701 Caves Hwy, Cave Junction, OR, 97523
About This Home
Investor Alert! This 4-unit income property on 2.48 acres with RR5 zoning in Cave Junction is a rare find. The property includes 4 income-producing units. Features include two 1 bed/1 bath cottages renting at $825 each, a refreshed 2 bed/1 bath cottage rented at $800 with new appliances and flooring, and a 2 bed/1 bath 1,056 sq. ft. modular home renting for $1,000. Supported by a shared well and two septic systems, all tenants are on month-to-month agreements. Conveniently located off Hwy 199 next to the fire station, this strong income producer delivers immediate cash flow with excellent potential for future value-add. Don't miss this solid investment! Owner Will Carry!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1977
Materials
- Foundation: Block,Pillar/Post/Pier
- Roof: Composition
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subType: Quadruplex,Multi Family,Manufactured Home
Interior
Appliances
- Appliances included: Oven,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 1
Features
- Flooring: Vinyl
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Electric
- Cooling features: None
Interior Area
- Total structure area: 2,336
- Total interior livable area: 2,336 sqft
Property
Details
- Parcel number: R330405
- Zoning description: Rr5; Rural Res 5 Ac
- Special condition: Standard
- Exclusions: Tenants Property
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 2.48 Acres
- Features: Level
Parking
- Parking features: Driveway,Shared Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Wildfire
- Earthquake
- Heat Wave
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Josephine County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,496 | $17,952 |
| Home Insurance * | $121 | $1,452 |
| Property Taxes | $284 | $3,408 |
| Electricity | $211 | $2,543 |
| Total | $2,112 | $25,344 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-27 | Price change | $295,900 |
| 2026-02-28 | Pending sale | $299,000 |
| 2026-01-28 | Listed for sale | $299,000 |
| 2025-12-26 | Pending sale | $299,000 |
| 2025-11-05 | Listed for sale | $299,000 |
| 2025-10-13 | Pending sale | $299,000 |
| 2025-09-06 | Listed for sale | $299,000 |
| 2024-09-30 | Sold | $259,000 |
| 2024-09-18 | Pending sale | $259,000 |
| 2024-09-13 | Listed for sale | $259,000 |
For Sale by Agent
View on Zillow