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128 S Mountain Ave 5 Unit Apartment Building $855,000 ($171,000/Unit) Ashland, OR 97520
Investment Highlights
- Well-maintained duplex located near downtown Ashland, offering immediate rental income and long-term investment potential.
- Significant capital improvements include a newer roof, vinyl windows, stainless steel appliances, gas log fireplace, and a new water heater.
- Professionally managed property with a strong rental history, ensuring stability and consistent cash flow.
- Both units are currently leased at $1,450 per month each, with tenants responsible for all utilities, minimizing operating expenses.
- Situated on an approximately 0.27-acre R-3 high-density zoned lot, providing exceptional redevelopment potential with a base density factor of 5.4 and
- Conveniently located close to schools, parks, and downtown amenities, enhancing tenant appeal and future development value.
Executive Summary
Prime Investment & Development Opportunity in Ashland.
Well-maintained duplex located close to downtown offering immediate cash flow and long-term upside potential. Both units are rented at $1,450 per month ($2,900 total), with tenants paying all utilities, keeping operating expenses low. Property has an excellent rental history and is professionally managed.
Capital improvements include newer roof, vinyl windows, stainless appliances, gas log fireplace (rear unit), new water heater and additional updates.
Situated on a large approx. 0.27-acre R-3 high-density zoned lot, creating exceptional future redevelopment potential. The City of Ashland Planning Department indicates a 5.4 base density factor with potential for up to 20 units. (buyer due diligence required). For development details contact Aaron Anderson or Nick Schubert at City of Ashland Planning Department.
Well-maintained duplex located close to downtown offering immediate cash flow and long-term upside potential. Both units are rented at $1,450 per month ($2,900 total), with tenants paying all utilities, keeping operating expenses low. Property has an excellent rental history and is professionally managed.
Capital improvements include newer roof, vinyl windows, stainless appliances, gas log fireplace (rear unit), new water heater and additional updates.
Situated on a large approx. 0.27-acre R-3 high-density zoned lot, creating exceptional future redevelopment potential. The City of Ashland Planning Department indicates a 5.4 base density factor with potential for up to 20 units. (buyer due diligence required). For development details contact Aaron Anderson or Nick Schubert at City of Ashland Planning Department.
Property Facts
| Price | $855,000 | Apartment Style | Low-Rise |
| Price Per Unit | $171,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 5 | Building Size | 1,440 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1971 |
| Zoning | R-3 - R-3 zoning generally designates areas for medium-to-high density residential development, allowing a mix of single-family homes, duplexes, townhouses, and multi-family apartments or condominiums. | ||
| Price | $855,000 |
| Price Per Unit | $171,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 1,440 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Zoning | R-3 - R-3 zoning generally designates areas for medium-to-high density residential development, allowing a mix of single-family homes, duplexes, townhouses, and multi-family apartments or condominiums. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 684 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $772,050 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$772,050
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128 S Mountain Ave
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