451 Main StAshland, OR 97520

Property Details for 451 Main St

Lot size

0.30 AC

Property size (Sq ft)

2,602 SF

Zone code

R-2

Property type

Bed & breakfasts

APN

1-0056446

APU

10056446

Description

This exceptional Ashland, Oregon property at 451 N Main Street presents a unique investment opportunity. Spanning 0.3 acres, this landmark building boasts 3,302 square feet of meticulously maintained space. The main house, a testament to classic elegance, features original woodwork, high ceilings, and abundant natural light. Its spacious living areas flow seamlessly into four charming upstairs bedrooms, each with its own ensuite bathroom. Modern upgrades blend seamlessly with the preserved period charm. A fifth suite on the main level, with a private entrance, is ideal for generating rental income or use as a private office. Adding to the property's versatility is an attached one-bedroom, one-bathroom apartment, designed for independent functionality but easily integrated into the main house. Further enhancing the income potential is a detached 700-square-foot cottage with two bedrooms and 1.5 bathrooms, located at the rear of the property and possessing its own address. This separate dwelling offers significant rental possibilities. The property's prime location, just blocks from downtown Ashland, combined with its three distinct residences, makes it an exceptional opportunity for large families or savvy investors seeking substantial short-term rental income. Priced at $1,195,000, this landmark property offers a rare blend of historical charm, modern amenities, and significant income-generating potential. The landscaped pollinator garden adds a touch of natural beauty to this already impressive offering.

• CAP approach

  CAP return

  Valuation

  6%

  $582,510

  6.5%

  $537,702

  7%

  $499,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,566,770

  Geo Method

  $1,566,770

• Alternative Use

  Use

  Valuation

  Residential

  $587,014

  Hospitality

  $537,702

  Educational

  $447,362

  Medical

  $462,747

  Retail

  $695,896

Location Insight

City

Ashland

County

Jackson

State

Oregon

Latitude

42.2045

Longitude

-122.721

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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