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4-Plex 702 SE 9th St 2816 Unit Apartment Building $550,000 ($195/Unit) 6.07% Cap Rate Grants Pass, OR 97526
Investment Highlights
- Well Maintained
- Recent Renovations
- Strong 5.7% Return
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$46,560
|
$18.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$931
|
$0.37
|
| Effective Gross Income |
$45,629
|
$18.25
|
| Taxes |
$3,756
|
$1.50
|
| Operating Expenses |
$8,485
|
$3.39
|
| Total Expenses |
$12,241
|
$4.90
|
| Net Operating Income |
$33,388
|
$13.36
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $46,560 |
| Annual Per SF | $18.62 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $931 |
| Annual Per SF | $0.37 |
| Effective Gross Income | |
|---|---|
| Annual | $45,629 |
| Annual Per SF | $18.25 |
| Taxes | |
|---|---|
| Annual | $3,756 |
| Annual Per SF | $1.50 |
| Operating Expenses | |
|---|---|
| Annual | $8,485 |
| Annual Per SF | $3.39 |
| Total Expenses | |
|---|---|
| Annual | $12,241 |
| Annual Per SF | $4.90 |
| Net Operating Income | |
|---|---|
| Annual | $33,388 |
| Annual Per SF | $13.36 |
Property Facts
| Price | $550,000 | Property Subtype | Apartment |
| Price Per Unit | $195 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,500 SF |
| Cap Rate | 6.07% | Average Occupancy | 100% |
| No. Units | 2816 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Zoning | R-4 | ||
| Price | $550,000 |
| Price Per Unit | $195 |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| No. Units | 2816 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.15 AC |
| Building Size | 2,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | R-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1408 | $927.50 | - |
| 1+1 | 1408 | $1,013 | - |
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Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | R310830 | Total Assessment | $289,250 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $3,756 ($1.50/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R310830
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$289,250 (2025)
Annual Taxes
$3,756 ($1.50/SF)
Tax Year
2024
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4-Plex | 702 SE 9th St
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