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    Merlin, OR
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    Grants Pass, OR Wolf Creek, OR Wilderville, OR Rogue River, OR Gold Hill, OR Glendale, OR Selma, OR Azalea, OR
    16-Unit Apartment Rental Portfolio
    Updated: Jul 31, 2023
    16-Unit Apartment Rental Portfolio

    387 Tavis Drive, Merlin, OR 97532

    $1,850,000
    10,236 sqft 8.06 AC lot
    16 lots with 16 rental homes: 10 seller‑owned and 6 tenant‑owned
    8.06 acres at 387 Tavis Drive, Merlin, OR 97532
    Built in 1983 with metal and composition roofing
    Water from a well; wastewater via septic tank
    Property size listed as 10,236 SF
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    This listing looks promising.

    Here's a quick look at some key insights for

    387 Tavis Drive, Merlin, OR 97532

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    • Est. Cap Rate

      4.2%
      NOI ÷ price

    • Est. NOI

      $77K
      Annual

    • Price @ 7% Cap

      $1.1M
      Suggested

    • Property Type

      Mobile Home
      Built 1986
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Merlin, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Fiveplex Apartment Building
    Fiveplex Apartment Building

    401 NW B Street, Grants Pass, OR 97526

    $800,000
    4,126 sqft 0.23 AC lot

    Fiveplex apartment building on a 0.23-acre lot with on-street parking, public water, and public sewer.

    View details
    Craftsman Apartment Building Development
    Craftsman Apartment Building Development

    1 Table Rock Road, Medford, OR 97501

    $12,470,000
    55,900 sqft 2.59 AC lot

    Under-construction Craftsman townhome development with 43 units, each planned with three bedrooms and a one-car garage.

    View details
    10-Unit Multifamily Investment
    10-Unit Multifamily Investment

    604 NW 4th Street, Grants Pass, OR 97526

    $1,200,000

    Two multifamily buildings on separate tax lots include a 7-plex and a tri-plex.

    View details
    Planned Townhome Development
    Planned Townhome Development

    1 Table Rock Road, Unit 1-43, Medford, OR 97501

    $12,470,000

    Proposed 43-unit townhome development, each designed with three bedrooms, 2.5 baths, and a one-car garage.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    Commercial Land with Freeway Exposure
    Commercial Land with Freeway Exposure

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    Over 2 acres with 400+ feet of CA-5 exposure across three APNs in Castaic.

    View details
    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

    View details

    Merlin, OR Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Merlin, OR on our real estate platform. These investment opportunities span a total of 10,236 square feet of properties for sale, with an estimated market value of $1,850,000.

    Sale prices for two-family homes in Merlin, OR average $1,850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 2,146
    Population Growth (5Y) -15.0%
    Median Household Income $77,125
    College Educated 34.2%

    High-Yield Neighborhoods for Investment

    Identify Merlin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    97532 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 0.66%
    Property Tax per SF $13.35 per SF
    Tax Rate vs County Average 0.59 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Josephine County

    New Delisted

    Total CRE Inventory on Market (SF)

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