158 N. Mountain Avenue
Five-Unit Solar Co-Housing with All-Electric A.R.U., Beach Creek, Ashland
Income and Value: Five rental units with a current rent roll of $6,265 per month ($75,180 annualized). Offered at $800,000, or $160,000 per unit and $325.07 per square foot. GRM of 10.64 and a 6.23% capitalization rate on allocated trailing twelve-month NOI.
Co-Housing Configuration: Three main-floor studios, each with a private bathroom and kitchenette, and a second-story two-bedroom unit share a full common kitchen, entry, and corridor. An attached, all-electric one-bedroom A.R.U. is fully self-contained with its own kitchen, bathroom, living area, and laundry.
Energy-Efficient 2023 Construction: Designed to Earth Advantage Platinum standards, with rooftop solar photovoltaic power, energy recovery ventilation, enhanced insulation and air sealing, Energy Star appliances, on-demand water heating, and wildfire-code construction.
Individual Comfort Controls: Each unit has its own ductless mini-split heat pump for heating and cooling, in-unit laundry, and electronic keypad entry.
All-Inclusive Tenancy: Owner-paid utilities, including fiber internet, simplify leasing and support tenant demand. Units are leased unfurnished.
Interior Finishes: 9-foot main-floor ceilings, vaulted upstairs bedrooms, luxury vinyl plank flooring.
Site: 2,461 square feet of gross building area on a 7,190 square foot lot, with a shared, gated patio between the two buildings.
Walkable Location: Beach Creek is a net-zero, solar-powered neighborhood with pedestrian and bicycle connections. The central bike path is a two-minute walk, Garfield Park six to eight minutes, and Downtown Ashland fifteen to eighteen minutes. Walk Score 70; Bike Score 82. Southern Oregon University and North Mountain Park are nearby.
Regional Access: OR-99 is 0.7 miles away, Interstate 5 (Exit 14) is 2.7 miles, and Rogue Valley International-Medford Airport is 15.2 miles.
Companion Offering: The adjoining five-unit residence at 166 N. Mountain Avenue is offered separately at $800,000; buy one building or both.
Five units, 2023 construction, and a 6.23% cap rate in one of Ashland’s most sustainable neighborhoods. 158 N. Mountain is a co-housing residence in the net-zero, solar-powered Beach Creek community: three studios, one two-bedroom unit, and an attached one-bedroom A.R.U., with 2,461 square feet of gross building area on a 7,190 square foot lot. Every unit has a private bathroom, in-unit laundry, heating and cooling, and electronic access; the four units with private kitchenettes also share a full kitchen and common living area, and the all-electric A.R.U. has its own kitchen. Solar power, high-efficiency HVAC and ERV systems, Energy Star appliances, and on-demand water heating keep operating costs low. Utilities, including fiber internet, are included in rent. Allocated T-12 NOI of $49,846 through June 2026; $800,000, or $160,000 per unit. Walk Score 70 and Bike Score 82, with a three-minute walk to the central bike path and easy access to Downtown Ashland & Southern Oregon University.
Key facts
- Property Type
- Multi Family
- Year Built
- 2023
- Stories / Levels
- 2
- Lot Size
- 0.17
- Acres
- 0.17
- Lot Square Feet
- 7,190
- Garage
- No
- County
- Jackson
- Annual Property Tax
- $9,381
- HOA
- Yes
- HOA Dues Amount
- $75
- HOA Dues Frequency
- Monthly
Features
Heating
- Ductless/Mini-Split
- Heat Pump
- Zoned
Cooling
- Ductless
- Exhaust Fan
- Heat Pump
- Mini Split
- Zoned
- Other
Parking Features
- Driveway
- Electric Vehicle Charging Station(s)
- Off Street
- On Street
- Open
- Paved
- Shared Driveway
Schools
- Elementary School
- Walker Elementary
- Middle School
- Ashland Middle School
- High School
- Ashland High School
Monthly payment estimator
- Principal & interest
- -
- Property tax (from listing: $9,381/yr)
- $782
- HOA dues (from listing)
- $75
- Estimated total / month
- -
Location
158 N. Mountain Avenue, Ashland, OR 97520Open in Maps ↗