Russell Street Commons offers the opportunity to acquire a planned multifamily development site in Ashland, Oregon, consisting of two adjacent parcels totaling approximately 0.86 acres at 449–459 Russell Street. Located within Ashland's Railroad Climate-Friendly Area (CFA), the property benefits from a pedestrian-focused mixed-use zoning designation that eliminates minimum parking requirements and supports high-density residential development.

Current conceptual plans envision a 72-unit, four-story market-rate apartment community totaling approximately 47,700 square feet, with utilities readily available and significant pre-development work already completed, including preliminary design, a City pre-application conference, and entitlement planning. Ideally situated near downtown Ashland, Interstate 5, Southern Oregon University, and major employment centers, the site is positioned to capitalize on one of Southern Oregon's most supply-constrained housing markets, where strong population growth and limited developable land continue to support long-term apartment demand.