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    Merlin, OR
    Multifamily

    Merlin, OR Multifamily Properties for Sale

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    Grants Pass, OR Wolf Creek, OR Wilderville, OR Rogue River, OR Gold Hill, OR Glendale, OR Selma, OR Azalea, OR
    16-Unit Apartment Rental Portfolio
    Updated: Jul 31, 2023
    16-Unit Apartment Rental Portfolio

    387 Tavis Drive, Merlin, OR 97532

    $1,850,000
    10,236 sqft 8.06 AC lot
    16 lots with 16 rental homes: 10 seller‑owned and 6 tenant‑owned
    8.06 acres at 387 Tavis Drive, Merlin, OR 97532
    Built in 1983 with metal and composition roofing
    Water from a well; wastewater via septic tank
    Property size listed as 10,236 SF
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    This listing looks promising.

    Here's a quick look at some key insights for

    387 Tavis Drive, Merlin, OR 97532

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    • Est. Cap Rate

      4.2%
      NOI ÷ price

    • Est. NOI

      $77K
      Annual

    • Price @ 7% Cap

      $1.1M
      Suggested

    • Property Type

      Mobile Home
      Built 1986
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    Merlin Multi-Unit Investment Opportunity
    Updated: Feb 8, 2024
    Merlin Multi-Unit Investment Opportunity

    212 Tavis Dr, Merlin, OR 97532

    Contact for pricing
    8.00 AC lot
    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.
    Located in Merlin, near the Rogue River and close to Grants Pass amenities.
    13 of 16 lots are actively rented, providing stable income.
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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Merlin, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex with Two Renovated Units
    Duplex with Two Renovated Units

    3361 Camp Joy Road, Grants Pass, OR 97526

    $450,000
    2,520 sqft 1.84 AC lot

    Two updated 3-bedroom units with smart thermostats, electric heat pump systems, well water, and septic service.

    View details
    Gated Quadplex Property with Shop
    Gated Quadplex Property with Shop

    3504 Azalea Drive, Grants Pass, OR 97526

    $539,000
    2.71 AC lot

    Gated, park-like multi-structure property with well water, septic systems, and a main ranch home plus cabin and RV space.

    View details
    55+ Mobile Home Park Home
    55+ Mobile Home Park Home

    332 Beechwood Dr, Grants Pass, OR 97526

    $36,000

    Move-in ready home with covered porch and carport in a 55+ community with shared recreation amenities and RV storage.

    View details
    Manufactured Home in 55+ Community
    Manufactured Home in 55+ Community

    217 Nw Creekside Dr, Grants Pass, OR 97526

    $115,000

    Well-maintained 1997 manufactured home with 2 bedrooms, 2 bathrooms, and recent interior and exterior updates in a 55+ community.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Affordable Building Lot in Cave Junction
    Affordable Building Lot in Cave Junction

    N Old Stage Road, Cave Junction, OR 97523

    Contact for pricing
    0.19 AC lot

    Level lot with city utilities in cozy SW Oregon community.

    View details
    Montague Land with Well/Septic
    Montague Land with Well/Septic

    7630 Whitepine Rd, Montague, CA 96064

    $46,000
    1.00 AC lot

    One-acre lot with well, septic, and outbuildings near Yreka.

    View details
    Chiloquin Land with Lake Views
    Chiloquin Land with Lake Views

    Timber Lane, Chiloquin, OR 97624

    Contact for pricing
    0.33 AC lot

    Oversized lot with lake views, utilities, and manufactured home allowance.

    View details
    Acre Land Parcel in Chiloquin
    Acre Land Parcel in Chiloquin

    Cloudcap Drive, Chiloquin, OR 97624

    Contact for pricing
    1.00 AC lot

    One acre land parcel with utilities in Chiloquin, Oregon.

    View details

    Off-Market Properties in Merlin, OR

    Consider similar Off-Market properties in Merlin, OR. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    212 Tavis Dr
    Multifamily properties

    212 Tavis Dr, Merlin, OR 97532

    Value Estimation by Request
    8.06 AC lot
    View details

    Merlin, OR Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Merlin, OR on our real estate platform. These investment opportunities span a total of 10,236 square feet of properties for sale, with an estimated market value of $1,850,000.

    Sale prices for multifamily properties in Merlin, OR average $1,850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Mobile home & RV parks 1

    Demographics Overview

    Population 2,146
    Population Growth (5Y) -15.0%
    Median Household Income $77,125
    College Educated 34.2%

    High-Yield Neighborhoods for Investment

    Identify Merlin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    97532 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 0.66%
    Property Tax per SF $13.35 per SF
    Tax Rate vs County Average 0.59 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Josephine County

    New Delisted

    Total CRE Inventory on Market (SF)

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