3251 Rogue River Highway, Grants Pass, OR 97527 | MLS #220217511 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of eXp Realty, LLCMLS# 220217511MLS Provider
  • 101 days on site
  • 0 views

Amazing investment opportunity featuring 12 units, including 7 individual cottages, 2 duplexes, and one 3-bedroom home, all set on 8 park-like acres. Currently generating over $13,000 in monthly rents with a strong 7% cap rate, this property offers immediate cash flow with additional upside potential through future rent increases and self-management. Tenants are consistently drawn to the unique layout of spread-out cottages nestled among mature trees, creating a private, community-style setting with beautifully maintained grounds. Many long-term tenants provide stability and consistent income. The property has seen numerous updates, including clean, well-maintained interiors full of charm, newer roofs, rain gutters, irrigation, a strong well, fenced yards, common areas, community laundry with coin-op machines, and ductless mini-split HVAC systems for efficient heating and cooling. This rare find combines rural tranquility with a robust, diversified revenue stream for the savvy investor

Source: Oregon Datashare, MLS#: 220217511

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  • Property Type
    Residential Income
  • Lot
    8.03 acres

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  • Median Age
    47
  • Population Density
    156
  • College Educated
    28%
  • Estimated Median Income
    $49,744
  • Estimated Total Home Owners
    10,593
  • Estimated Total Renters
    4,682
  • Owner / Renter Divide
    69% / 31%
  • Estimated Average Household Size
    2
  • Total Population
    37,120
  • 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
3/20/2026Source: Oregon Datashare Added to Database
March 20, 2026