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Listing provided courtesy of eXp Realty, LLC- MLS# 220208860MLS Provider

701 Caves HighwayCave Junction, OR 97523

Multi-Family · 2,336 Sq. ft. | 2.48 Acres
$295,900 Active

701 Caves Highway Overview

Time on Site:
297 days
Visits:
7

Investor Alert! This 4-unit income property on 2.48 acres with RR5 zoning in Cave Junction is a rare find. The property includes 3 income-producing units plus one recently remodeled and currently vacant unit, perfect to live in while collecting rents from the others, or lease all four for maximum return. Features include two 1 bed/1 bath cottages renting at $825 each, a refreshed 2 bed/1 bath cottage rented at $800 with new appliances and flooring, and a 2 bed/1 bath 1,056 sq. ft. modular home renting for $1,000. Supported by a shared well and two septic systems, all tenants are on month-to-month agreements. Conveniently located off Hwy 199 next to the fire station, this strong income producer delivers immediate cash flow with excellent potential for future value-add. Don't miss this solid investment! Owner Will Carry!

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701 Caves Highway Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,336
  • Price/Sq.ft. $127
  • Lot 2.48 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Evergreen Elem
  • Middle Or Junior School: Lorna Byrne Middle
  • High School: Illinois Valley High

Income/Expenses

  • Gross Income: 42000.0
  • Net Operating Income: 31335.0
  • Operating Expense: 8265.0

Building Information

  • New Construction: false
  • Year Built: 1977

Location/Region

  • County Or Parish: Josephine
  • Subdivision Name: Josephine Addition To Grants Pass

Tax Information

  • Tax Annual Amount: 1886.65
  • Tax Year: 2024

General Information

  • Exclusions: Tenants Property
  • Inclusions: Oven -Refrigerator in each unit
  • Listing Terms: Cash,Conventional,Owner Will Carry,Private Financing Available
  • Parcel Number: R330405
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 2336.0

General Information

  • Appliances: Oven,Refrigerator
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Foundation Details: Block,Pillar/Post/Pier
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Driveway,Shared Driveway

Lot Information

  • Additional Parcels: false
  • Lot Features: Level
  • Lot Size Acres: 2.48
  • Lot Size Area: 2.48
  • Lot Size Square Feet: 108028.8
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Well

Building Exterior/Construction

  • Architectural Style: Bungalow
  • Attached Garage: false
  • Construction Materials: Frame
  • Roof: Composition

General Information

  • Number Of Units Total: 4
  • Other Structures: Shed(s),Storage
  • Road Frontage Type: Shared Access
  • Sewer: Septic Tank

701 Caves Highway Neighborhood

Community

97523 (Cave Junction) Demographics

52
Median Age
35
Population Density (per sq. mile)
22%
College Educated
$35,792
Estimated Median Income
2,131
Estimated Total Home Owners
640
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

701 Caves Highway Monthly Cost

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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.

701 Caves Highway Market Data

Based on the last 30 days in this zip code

$357,783
Average List Price
$234
Average Price per Square Foot
15
Properties Sold
146
Average Days on Market
78
Properties for Sale
Calculations provided by Reliance Network

701 Caves Highway History

Date Event Value Agent
5/27/2026Source: Oregon Datashare Status Change
Active
5/26/2026Source: Oregon Datashare Price Reduction
$295,900 -1.0%
2/27/2026Source: Oregon Datashare Status Change
Pending
1/28/2026Source: Oregon Datashare Status Change
Active
12/26/2025Source: Oregon Datashare Status Change
Pending
11/5/2025Source: Oregon Datashare Status Change
Active
10/12/2025Source: Oregon Datashare Status Change
Pending
9/6/2025Source: Oregon Datashare Added to Database
September 06, 2025
10/1/2024Source: Oregon Datashare Status Change
Closed
9/18/2024Source: Oregon Datashare Status Change
Pending
9/13/2024Source: Oregon Datashare Added to Database
September 13, 2024