Listing Courtesy of: Oregon Datashare / Listed By: Steve Parmelee, Windermere Van Vleet & Associates, Inc.; Sally Harrington, Medford

Grants Pass, OR 97526

Active (1 Days)

$875,000 ^(USD)

3,376

SQFT

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Description

Value-add 11-unit investment opportunity with established income and multiple paths to stronger NOI. Nine units may support rent increases of approximately $25/month, adding about $2,700 in annual gross income. Based on stabilized underwriting, projected NOI is approximately $62,319, indicating a 7.12% cap rate at the $875,000 offering price. Recent operating history reflects elevated repairs and other non-recurring expenses, creating upside as operations normalize. Deferred maintenance, including exterior paint and a roof that may require attention in the near future, gives a new owner the opportunity to improve curb appeal, strengthen the asset and enhance long-term value. On-site laundry and established rental history add to the appeal. Financials available. Buyer to verify all information.

MLS #:
220229433

Taxes
$3,662(2026)

Lot Size
10,454 SQFT

Type
Multifamily

Year Built
1938

Style
Bungalow

County
Josephine County

Listed By

Steve Parmelee, Windermere Van Vleet & Associates, Inc.
Sally Harrington, Windermere Van Vleet & Associates, Inc.

Source
Oregon Datashare
Last checked Oct 2 2026 at 7:04 PM GMT+0000

Bathroom Details

Kitchen

Range

Property Features

Foundation: Other

Heating and Cooling

Other
Wall/Window Unit(s)

Flooring

Laminate
Tile

Exterior Features

Roof: Composition

Utility Information

Sewer: Public Sewer

School Information

Elementary School: Check With District
Middle School: Check With District
High School: Check With District

Parking

Asphalt
Parking Lot

Stories

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer:

© 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than (insert company name) are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Windermere Real Estate Services Company, Inc.. Data last updated: 10/2/26 12:04.