Active

$855,000

128 S Mountain Ave, Ashland, OR 97520

4beds

1,440sqft

$5,304/mo

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Duplex, Multi Family

Built in 1940

-- sqft lot

$815,500 Zestimate^®

$594/sqft

$-- HOA

What's special

Vinyl windowsNew water heaterNewer roofStainless appliances

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.

237 days
102
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas, Wall Furnace, Other

Cooling

Wall/Window Unit(s)

Appliances

Included: Cooktop, Dishwasher, Disposal, Oven, Range, Refrigerator, Water Heater

Features

Ceiling Fan(s), Laminate Counters, Primary Downstairs, Shower/Tub Combo
Flooring: Carpet, Hardwood, Laminate, Vinyl
Windows: Double Pane Windows, Vinyl Frames
Basement: None
Has fireplace: Yes
Fireplace features: Gas, Living Room
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 1,440
Total interior livable area: 1,440 sqft

Property

Parking

Parking features: Detached, Driveway, Gravel, On Street, Workshop in Garage
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Deck
Fencing: Fenced
Has view: Yes
View description: Mountain(s), Neighborhood, Territorial

Lot

Size: 0.27 Acres
Features: Landscaped, Level

Details

Additional structures: Storage, Workshop
Parcel number: 10077141
Zoning description: R-3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Duplex, Multi Family

Materials

Frame
Foundation: Concrete Perimeter
Roof: Composition

Condition

New construction: No
Year built: 1940

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Ashland Homestead Association

HOA

Has HOA: No

Location

Region: Ashland

Financial & listing details

Price per square foot: $594/sqft
Tax assessed value: $381,500
Annual tax amount: $3,501
Date on market: 9/22/2026
Cumulative days on market: 238 days
Listing terms: Cash,Conventional
Inclusions: R/O, D/W, G/D, Water Heater, Frig
Exclusions: Tenants Personal Property
Road surface type: Paved

Estimated market value

$815,500

$775,000 - $856,000

$1,642/mo

Price history

Date	Event	Price
3/16/2026	Listed for sale	$855,000+1.2%$594/sqft
Source: Oregon Datashare #220217221 Report a problem
11/1/2025	Listing removed	$845,000$587/sqft
Source: Oregon Datashare #220180922 Report a problem
9/2/2025	Listing removed	$1,450$1/sqft
Source: Zillow Rentals Report a problem
8/12/2025	Listed for rent	$1,450+3.6%$1/sqft
Source: Zillow Rentals Report a problem
3/31/2025	Listed for sale	$845,000-1.2%$587/sqft
Source: Oregon Datashare #220180922 Report a problem
5/31/2024	Listing removed	--
Source: Zillow Rentals Report a problem
5/7/2024	Price change	$1,400-3.4%$1/sqft
Source: Zillow Rentals Report a problem
4/20/2024	Listed for sale	$855,000+1610%$594/sqft
Source: Oregon Datashare #220180922 Report a problem
3/23/2024	Listed for rent	$1,450$1/sqft
Source: Zillow Rentals Report a problem
5/31/2002	Sold	$50,000$35/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,501 +2.1%	$252,640 +3%
2024	$3,428 +3.4%	$245,290 +3%
2023	$3,316 +3.3%	$238,150
2022	$3,210 +3.5%	$238,150 +3%
2021	$3,101 +2.9%	$231,220 +6.1%
2020	$3,014 +1.6%	$217,960 +3%
2019	$2,966	$211,620 +3%
2018	$2,966 +5.9%	$205,460
2017	$2,802 +0.7%	$205,460 +6.1%
2016	$2,782 +2.7%	$193,670
2015	$2,709 +4%	$193,670 +6.1%
2014	$2,604 -4.7%	$182,560 +3%
2013	$2,733 +6%	$177,250 +3%
2012	$2,579 -0.9%	$172,090 +3%
2011	$2,602 +17.2%	$167,080 +3%
2010	$2,220 +2.9%	$162,220 +3%
2009	$2,158 +13.7%	$157,500 +3%
2008	$1,898 -5.4%	$152,920 +3%
2007	$2,006 +8.5%	$148,470 +3%
2006	$1,850 +2.7%	$144,150 +3%
2005	$1,801 +1.4%	$139,960 +3%
2004	$1,775 +1.8%	$135,890 +3%
2003	$1,743	$131,940 +3%
2002	--	$128,100 +3%
2001	--	$124,370 +3%
2000	--	$120,750