128 S Mountain Avenue, Ashland, OR 97520

Ashland
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
128 S Mountain Avenue,Ashland, OR 97520
$855,000
  • - Beds
  • - Baths
  • 1,440 sq. ft.
  • Multi-family
  • Active
Listed by: glen o thone
Office: re/max integrity
MLS#:220217221
Source:OR_SOMLS

Price summary

  • Price:$855,000
  • Price per sq. ft.:$593.75

About this home

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.

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Home facts

  • Year built:1940
  • Subdivision & Development:Ashland Homestead Association
  • Listing ID #:220217221
  • Added:207 day(s) ago
  • Updated:October 10, 2026 at 02:54 PM

Rooms and interior

  • Flooring:Carpet, Hardwood, Laminate, Vinyl
  • Bathrooms Description:Shower/Tub Combo
  • Kitchen Description:Cooktop, Dishwasher, Oven, Range, Refrigerator
  • Bedroom Description:Primary Downstairs
  • Living area:1,440 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Natural Gas, Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1940
  • Building area:1,440 sq. ft.
  • Lot area:0.27 Acres
  • Lot Features:Fenced, Landscaped, Level
  • Architectural Style:Ranch
  • Construction Materials:Frame
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Schools

  • High school:Check with District
  • Middle school:Check with District
  • Elementary school:Check with District

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$855,000
  • Price per sq. ft.:$593.75
  • Tax amount:$3,501 (2025)

Features and amenities

  • Appliances:Cooktop, Dishwasher, Oven, Range, Refrigerator, Water Heater

Parking

  • Parking description:Detached, Driveway, Gravel, On Street

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