Duplex with Two-Car
For Sale
$375,000
Pending
717 NW B St, Grants Pass, OR 97526
Separately metered duplex with private fenced yards, dedicated garage parking, and laundry hookups for each residence.
Property Size2,128 SF
Days on Market55
Property Features for 717 NW B St
General Information
Standard status
Pending
Size
2,128 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fenced backyard
laundry hookups
Building Details
Year Built
1987
Buildings
1
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Sep 8
Changed: Oct 31
Last Checked: Nov 1 at 5:04AM
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 Home and Land Real Estate
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Investment Insights
Based on property information with market context.
Built in 1987, this duplex contains two mirrored residences, each with two bedrooms, one bathroom, and a small fenced backyard. The units are separated by a two-car garage, with one dedicated parking bay and laundry hookups assigned to each side. The layout avoids shared living walls between residences. Three additional off-street parking spaces provide further on-site parking.
Each residence has a separate power meter, and one unit is currently occupied. The composition roof is approximately 10 years old. The property is located at 717 NW B St in Grants Pass, close to downtown and positioned for an owner-occupant or rental ownership strategy supported by the existing duplex configuration.
Each residence has a separate power meter, and one unit is currently occupied. The composition roof is approximately 10 years old. The property is located at 717 NW B St in Grants Pass, close to downtown and positioned for an owner-occupant or rental ownership strategy supported by the existing duplex configuration.
Key Highlights
- Two mirrored residences, each with 2 bedrooms and 1 bathroom
- Two‑car garage provides one dedicated parking bay per residence
- Small fenced backyard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,285
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,700
$345.7K
Cap Rate 7%
$246,929
$246.9K
Cap Rate 9%
$192,056
$192.1K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$26.0K $12.24/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$24.7K $11.60/SF
− OpEx
−$7.4K −$3.48/SF
NOI
$17.3K $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%
$345,700
Cap Rate 7%
$246,929
Cap Rate 9%
$192,056
Alternative Uses
Best Use
Multifamily LT 5
$246.9K
$216.1K – $288.1K
NOI $17,285 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$229.2K
$200.6K – $267.4K
NOI $16,045 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$482.5K
$422.2K – $562.9K
NOI $33,775 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,954
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separately metered duplex with private fenced yards, dedicated garage parking, and laundry hookups for each residence.
Where is this duplex located?
The property is located at 717 NW B St Grants Pass, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two mirrored residences, each with 2 bedrooms and 1 bathroom; Two‑car garage provides one dedicated parking bay per residence; Small fenced backyard for each unit
