16-Unit Multifamily
For Sale
$1,999,999
Pending
387 Tavis Drive, Merlin, OR 97532
Independent lots combine seller-owned homes with tenant-owned residences that rent individual spaces.
Property SizeContact for details
Days on Market544
Property Features for 387 Tavis Drive
General Information
Standard status
Pending
Property subtype
Multi Family
Additional Details
Gross Income
$155,000
Taxes and HOA fees
Annual Taxes
$7,638
Building Details
Year Built
1983
Listing Agency:
John L. Scott Medford
(541) 660-5111
Listed By:
Martin Outdoor Property Group · License #200706071
(541) 660-5111
Source:
Exitrealty
Added: Mar 4, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:31AM
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 John L. Scott Medford
Investment Insights
Based on property information with market context.
This multifamily property includes 16 rental lots across just over 8 acres, with 10 homes owned by the seller and six additional homes owned by tenants who rent their spaces. Each lot operates independently, providing a varied ownership structure within one assembled property. The site was built in 1983, and the separate lots may support future disposition or portfolio customization as described for the property.
The property is located in Merlin, near the Rogue River and its rafting and fishing activity. Grants Pass city center is just under 9 miles away, providing access to dining, shopping, entertainment, and health care services. The surrounding area also offers access to natural recreation and seasonal travel activity.
The property is located in Merlin, near the Rogue River and its rafting and fishing activity. Grants Pass city center is just under 9 miles away, providing access to dining, shopping, entertainment, and health care services. The surrounding area also offers access to natural recreation and seasonal travel activity.
Key Highlights
- 16‑unit multifamily property spanning just over 8 acres
- 16 independent lots provide a separate lot configuration
- 10 homes are seller‑owned; 6 homes are tenant‑owned
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 97532, OR
2,480
Population
974
Households
2.5
Avg Household Size
53
Median Age
24%
College-Educated
87%
High-School Grad
84.4 sq mi
ZIP Area
29
Density / Sq Mi
$77,125
Median Household Income
$36,628
Median Earnings
$894
Median Rent
$417,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Independent lots combine seller-owned homes with tenant-owned residences that rent individual spaces.
Where is this multifamily property located?
The property is located at 387 Tavis Drive Merlin, OR.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 16‑unit multifamily property spanning just over 8 acres; 16 independent lots provide a separate lot configuration; 10 homes are seller‑owned; 6 homes are tenant‑owned
