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Hillview Condominiums 230 Grant St 10 Unit Apartment Building $3,100,500 CAD ($310,050 CAD/Unit) 4.38% Cap Rate Ashland, OR 97520
Investment Highlights
- Seller Financing Available; Minimum Short-Term AFR
- Rents Increased August 2026
- Ten, Six, or Four-Unit Investment Opportunity
- Stable Long-Term Tennancy
Executive Summary
Ten, six, or four-unit investment opportunity in Ashland's Hillview Condominiums near Scenic Park and Asante Ashland.
Seller-carried financing available at ~3.99% AFR with 50% down, interest-only payments, with balloon due in three years. Each unit ranges from 1,034 to 1,174 SqFt with two bedrooms, one full bath, open living and dining space, high ceilings, in-unit laundry, kitchen with granite counters and all appliances included, dedicated parking, storage, and access to landscaped common areas. Ground-level units with fully fenced private backyards and poured concrete patios. Current gross monthly income is $15,730 across all ten units following rent increases effective August 1st, 2026. Stable tenancy averaging four-plus years, room for further rent growth, and association-maintained exterior building components including roofs, siding, paint, and landscaping. Complete investment analysis, rent roll, association documents, and due diligence materials available upon request.
Seller-carried financing available at ~3.99% AFR with 50% down, interest-only payments, with balloon due in three years. Each unit ranges from 1,034 to 1,174 SqFt with two bedrooms, one full bath, open living and dining space, high ceilings, in-unit laundry, kitchen with granite counters and all appliances included, dedicated parking, storage, and access to landscaped common areas. Ground-level units with fully fenced private backyards and poured concrete patios. Current gross monthly income is $15,730 across all ten units following rent increases effective August 1st, 2026. Stable tenancy averaging four-plus years, room for further rent growth, and association-maintained exterior building components including roofs, siding, paint, and landscaping. Complete investment analysis, rent roll, association documents, and due diligence materials available upon request.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$278,319
|
$24.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,916
|
$1.24
|
| Effective Gross Income |
$264,402
|
$23.59
|
| Taxes |
$46,035
|
$4.11
|
| Operating Expenses |
$82,448
|
$7.36
|
| Total Expenses |
$128,483
|
$11.46
|
| Net Operating Income |
$135,919
|
$12.13
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $278,319 |
| Annual Per SF | $24.83 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $13,916 |
| Annual Per SF | $1.24 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $264,402 |
| Annual Per SF | $23.59 |
| Taxes (CAD) | |
|---|---|
| Annual | $46,035 |
| Annual Per SF | $4.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $82,448 |
| Annual Per SF | $7.36 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $128,483 |
| Annual Per SF | $11.46 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $135,919 |
| Annual Per SF | $12.13 |
Property Facts
| Price | $3,100,500 CAD | Building Class | B |
| Price Per Unit | $310,050 CAD | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 11,208 SF |
| Cap Rate | 4.38% | Average Occupancy | 90% |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 10 | Year Built/Renovated | 2003/2026 |
| Property Type | Multifamily | Parking Ratio | 0.89/1,000 SF |
| Property Subtype | Apartment | Cross Streets | N Main St |
| Apartment Style | Townhome | ||
| Zoning | R-2 - R-2 zoning district is designated for residential areas suitable for urban living, specifically designed for intermediate residential densities. | ||
| Price | $3,100,500 CAD |
| Price Per Unit | $310,050 CAD |
| Sale Type | Investment |
| Cap Rate | 4.38% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 11,208 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 2003/2026 |
| Parking Ratio | 0.89/1,000 SF |
| Cross Streets | N Main St |
| Zoning | R-2 - R-2 zoning district is designated for residential areas suitable for urban living, specifically designed for intermediate residential densities. |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Yard
- Breakfast Nook
- Double Pane Windows
- Garden
- Lawn
- Office
- Patio
- Porch
- Smoke Free
- Large Bedrooms
Site Amenities
- Courtyard
- Picnic Area
- Recycling
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $2,157 CAD | 1,034 - 1,174 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $4,174,064 CAD | |
| Land Assessment | $0 CAD | Annual Taxes | $46,035 CAD ($4.11 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,174,064 CAD
Annual Taxes
$46,035 CAD ($4.11 CAD/SF)
Tax Year
2026
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Hillview Condominiums | 230 Grant St
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