166 N. Mountain Ave.
2023 Net-Zero 5-Unit Co-Housing, 7.08% Cap, Walk to Downtown Ashland
Income and Value: Five rental units with a current rent roll of $6,875 per month ($82,500 annualized). Offered at $800,000, or $160,000 per unit and $322.45 per square foot. GRM of 9.70 and a 7.08% capitalization rate on trailing twelve-month NOI.
Co-Housing Configuration: Three main-floor studios, each with a private bathroom, and a second-story two-bedroom unit share a full common kitchen, entry foyer, and corridor. An attached one-bedroom A.R.U. is fully self-contained with its own kitchen, bathroom, living area, walk-in closet, laundry, and entry porch.
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, 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, support strong tenant demand and simple lease administration. Units are leased unfurnished.
Interior Finishes: 9-foot main-floor ceilings, vaulted upstairs bedrooms, and luxury vinyl plank flooring.
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 158 N. Mountain Avenue is offered separately at $800,000, allowing a buyer to acquire one building or both.
Five-unit co-housing income property completed in 2023 in Ashland’s net-zero Beach Creek neighborhood. Three main-floor studios with private baths and a two-bedroom upstairs unit share a full common kitchen; an attached one-bedroom A.R.U. has its own kitchen, bath, and laundry. 2,481 SF of gross building area. Earth Advantage Platinum design with rooftop solar, energy recovery ventilation, ductless mini-split heat pumps in every unit, in-unit laundry, and keypad entry. Owner-paid utilities, including fiber internet. Current rent roll $6,875 per month ($82,500 annualized); GRM 9.70 and cap rate 7.08% on trailing twelve-month NOI. Walk Score 70, Bike Score 82, minutes to Downtown Ashland, Southern Oregon University, and North Mountain Park. Offered at $800,000, or $160,000 per unit. The adjoining five-unit residence at 158 N. Mountain Avenue is offered separately.
Key facts
- Property Type
- Residential
- Year Built
- 2023
- Stories / Levels
- 2
- Lot Size
- 0.18
- Acres
- 0.18
- Lot Square Feet
- 7,620
- 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
Cooling
- ENERGY STAR Air Conditioning
- Heat Pump
- Mini Split
Parking Features
- Additional Parking
- Off Street
- On Street
- 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
166 N. Mountain Ave., Ashland, OR 97520Open in Maps ↗