Duplex With Two-Car
For Sale
$375,000
717 NW B Street, Grants Pass, OR 97526
Residential Income, Grants Pass, OR
Property Size2,128 SF
Lot Size0.11 Acres
Price / SF$176.22
Days on Market29
Property Features for 717 NW B Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-3
Parking features
On Street, Driveway
Window features
Double Pane Windows, Aluminum Frames
Patio and Porch features
Porch
Interior features
Laminate Counters, Primary Downstairs, Shower/Tub Combo
Appliances
Dishwasher, Range, Range Hood, Refrigerator, Water Heater
Lot features
Corner Lot
Elementary school
Highland Elem
Middle school
North Middle
High school
Grants Pass High
Standard status
Active
APN
R3111152
Size
2,128 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2707
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
fenced backyard
laundry hookups
Building Details
Year built
1987
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Gerald Yawn · License #201245293
(541) 531-9060
Added: Aug 10
Changed: Sep 7
Last Checked: Sep 7 at 1:06PM
MLS# 220226798
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 1987, this ranch-style duplex contains two mirrored residences, each with 2 bedrooms, 1 bathroom, and 784 square feet. The units are separated by a two-car garage rather than shared living walls, with one parking bay assigned to each residence and laundry hookups available. Each side also has a small fenced backyard, while three additional off-street spaces support parking flexibility.
The property is located near downtown Grants Pass at 717 NW B Street. Both units have separate power meters, and one residence is currently occupied. Additional features include a composition roof approximately 10 years old, public water and sewer, baseboard heat, window or wall/window cooling, laminate counters, and a mix of carpet and vinyl flooring.
The property is located near downtown Grants Pass at 717 NW B Street. Both units have separate power meters, and one residence is currently occupied. Additional features include a composition roof approximately 10 years old, public water and sewer, baseboard heat, window or wall/window cooling, laminate counters, and a mix of carpet and vinyl flooring.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per residence
- Each unit measures 784 sq ft; total property size is 2,128 square feet
- Two‑car garage provides one dedicated parking bay per unit and laundry hookups
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
$17,285
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
4.61%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,954
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
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 - Two mirrored residences offer separate utility metering, private outdoor space, and dedicated parking within a low-maintenance layout.
Where is this duplex located?
The property is located at 717 NW B Street 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‑unit duplex with 2 bedrooms and 1 bathroom per residence; Each unit measures 784 sq ft; total property size is 2,128 square feet; Two‑car garage provides one dedicated parking bay per unit and laundry hookups
