Listing provided courtesy of John L. Scott Medford- MLS# 220168856
Contact Information: [email protected]
Contact Information: [email protected]Images
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387 Tavis DriveMerlin, OR 97532
Multi-Family · 10,236 Sq. ft. | 8.06 Acres$1,850,000
Active
387 Tavis Drive Overview
- Time on Site:
- 1064 days
- Visits:
- 2
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.
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387 Tavis Drive Facts & Features
- Type Multi-Family
- Sq. ft. 10,236
- Price/Sq.ft. $181
- Lot 8.06 Acres
Details
General
Association/HOA
- Association: false
School Information
- Elementary School: Ft Vannoy Elem
- Middle Or Junior School: Fleming Middle
- High School: North Valley High
Building Information
- New Construction: false
- Year Built: 1983
Location/Region
- County Or Parish: Josephine
- Subdivision Name: N/A
Tax Information
- Tax Annual Amount: 7638.89
- Tax Year: 2023
General Information
- Listing Terms: Cash
- Parcel Number: R303680
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Special Listing Conditions: Standard
Interior
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Source: Assessor
- Building Area Total: 10236.0
General Information
- Common Walls: No Common Walls
- Flooring: Other
- Foundation Details: Other
- Levels: One
Exterior
Parking Information
- Parking Features: Detached,Driveway
Lot Information
- Additional Parcels Description: 16 total lots (see attached docs)
- Additional Parcels: true
- Lot Size Acres: 8.06
- Lot Size Area: 8.06
- Lot Size Square Feet: 351093.6
- Lot Size Units: Acres
- Water Source: Shared Well,Other
Building Exterior/Construction
- Architectural Style: Other
- Attached Garage: false
- Roof: Composition,Metal
General Information
- Number Of Units Total: 16
- Sewer: Capping Fill,Sand Filter,Septic Tank,Other
387 Tavis Drive Neighborhood
Community
97532 (Merlin) Demographics
55
Median Age
44
Population Density (per sq. mile)
35%
College Educated
$56,272
Estimated Median Income
925
Estimated Total Home Owners
180
Estimated Total Renters
84% / 16%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.387 Tavis Drive Monthly Cost
387 Tavis Drive Market Data
Based on the last 30 days in this zip code
$991,669
Average List Price
$331
Average Price per Square Foot
2
Properties Sold
128
Average Days on Market
13
Properties for Sale
387 Tavis Drive History
| Date | Value | Agent |
|---|---|---|
| 5/29/2026Source: Oregon Datashare | $1,850,000 -7.5% |
|
| 5/29/2026Source: Oregon Datashare | Active |
|
| 4/14/2026Source: Oregon Datashare | Pending |
|
| 9/3/2024Source: Oregon Datashare | $1,999,999 -9.1% |