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Date
Details
Price
Change
Source
10/01/2026
Listed
$875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/18
$875,000
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1/18
Property 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.
Full Property Details
Full Property Details for MLS# 220229433
General
- Price: $875,000
- Taxes: $3,662 (2026)
- Status: Active
- Type: Multi-Family
- Source: ODS
- MLS ID: 220229433
- Updated: 10/1/2026
- Added to Site: 20 day(s) ago
Interior
- Appliances: Range
- Flooring: Laminate, Tile
Parking
- Parking Features: Asphalt, Parking Lot
- Parking: Primary Suite
Location
- Area: 3376
- County: Jackson
- Subdivision: N/A
- Cross Streets: NE Manzanita Street
School Information
- Elementary School: Check with District
- Middle School: Check with District
- High School: Check with District
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Bungalow
- Construction: Frame
- Foundation: Other
- Roof: Composition
- Common Walls: 2+ Common Walls
- Stories/Levels: 1
- Square Feet: 3,376
- Sq. Ft. Source: Other
- Year Built: 1938
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Street/Road Desc.: Paved
- Zoning: GC
Financial Considerations
- Tax Amount: $3,662
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Section: Not Applicable
Listed by Windermere Van Vleet & Assoc. +1 541-779-6520, Steven W Parmelee (541) 821-2955 and Windermere Van Vleet & Assoc. +1 541-779-6520, Sally Harrington (541) 727-1700
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Listing agents
— MLS# 220229433 —
Steven W Parmelee
Windermere Van Vleet & Assoc.
+1 541-779-6520
Sally Harrington
Windermere Van Vleet & Assoc.
+1 541-779-6520
NMLS#: 1598647
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MLS# 220229433, Grants Pass, OR 97526 (MLS# 220229433) is a Multi-Family property with 11 units containing 0 bedrooms and 0 full bathrooms. MLS# 220229433 is currently listed for $875,000 and was received on October 01, 2026. Want to learn more about MLS# 220229433? Do you have questions about finding other Multi-Family real estate for sale in Grants Pass? You can browse all Grants Pass real estate or contact a Coldwell Banker agent to request more information.