545 A Street in Ashland, Oregon
Mixed-use commercial and residential building in the heart of Ashland's historic Railroad District.
Marketing description
Versatile mixed-use commercial and residential building with strong rental history in Ashland's historic Railroad District – near parks, shopping, restaurants, and downtown. Full due diligence package available – including updated investment analysis, pro forma, improvements, maintenance records, and floor plans. Main level with two long-standing commercial tenants occupying three units, multiple entrances from A Street, alley access to central bike path, five private parking spaces, and one shared ADA space. Two upper-level residential units – each with spacious living room, kitchen with dining counter and gas range oven, one to two bedrooms, full bathrooms, abundant natural light, and mountain views. Well-maintained property with low-e windows, recent exterior paint, new furnaces and AC units, and a new roof in 2015. Common area courtyard with ornamental trees and plantings. Inquire for details!
Investment highlights
Basic Details
- 5 Units – 3 Commercial, 2 Residential
- 4,950 SqFt
- 0.13 Acre Lot
- Built in 1997
- E-1 Zoning
- Listed for $1,250,000
Documentation
Updated investment analysis workbook (i.e., P&Ls, pro forma, cap rate sensitivity, rent roll, comparable sales, and improvement records), Seller’s Property Disclosure Statement, floor plans, permits, maps, and title information available via Google Drive at https://bit.ly/545-a-st
Location
- Vibrant commercial area of Ashland’s historic Railroad District; within a flat half-mile radius of multiple restaurants, shopping, and downtown entertainment
- One block from Noble Coffee Roasters, Railroad Park, and Ashland’s central bike path
Main Level - Commercial Units
Unit 1
- Currently rented for $1,589.70 per month
- Tenant in place since 2020
- Two offices, conference room, lobby, kitchenette with utility sink, and ADA-compliant half bathroom
- Net ~937 SqFt
Units 2 & 3
- Currently rented for $2,331.79 per month
- Tenant in place since 2015
- Two exterior entrances, conference room, and ADA-compliant half bathroom with updated vanity
- Thoroughly renovated in 2020 with new lighting, carpets, conference room doors, and built-in workstations
- Net ~1,168 SqFt
Upper Level - Residential Units
Unit 4
- Currently rented for $1,600 per month
- Tenant in place since September 2025
- Living area with bay window
- Kitchen with dining counter, skylight, gas range, refrigerator, dishwasher, and double sink
- Bedroom with closet
- Full bathroom with skylight and tub shower
- New HVAC control board, rooftop gas furnace and AC unit installed by Metal Masters in 2020
- Net ~868 SqFt
Unit 5
- Currently rented for $1,975 per month
- Tenant in place since October 2023
- Spacious living room with view of Grizzly Peak
- Kitchen with dining counter, skylight, gas range, refrigerator, dishwasher, and double sink
- Primary bedroom and full ensuite bathroom with skylight and tub shower
- Office or guest bedroom with closet
- Full guest bathroom with tub shower
- New rooftop gas furnace and AC unit installed by Metal Masters in 2017
- Net ~1,338 SqFt
Exterior Highlights
- New 20-year Duro-Last membrane roof installed by Bleser Built Roofing in 2015
- New paint and caulking for exterior trim and siding by Manzanita Artisan Painting in 2022
- Alley access for five private parking spaces and one shared ADA-compliant parking space
- Courtyard with mature ornamental trees and plantings with drip sprinkler system
Systems & Utilities
- Separate gas and electric meters for each unit paid by tenants; owner pays for landscaping maintenance, water, sewer, garbage and recycling
- Water heaters replaced in 2015
- Rentals have been professionally managed by Ashland Property Management since 2023
- Owners have put over $49,000 towards improvements and maintenance within the last 10 years
Listing Contacts
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Zoning
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Property History
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