About This Home

This 0-bedroom, 0-bathroom multi-family at 128 S Mountain Avenue in Ashland, OR is listed for $855,000 ($594 per sqft). Built in 1940, the home offers 1,440 sqft of living space on a 0.27 acres lot.

Key Features

  • Built in 1940
  • 0.27 acre lot
  • Fireplace

Property Details

1 story
1940

Amenities

FireplaceViewHardwoodA/C
Listing Description

Prime Investment & Development Opportunity in Ashland. Well-maintained duplex located close to downtown offering immediate cash flow and long-term upside potential. Both units are rented at $1,450 per month ($2,900 total), with tenants paying all utilities, keeping operating expenses low.

Property has an excellent rental history and is professionally managed. Capital improvements include newer roof, vinyl windows, stainless appliances, gas log fireplace (rear unit), new water heater and additional updates. Situated on a large approx. 0.27-acre R-3 high-density zoned lot, creating exceptional future redevelopment potential.

The City of Ashland Planning Department indicates a 5.4 base density factor with potential for up to 20 units. (buyer due diligence required). For development details contact Aaron Anderson or Nick Schubert at City of Ashland Planning Department.

Monthly Cost Estimate

$4,573/mo

20% down · 6.5% · 30 years

Principal$618
Interest$3,705
Insurance$249

Estimates only. Actual payments may vary.

Location

128 S Mountain Avenue

Ashland, OR 97520

Ashland Homestead Association

Features & Amenities

Interior Features

Ceiling Fan(s)Laminate CountersPrimary DownstairsShower/Tub Combo

Property Details

Flooring

LaminateVinylCarpetHardwood

Construction

Frame

Views

Territorial

Outdoor Features

Deck

Parking

On StreetGarageDriveway

Heating

Natural GasWall Furnace

Cooling

Wall/Window Unit(s)Window Unit(s)

Appliances

CooktopDishwasherDisposalOvenRangeRefrigeratorWater Heater

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 128 S Mountain Avenue is listed at $855,000 ($594/sqft). The estimated monthly payment is $4,572 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.27 acre lot, Fireplace. Interior Features: Ceiling Fan(s), Laminate Counters, Primary Downstairs.

This property is listed by Glen O Thone.

GT

Glen O Thone

Agent at RE/MAX Ideal Brokers Medford, Inc.

Listed by RE/MAX Ideal Brokers Medford, Inc. · Broker phone: (541) 770-3325 · View on Broker Site · Broker website

MLS# 220217221· Source: Oregon Data Share· 225 days on PropertySimple

Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

128 S Mountain Avenue, Ashland, OR 97520

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