Unique Income Property on
For Sale
Contact for pricing
3251 Rogue River Hwy, Grants Pass, OR 97527
Twelve units on 8 acres with immediate cash flow.
Property SizeContact for details
Lot Size8.00 Acres
Days on Market1374
Property Features for 3251 Rogue River Hwy
General Information
Standard status
Active
Lot size
8.00 Acres
Property subtype
Multifamily
Zoning
RR5
Building Details
Year Built
1969
Units
12
Listing Agency:
Oregon - eXp Realty
(541) 292-4444
Listed By:
Rockwell Group · License #201207277
Source:
Crexi
Added: Nov 9, 2022
Changed: Aug 8
Last Checked: Jul 19 at 2:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oregon - eXp Realty
Investment Insights
Based on property information with market context.
This investment opportunity features 12 units, including 7 individual cottages, 2 duplexes, and one 3-bedroom home, all situated on 8 acres. The property generates over $13,000 in monthly rents, offering immediate cash flow. There is potential for future rent increases and self-management. The layout features spread-out cottages among mature trees, creating a private, community-style setting with maintained grounds. Many long-term tenants provide stability and consistent income. Updates include clean, well-maintained interiors, newer roofs, rain gutters, irrigation, a strong well, fenced yards, common areas, community laundry with coin-op machines, and ductless mini-split HVAC systems. All units are either rented or in the process of being rehabbed and rented.
Key Highlights
- Strong income‑generating property with over $13,000 monthly rents and a 7% cap rate.
- Unique property layout featuring 12 units: 7 cottages, 2 duplexes, and a 3‑bedroom home on 8 acres.
- Updated property with newer roofs, rain gutters, irrigation, strong well, and ductless mini‑split HVAC systems.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Explore this area
Business Placement
Demographics for 97527, OR
36,358
Population
15,481
Households
2.3
Avg Household Size
49
Median Age
19%
College-Educated
90%
High-School Grad
219.8 sq mi
ZIP Area
165
Density / Sq Mi
$66,396
Median Household Income
$35,825
Median Earnings
$1,350
Median Rent
$408,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve units on 8 acres with immediate cash flow.
Where is this apartment building located?
The property is located at 3251 Rogue River Hwy Grants Pass, OR.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Strong income‑generating property with over $13,000 monthly rents and a 7% cap rate.; Unique property layout featuring 12 units: 7 cottages, 2 duplexes, and a 3‑bedroom home on 8 acres.; Updated property with newer roofs, rain gutters, irrigation, strong well, and ductless mini‑split HVAC systems.
