




3251 Rogue River Hwy, Grants Pass, OR, 97527
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
Schools
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
