$875,000
1/3280 AC · Agriculture
0 Panther Creek #TL2400
Grants Pass, OR 97527
#220220438 01 / 18
For sale New · 6d
$875,000
Address withheld by seller
Grants Pass, OR 97526 · N/A
- Baths
- 0
- Acres
- 0.24
- Built
- 1938
Listing by Windermere Van Vleet & Assoc. · +1 541-779-6520
MLS# 220229433 · Active
01
About this home
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.
02
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03
Price history
6 days, no changes| Date | Event | Price |
|---|---|---|
| Sep 30, 2026 | Listed for sale | $875,000 |
From the MLS: original list price and latest price change. 6 days on market.
04
Facts & features
Built 1938- Type
- Multi Family
- Year built
- 1938
- Stories
- 1
- Lot
- 0.24 AC · 10,454 SF
- HOA
- None reported
- Taxes
- $3,662/yr
- Subdivision
- N/A
- County
- Jackson
- Days on market
- 6
- MLS #
- 220229433
- Appliances
- Range
- Flooring
- Laminate · Tile
- Heating
- Other
- Cooling
- Wall/Window Unit(s)
- Parking
- Asphalt · Parking Lot
- Construction
- Frame
- Roof
- Composition
05
Location & schools
N/A- Elementary
- Check with District
- Middle
- Check with District
- High
- Check with District
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
06
Monthly payment
$5,058/mo$5,058/mo
$700,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $4,424
- Property tax (listing)
- $305
- Home insurance (est.)
- $328
20% · $175,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220225735Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 3:00 PM.
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