Nine-Unit Multifamily Investment
4600 Rogue River Highway Grants Pass, OR 97527
4600 Rogue River Highway, Grants Pass, OR, 97527
$1,190,000
For Sale
$1,190,000
MULTI_FAMILY - Bungalow - Grants Pass, OR
Property Size5,699 SF
Lot Size1.19 Acres
Price / SF$208.81
Days on Market108
Property Features for 4600 Rogue River Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Parking Lot, Driveway
- Window features
- Double Pane Windows, Vinyl Frames
- Patio and Porch features
- Deck
- Interior features
- Ceiling Fan(s), Linen Closet, Primary Downstairs
- Standard status
- Active
- APN
- R315700
- Size
- 5,699 SF
- Lot size
- 1.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3483
Utilities
- Sewer type
- Septic Tank
- Heating system
- Natural Gas, Wall Furnace
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1936
- Floors in Building
- 1
- Number of units
- 9
- Flooring type
- Carpet, Tile, Vinyl
- Building materials
- Frame
- Roof type
- Composition, Asphalt
- Architectural style
- Bungalow
Listing agency
Millen Property Group
(541) 301-3435
Listed by
Kenny Taylor · License #201214945
(541) 606-8616
Added: Apr 6 Updated: Jun 26 at 12:30PM Checked: Jul 22 at 8:06PM
MLS# 220218684
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features a rare opportunity with nine units, offering income stability. It includes a 3-bedroom main home, suitable for owner occupancy or on-site management. The additional units consist of six 1-bedroom cottages, one 2-bedroom unit, and a studio. In addition to the nine permanent units, the property includes two spots for RV parking, a laundry room, and two storage spaces, all of which generate revenue. The property currently generates an annual income over $134,000, with a net profit exceeding $80,000 annually, based on existing rents. The total monthly rental income is currently $11,175. Several units feature decks overlooking the Rogue River, paired with mountain views. A shared common area provides additional value for tenant enjoyment and community feel. The property is located between Grants Pass and Medford, providing convenient access to regional amenities. The property size is 5699 square feet and the lot size is 1.19 acres.
Key Highlights
- 9‑unit income property with a 3‑bedroom main home plus six 1‑bedroom cottages, one 2‑bedroom unit, and one studio
- Current rents total $11,175 per month, generating annual income over $134,000 and annual net profit over $80,000
- Decks on select units overlook the Rogue River with mountain views, plus a shared common area for tenant use
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.1k | $14.40 |
| − Vacancy | −$3.9k | −$0.69 |
| EGI | $78.1k | $13.71 |
| − OpEx | −$35.2k | −$6.17 |
| NOI | $43.0k | $7.54 |
5,699 SF · lease $14.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$613.9K
$537.1K – $716.2K
NOI $42,970 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,453 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Rare investment property with nine units and RV parking.
Where is this apartment building located?
The property is located at 4600 Rogue River Highway Grants Pass, OR.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 9‑unit income property with a 3‑bedroom main home plus six 1‑bedroom cottages, one 2‑bedroom unit, and one studio; Current rents total $11,175 per month, generating annual income over $134,000 and annual net profit over $80,000; Decks on select units overlook the Rogue River with mountain views, plus a shared common area for tenant use
