☎ (503) 694-7020
☰

← All listings

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

166 N. Mountain Ave.

Ashland, OR 97520 · MLS # 220230066
$800,000
6Beds
5Baths
2,481Sq Ft
$322Per Sq Ft
2023Year Built
7,620Lot Sq Ft

2023 Net-Zero 5-Unit Co-Housing, 7.08% Cap, Walk to Downtown Ashland

Highlights

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

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