$855,000

128 S Mountain Ave Ashland, OR 97520

Central Ashland Neighborhood

Estimated payment $4,861/month

Total Views 1,604
4 Beds
2 Baths
1,440 Sq Ft
$594 Price per Sq Ft

Highlights

  • Mountain View
  • Deck
  • Wood Flooring
  • Walker Elementary School Rated 10
  • Ranch Style House
  • No HOA

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.

Listing Agent

Glen Thone

RE/MAX Integrity License #900200151 Listed on: 03/16/2026

RE/MAX Integrity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,501

Year Built

  • Built in 1940

Lot Details

  • 11,761 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Landscaped
  • Level Lot

Property Views

  • Mountain
  • Territorial
  • Neighborhood

Home Design

  • Duplex
  • Ranch Style House
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Living Room with Fireplace

Kitchen

  • Oven
  • Cooktop
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Detached Garage
  • Workshop in Garage
  • Gravel Driveway
  • On-Street Parking

Outdoor Features

  • Deck
  • Separate Outdoor Workshop
  • Outdoor Storage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Ashland Homestead Association Subdivision

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Tax Lot 10300
  • Assessor Parcel Number 10077141

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,501

Year Built

Built in 1940

Lot Details

0.27 Acres

Listing Details

  • Architectural Style: Ranch
  • Directions: Take E. Main Street or Siskiyou Blvd. to S. MountainAvenue. Property is located across the street from Ashland High School.
  • Unit Levels: One
  • Lot Size Acres: 0.27
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Road Frontage Type: Shared Access
  • Road Surface Type: Paved
  • Subdivision Name: Ashland Homestead Association
  • Year Built: 1940
  • Co List Office Phone: 541-770-3325
  • Outside Inclusions: R/O, D/W, G/D, Water Heater, Frig
  • MLS Status: Active
  • General Property Information Audio Surveillance on Premises YN: No
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Oven, Range, Refrigerator, Water Heater
  • Has Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas, Living Room
  • Flooring: Carpet, Hardwood, Laminate, Vinyl
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Shower/Tub Combo
  • Window Features: Double Pane Windows, Vinyl Frames
  • Fireplace: Yes

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced, Level, Landscaped
  • Other Structures: Storage, Workshop
  • Roof: Composition
  • View: Mountain(s), Territorial, Neighborhood
  • Exclusions: Tenants Personal Property
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Detached, Driveway, Gravel, On Street, Workshop in Garage
  • Attached Garage: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Wall Furnace, Other
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Check with District
  • High School: Check with District
  • Middle Or Junior School: Check with District

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 11761.2
  • Parcel #: 10077141
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-3

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3501.21
  • Tax Lot: 10300
  • Tax Year: 2025

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $3,501 $260,210 -- --
2025 $3,428 $252,640 $135,330 $117,310
2024 $3,428 $245,290 $131,400 $113,890
2023 $3,316 $238,150 $127,580 $110,570
2022 $3,210 $238,150 $127,580 $110,570
2021 $3,101 $231,220 $123,870 $107,350
2020 $3,014 $224,490 $120,270 $104,220
2019 $2,966 $211,620 $113,390 $98,230
2018 $2,802 $205,460 $110,090 $95,370
2017 $2,782 $205,460 $110,090 $95,370
2016 $2,709 $193,670 $103,780 $89,890
2015 $2,604 $193,670 $103,780 $89,890
2014 $2,520 $182,560 $97,830 $84,730
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2026 03/16/26 For Sale $855,000 -- $594 / Sq Ft
Source: Oregon Datashare

Purchase History

Date Type Sale Price Title Company
Warranty Deed $129,402 Ticor Title
Interfamily Deed Transfer -- None Available
Bargain Sale Deed -- --
Warranty Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 New Conventional
Source: Public Records

About the Listing Agent

Glen Thone
Glen Thone

RE/MAX Integrity

(458) 289-9586

Section Image

Glen has lived in the Rogue Valley for 46+ years and his contacts are countless. If you are looking to buy or sell a property, give him the opportunity to sit down with you and discuss how his service and expertise can assist you in getting you to the place you want to be. Besides being a licensed Realtor in the Rogue Valley for 20+ years, Glen also has 32+ years of experience as a licensed real estate appraiser here in Oregon in all types of residential properties (urban, suburban & rural) and

View Glen's Profile

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Source: Oregon Datashare

MLS Number: 220217221

Oregon Datashare

APN: 10077141

Oregon Jackson County Ashland 97520 Central Ashland

128 S Mountain Ave, Ashland, OR

For Sale

MultiFamily

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Glen Thone
Glen Thone
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RE/MAX Integrity
(458) 289-9586
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