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
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
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
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
- Wildfire
- Inland Flooding
- 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 | $9,228 | $110,736 |
| Home Insurance * | $542 | $6,504 |
| Property Taxes | $1,162 | $13,944 |
| Electricity | $590 | $7,087 |
| Total | $11,522 | $138,264 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-20 | Listed for sale | $1,825,000 |
| 2024-08-31 | Listing removed | $1,699,000 |
| 2024-08-05 | Price change | $1,699,000 |
| 2024-06-10 | Price change | $1,799,000 |
| 2024-03-25 | Listed for sale | $1,899,000 |
| 2022-11-22 | Listing removed | $1,924,000 |
| 2022-11-09 | Listed for sale | $1,924,000 |
| 2019-09-09 | Sold | $1,119,000 |
| 2016-10-14 | Sold | $935,000 |
For Sale by Agent
View on Zillow