is located at 711 SW Burgess Street Grants Pass, OR.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: 4,320 square feet on a 0.24‑acre corner lot; Four 2‑bedroom, 1 1/2‑bath units, each approximately 1,080 square feet; 360‑square‑foot storage building at the rear
