803 N Main St Ashland, OR 97520

Circle A Apartments is a 12-unit, garden-style multifamily property on a single tax lot, featuring single-level apartment living with no units above or below. The unit mix includes ten one-bedroom, one-bath units, one two-bedroom, one-bath unit, and one three-bedroom, two-bath standalone house. The house and three of the apartments need repairs or renovations before being rented, and four units are currently vacant, creating a near-term opportunity for income growth through unit repairs, renovations, and lease-ups. Improvements and finishes in place include refreshed interiors with carpet, vinyl, counters, cabinets, paint, lighting fixtures, and appliances as required, with several units featuring vaulted ceilings. The property also includes off-street parking, abundant open space, two storage sheds, and an internal storage area for landlord use, as well as concrete and retaining wall improvements behind various buildings.

The property has N. Main Street frontage and is located near a Rogue Valley Transportation District (RVTD) bus stop with public transit access throughout Ashland and the greater Rogue Valley. It is one mile from downtown Ashland and the Oregon Shakespeare Festival’s Elizabethan Theatre, two miles from Southern Oregon University, and within 18 miles of multiple parks, including Lithia Park. Oregon law currently permits up to a 9.5% annual increase in 2026, and the property is zoned R-2 for low-density multifamily residential development up to 13.5 dwelling units per acre.

An additional plot of approximately 4,000 square feet is available for other revenue-generating opportunities. Several units have not received a rent increase within the past 12 months, and the current ownership self-manages the property, achieving rents of approximately $1,200 per month for the one-bedroom units.