701 Caves Highway Cave Junction, OR 97523
MULTI_FAMILY - Bungalow - Cave Junction, OR
- Added:
- Sep 6, 2025
- Days on Market:
- 309
- Last Refresh:
- Jul 11 at 2:06 am
Property Features for 701 Caves Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Appliances
- Oven, Refrigerator
- Standard status
- Active
- APN
- R330405
- Size
- 2,336 SF
- Lot size
- 2.48 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1887
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating)
- Water source
- Well
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Bungalow
- Additional Structures
- Storage
Listing agent China Rose License #201218988 (888) 814-9613
Listing office eXp Realty, LLC 710 Cardley Ave, Salem, OR (888) 814-9613
Listing date Sep 6, 2025
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.
The property sits on 2.48 acres and is supported by a shared well along with two septic systems. It is located off Hwy 199 in Cave Junction, next to the fire station. The site is identified as RR5 zoning in Cave Junction.
For tenants and buyers seeking small-scale, multi-unit housing with defined rental units and shared utilities, this setup offers straightforward operations across cottage-style residences plus a modular home. With one unit already remodeled and available, it also provides a clear option for an owner-occupant who wants to live on-site while collecting rent from the remaining units, or for an investor looking to lease all four units under month-to-month terms.
Key Highlights
- 4‑unit income property on 2.48 acres in Cave Junction, off Hwy 199 next to the fire station
- Unit mix and rents: two 1 bed/1 bath cottages at $825 each; one 2 bed/1 bath at $800 (refreshed); one 2 bed/1 bath modular home at $1,000
- 2.48‑acre site served by a shared well and two septic systems
Local Financial Insights For Multifamily LT 5
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 | $28.6k | $12.24 |
| − Vacancy | −$1.5k | −$0.64 |
| EGI | $27.1k | $11.60 |
| − OpEx | −$8.1k | −$3.48 |
| NOI | $19.0k | $8.12 |
