☎ (503) 694-7020
☰

← All listings

Photo 1 of 12Photo 2Photo 3Photo 4Photo 5Photo 6Photo 7Photo 8Photo 9Photo 10Photo 11Photo 12
ActiveListed by RealtyNet LLC

158 N. Mountain Avenue

Ashland, OR 97520 · MLS # 220230065
$800,000
8Beds
8Baths
4,200Sq Ft
$190Per Sq Ft
2023Year Built
7,190Lot Sq Ft

Five-Unit Solar Co-Housing with All-Electric A.R.U., Beach Creek, Ashland

Highlights

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

Verify school assignment with the district.

Monthly payment estimator

An estimate to help you plan, not a loan offer. The rate below is only an example: replace it with a rate quoted by your lender.

Principal & interest
-
Property tax (from listing: $9,381/yr)
$782
HOA dues (from listing)
$75
Estimated total / month
-

Loan amount -. Not included: homeowners insurance, mortgage insurance, utilities.

Location

Tour this home☎ Call