Merlin Multi-Unit Investment
For Sale
Contact for pricing
Pending
212 Tavis Dr, Merlin, OR 97532
16-unit rental property portfolio in Josephine County with income potential.
Property SizeContact for details
Lot Size8.00 Acres
Days on Market933
Property Features for 212 Tavis Dr
General Information
Standard status
Pending
Lot size
8.00 Acres
Property subtype
Mobile Home Park, Multifamily
Zoning
Community Residential
Building Details
Buildings
16
Units
16
Listing Agency:
Martin Outdoor Property Group
Listed By:
Alex Larson · License #OR 201207531
Source:
Crexi
Added: Feb 8, 2024
Changed: Aug 21
Last Checked: Aug 26 at 12:18AM
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 Martin Outdoor Property Group
Investment Insights
Based on property information with market context.
Located in Merlin, Josephine County, this multi-unit rental investment property portfolio features 16 individual lots spread over 8 acres. The property is equipped with well water, septic, and public power to each lot. The seller owns 10 homes, and tenants own the remaining 6, renting the space. The property offers the potential for an investor to sell off separate lots. Thirteen of the sixteen lots are actively rented, with one home nearing completion to bring it to the rental market. The 13 properties currently bring in a gross yearly income of approximately $155,000. With two of the three vacant homes completed and rented out, an additional $39,600 per year will be added, pushing the property’s gross to nearly $195,000 per year. The 16th lot has a well and septic for bringing in a new dwelling unit. The property provides access to the area’s natural beauty and recreational opportunities. The Rogue River is nearby. Grants Pass is just under 9 miles from Tavis Drive and offers dining, shopping, entertainment, and health care options. The stick-built home on 1.92 acres is suited for an owner who prefers to self-manage their investment. The Southern Oregon region is known for its natural beauty and a four-season climate with a mild winter.
Key Highlights
- 16‑unit rental property portfolio on 8+ acres offering diversification and flexibility.
- High income potential: Current gross yearly income of +\/- $155,000 with potential to reach nearly $195,000 upon completion and rental of vacant homes.
- Individual lots provide options to sell separately or tailor investment strategy.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
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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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 16-unit rental property portfolio in Josephine County with income potential.
Where is this mobile home & rv park located?
The property is located at 212 Tavis Dr 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 rental property portfolio on 8+ acres offering diversification and flexibility.; High income potential: Current gross yearly income of +\/- $155,000 with potential to reach nearly $195,000 upon completion and rental of vacant homes.; Individual lots provide options to sell separately or tailor investment strategy.
