Four-Unit Multifamily
For Sale
$619,000
711 SW Burgess Street Grants, Grants Pass, OR 97526
Corner-lot rental property with rear parking, alley access, private gated yards, and additional storage.
Property Size4,320 SF
Days on Market259
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Property Features for 711 SW Burgess Street Grants
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Quadruplex
Amenities
Wall Furnace
Cooktop
Oven
Water Heater
Composition
Building Details
Building Size
4,320 SF
Year Built
1964
Listing Agency:
Keller Williams Realty Southern Oregon
Listed By:
Charley Waddington · License #200203279
(541) 659-9072
Source:
Kw
Added: Jan 29
Changed: Oct 15
Last Checked: Oct 14 at 8:29PM
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 Keller Williams Realty Southern Oregon
Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1964 and includes four similarly configured residences. Each unit offers two bedrooms, one and one-half bathrooms, and approximately 1,080 square feet. Interior improvements include wall furnaces, cooktops, ovens, and water heaters, while the exterior has composition siding or roofing.
The property occupies a corner lot in Grants Pass, Oregon. Parking is located behind the building and is accessed from the alley. Each residence has a separate gated front yard, providing defined outdoor space for occupants. A 360-square-foot storage unit is also located at the rear of the property.
The property occupies a corner lot in Grants Pass, Oregon. Parking is located behind the building and is accessed from the alley. Each residence has a separate gated front yard, providing defined outdoor space for occupants. A 360-square-foot storage unit is also located at the rear of the property.
Key Highlights
- Four‑unit property built in 1964
- Each unit includes 2 bedrooms, 1 1/2 bathrooms, and approximately 1,080 sqft
- Corner‑lot setting in Grants Pass, Oregon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,089
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
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
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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?
Quadplex - Corner-lot rental property with rear parking, alley access, private gated yards, and additional storage.
Where is this quadplex located?
The property is located at 711 SW Burgess Street Grants 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: Four‑unit property built in 1964; Each unit includes 2 bedrooms, 1 1/2 bathrooms, and approximately 1,080 sqft; Corner‑lot setting in Grants Pass, Oregon
