387 Tavis Drive, Merlin, OR 97532 | MLS #220168856 | Cascade Hasson Sotheby’s International Realty

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Listing provided courtesy of John L. Scott MedfordMLS# 220168856MLS ProviderContact Information: [email protected]
  • 1064 days on site
  • 2 views

16-unit rental portfolio on just over 8 acres of property. Consisting of 16 lots with 10 homes owned by the seller & the remaining 6 homes are tenant-owned renting the space. The property has a current gross rent of approximately $155,000 per year and with some further improvement, has the potential for increasing that to over $200,000/year! Each lot is independent & a new owner could sell off separate lots to create a gain or to tailor the investment to their liking. Located in the heart of Merlin the neighborhood has access to abundant natural beauty & recreation with the world famous Rogue River right nearby - an attraction that draws thousands of travelers each summer who flock to Merlin for rafting & fishing. The Grants Pass city center is just under 9 miles from Tavis Drive providing a variety of dining options, shopping, entertainment, & plentiful health care options.

Source: Oregon Datashare, MLS#: 220168856

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  • Property Type
    Residential Income
  • Lot
    8.06 acres

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  • Median Age
    55
  • Population Density
    44
  • College Educated
    35%
  • Estimated Median Income
    $56,272
  • Estimated Total Home Owners
    925
  • Estimated Total Renters
    180
  • Owner / Renter Divide
    84% / 16%
  • Estimated Average Household Size
    2
  • Total Population
    2,621
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
5/29/2026Source: Oregon Datashare Price Reduction
$1,850,000 -7.5%
5/29/2026Source: Oregon Datashare Status Change
Active
4/14/2026Source: Oregon Datashare Status Change
Pending
9/3/2024Source: Oregon Datashare Price Reduction
$1,999,999 -9.1%