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Hillview Condominiums 230 Grant St 10 Unit Apartment Building $3,140,482 CAD ($314,048 CAD/Unit) 4.02% Cap Rate Ashland, OR 97520



Investment Highlights
- Seller Financing Available
- Three-Year Term
- Flat 3.75% Interest Rate
Executive Summary
Rare ten-unit investment available within the Hillview Condominium development near parks, downtown entertainment, and Asante Ashland Community Hospital. Seller financing available with variable interest rates starting at 2.5% for up to six years. Units range from 1,034 to 1,174 SqFt – each with two bedrooms and one full bathroom, open living and dining area, high ceilings, kitchen with granite tile counters, and all appliances included. Ground-level units with fully fenced private backyard and poured concrete patio. Average tenant occupancy of four years with current rent amount of $1,460. Association dues cover all exterior building maintenance – including roof, siding, and paint – along with 1.55 acres of common area landscaping with mature trees, plantings, and grass lawn. Inquire with agents to access additional due diligence and association documents, rent roll, P&Ls, amortization schedules, and proformas with capitalization rates up to 6.31% within five-year period.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$263,466
|
$23.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,173
|
$1.18
|
| Effective Gross Income |
$250,292
|
$22.33
|
| Taxes |
$45,270
|
$4.04
|
| Operating Expenses |
$78,638
|
$7.02
|
| Total Expenses |
$123,908
|
$11.06
|
| Net Operating Income |
$126,384
|
$11.28
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $263,466 |
| Annual Per SF | $23.51 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $13,173 |
| Annual Per SF | $1.18 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $250,292 |
| Annual Per SF | $22.33 |
| Taxes (CAD) | |
|---|---|
| Annual | $45,270 |
| Annual Per SF | $4.04 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $78,638 |
| Annual Per SF | $7.02 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $123,908 |
| Annual Per SF | $11.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $126,384 |
| Annual Per SF | $11.28 |
Property Facts
| Price | $3,140,482 CAD | Building Class | B |
| Price Per Unit | $314,048 CAD | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 11,208 SF |
| Cap Rate | 4.02% | 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 | $3,140,482 CAD |
| Price Per Unit | $314,048 CAD |
| Sale Type | Investment |
| Cap Rate | 4.02% |
| 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 | $2,031 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 | $4,191,693 CAD | |
| Land Assessment | $0 CAD | Annual Taxes | $45,270 CAD ($4.04 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,191,693 CAD
Annual Taxes
$45,270 CAD ($4.04 CAD/SF)
Tax Year
2026
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Hillview Condominiums | 230 Grant St
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