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3251 Rogue River Hwy, Grants Pass, OR, 97527

--beds
0baths
6,508sqft
$1,825,000
$280price/sqft
$11,522/moest. monthly cost
$460,880/yrincome needed

About This Home

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

Getting Around

2
WalkingCar-Dependent
14
TransitMinimal Transit
7
BikeSomewhat Bikeable

Schools

6/10
4/10
6/10
Hidden Valley High SchoolGrades 9-127.4 mi

Construction

Condition

  • Year built: 1969

Materials

  • Foundation: Block,Pillar/Post/Pier
  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Architectural style: Bungalow
  • Property subType: Multi Family

Interior

Features

  • Flooring: Carpet,Laminate
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 6,508
  • Total interior livable area: 6,508 sqft

Property

Details

  • Parcel number: R315483
  • Zoning description: Rr5; Rural Res 5 Ac
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 8.03 Acres

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes