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3251 Rogue River Highway, Grants Pass, OR 97527

$1,825,000

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Property Description

Amazing investment opportunity featuring 12 units, including 7 individual cottages, 2 duplexes, and one 3-bedroom home, all set on 8 park-like acres. Currently generating over $13,000 in monthly rents with a strong 7% cap rate, this property offers immediate cash flow with additional upside potential through future rent increases and self-management. Tenants are consistently drawn to the unique layout of spread-out cottages nestled among mature trees, creating a private, community-style setting with beautifully maintained grounds. Many long-term tenants provide stability and consistent income. The property has seen numerous updates, including clean, well-maintained interiors full of charm, newer roofs, rain gutters, irrigation, a strong well, fenced yards, common areas, community laundry with coin-op machines, and ductless mini-split HVAC systems for efficient heating and cooling. This rare find combines rural tranquility with a robust, diversified revenue stream for the savvy investor

3251 Rogue River Highway | MLS# 220217511

This multi-family property located at 3251 Rogue River Highway, Grants Pass, OR 97527 is currently listed for sale with an asking price of $1,825,000. Search Grants Pass real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Heat Pump
Heating: Electric, Heat Pump
Home Style: Bungalow
Lot Size: 8.03 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $2,535
Year Built: 1969
Square Feet: 6,508

Feature Descriptions

Exterior: Frame
Sewer: Septic Tank
Units: 12

Local Schools

High School: Hidden Valley
Middle School: Lincoln Savage
Elementary School: Fruitdale

Listed By / Shown By

Listed By

Agency Name: eXp Realty, LLC

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 9,971.73 per month $9,228.19 Principal & Interest $211.25 Property Tax $532.29 Homeowner's Insurance

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