Central Oregon Homes, Land & Acreage for Sale

230 256 Grant Street, Ashland, OR 97520

$2,250,000

Property Type: Residential Income Square Footage: 11,208 Status: Pending

Current Price: $2,250,000 List Date: 4/30/2026 Last Modified: 9/21/2026

Overview

Description

Ten, six, or four-unit investment opportunity in Ashland's Hillview Condominiums near Scenic Park and Asante Ashland. Seller-carried financing available at ~3.99% AFR with 50% down, interest-only payments, with balloon due in three years. Each unit ranges from 1,034 to 1,174 SqFt with two bedrooms, one full bath, open living and dining space, high ceilings, in-unit laundry, kitchen with granite counters and all appliances included, dedicated parking, storage, and access to landscaped common areas. Ground-level units with fully fenced private backyards and poured concrete patios. Current gross monthly income is $15,730 across all ten units following rent increases effective August 1st, 2026. Stable tenancy averaging four-plus years, room for further rent growth, and association-maintained exterior building components including roofs, siding, paint, and landscaping. Complete investment analysis, rent roll, association documents, and due diligence materials available upon request.

Listing Details MLS# 220220428

General Property Information

Property Sub Type: Multi Family
Building Area Total: 11208
Building Area Source: Assessor
Building Area Units: Square Feet
# of Units Total: 10
Year Built: 2003
Short Term Rental Permit YN: No
New Construction YN: No
Elementary School: Helman Elem
Middle Or Junior School: Ashland Middle
High School: Ashland High
Zoning: R-2
Tax Annual Amount: 32434
Tax Year: 2025
CC&R's YN: Yes
Association YN: Yes
Association Fee: 2685.5
Association Fee Frequency: Monthly
FIRPTA YN: No
Sign On Property YN: No

Property Features

Appliances: Dishwasher; Disposal; Dryer; Microwave; Oven; Range; Range Hood; Refrigerator; Washer; Water Heater Architectural Style: Craftsman; Northwest Basement: None Common Walls: 2+ Common Walls; End Unit Construction Materials: Frame Cooling: Central Air Flooring: Carpet; Tile; Vinyl Foundation Details: Slab Heating: Forced Air; Natural Gas Interior Features: Built-in Features; Granite Counters; Linen Closet; Primary Downstairs; Shower/Tub Combo Levels: One Roof: Composition Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Unit 1 Rent Includes: Garbage; Landscaping Unit 2 Rent Includes: Garbage; Landscaping Unit 3 Rent Includes: Garbage; Landscaping Unit 4 Rent Includes: Garbage; Landscaping Window Features: Double Pane Windows; Vinyl Frames Additional Features: Bus Service or Stop; Separate Electric Meters; Separate Water Meters Utilities: Cable Available; Electricity Connected; Natural Gas Available; Phone Available Lot Features: Garden; Landscaped; Level Parking Features: Asphalt; Assigned; Detached Carport; On Street; Storage Patio and Porch Features: Front Porch; Patio Road Frontage Type: Shared Access Road Surface Type: Paved Structure Type: Mixed Use View: Cascade Mountains; Mountain(s); Neighborhood; Park/Greenbelt Association Amenities: Landscaping; Trash; Other Community Features: Access to Public Lands; Gas Available; Park; Pickleball; Playground; Pool; Short Term Rentals Not Allowed; Sport Court; Tennis Court(s); Trail(s) Power Production: None Sewer: Public Sewer Water Source: Public Documents on File: APOD; Maintenance Records; Profit and Loss Statement; Rental Agreement; Schedule of Tenants; Seller Disclosure Listing Terms: Cash; Owner Will Carry; Private Financing Available Special Listing Conditions: Standard

Location Tax and Legal

Street Number: 230
Street Name: Grant
Street Suffix: Street
County: Jackson
State: OR
Postal Code: 97520
Subdivision Name: N/A

Contract Information

Original List Price: 2250000
List Price per SqFt: 200.75
Listing Contract Date: 2026-04-30

Remarks and Miscellaneous

Public Remarks: Ten, six, or four-unit investment opportunity in Ashland's Hillview Condominiums near Scenic Park and Asante Ashland. Seller-carried financing available at ~3.99% AFR with 50% down, interest-only payments, with balloon due in three years. Each unit ranges from 1,034 to 1,174 SqFt with two bedrooms, one full bath, open living and dining space, high ceilings, in-unit laundry, kitchen with granite counters and all appliances included, dedicated parking, storage, and access to landscaped common areas. Ground-level units with fully fenced private backyards and poured concrete patios. Current gross monthly income is $15,730 across all ten units following rent increases effective August 1st, 2026. Stable tenancy averaging four-plus years, room for further rent growth, and association-maintained exterior building components including roofs, siding, paint, and landscaping. Complete investment analysis, rent roll, association documents, and due diligence materials available upon request.

Status Change Information

Under Contract Date: 2026-09-20
Status Change Timestamp: 2026-09-21

More Information

Unit 1

Unit #: 230 Grant
# of Bedrooms: 2
# Full Baths: Yes

Unit 2

Unit #: 236 Grant
# of Bedrooms: 2
# Full Baths: Yes

Unit 3

Unit #: 238 Grant
# of Bedrooms: 2
# Full Baths: Yes

Unit 4

Unit #: 240 Grant
# of Bedrooms: 2
# Full Baths: Yes

Unit 5 or More

Unit List Attached: Yes

Parking Details

# of Carports: 4
# of Other Parking: 52

Income and Expenses (Annual Amounts)

Gross Income: 179322
Professional Management Expense $: 11326
Number of Units Leased: 10
Operating Expense: 88774
Net Operating Income: 90548
Cap Rate: 4.02

Listing Office: John L. Scott Ashland

Last Updated: September - 21 - 2026

Information deemed reliable but not guaranteed.