Circle A Apartments — Sale in Ashland, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Ashland, OR 97520

Description

*Please see notes at the bottom of this page* The Circle A Apartments, located at 803 N. Main Street in Ashland, Oregon, is a 12-unit garden-style multifamily property situated on a single tax lot, totaling 0.92 Acres or over 40,000 square feet. Originally constructed in the 1930's, the property features a desirable unit mix consisting of ten (10) one-bed/one-bath units, one (1) two-bed/one-bath unit, and one (1) three-bed/two-bath standalone house. All apartment units are single-level, providing quiet living with no residents above or below. The house and three of the apartments need repairs or renovations before being rented. The property also includes a plot of approximately 4,000 square feet that is available for other revenue generating opportunities. The apartment complex includes off-street parking and abundant open space. Two storage sheds and an internal storage area are currently available for landlord use. Units are refurbished with carpet, vinyl, counters, cabinets, paint, lighting fixtures and appliances as required. Several units also feature vaulted ceilings. Notable improvements include a concrete retaining wall located behind the building of units 1-3 and retaining walls behind the buildings of units 7 and 8 and 9-11. Current ownership self-manages the property and is achieving rents of approximately $1,200 per month for the one-bedroom units. Units #5, #8, #10, and the house are currently vacant, presenting a near-term opportunity to increase monthly income through unit repairs, renovations and lease-ups. Six of the units have not received a rent increase within the past 12 months. Oregon law currently permits up to a 9.5% annual increase in 2026. The property is zoned R-2, permitting low-density multifamily residential development of up to 13.5 dwelling units per acre. The Property's N. Main Street frontage and sweeping views of the Rogue Valley make this a rare opportunity to own a prime location. The combination of strong visibility, favorable z

Market Context

This multifamily in Ashland, OR is listed for sale. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Ashland, OR — view the full market.

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