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Merlin Multifamily Home for Sale

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    $1,999,999

    • 10,236 Sq Ft

    387 Tavis Dr, Merlin, OR 97532

    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

    Martin Outdoor Property Group Land Leader

    387 Tavis Dr, Merlin, OR 97532

Why Live in Merlin

Merlin, a neighborhood in Grants Pass, Oregon, is known for its proximity to the Rogue River, where locals enjoy rafting and fishing for steelhead and salmon. Merlin Community Park serves as a central recreational spot, featuring horseshoe pits, a playground, a baseball field, and a community center available for private events. The park also hosts live music on Thursday evenings during the summer and includes the Veterans Walk of Honor. The Haines Family Apple Tree, Oregon’s second-oldest apple tree, is another notable landmark. While the neighborhood is not particularly pedestrian or bike-friendly, it is well-connected by roads leading to Grants Pass and Interstate 5. Public transportation includes Josephine County commuter buses, and the nearest hospital, Asante Three Rivers Medical Center, is 12 miles away. For air travel, residents typically use Rogue Valley International Medford Airport, 34 miles away. Local dining options include the vibrant Riffle Café and the Lil’ Pantry market, known for its extensive beer selection and all-day breakfast. Merlin has a low crime risk, with a CAP Index score significantly lower than the national average. Homes in Merlin range from custom New Traditionals on large lots to manufactured homes with greenhouses or sheds, all operating on septic tanks and well water. Environmental considerations include potential flooding and summer wildfires, with two nearby fire departments providing protection.

Home Trends in Merlin, OR

Housing Trends

Median Sale Price
$570,000
Median Single Family Sale Price
$599,000
Average Price Per Sq Ft
$295
Number of Homes for Sale
3
Last 12 months Home Sales
22
Months of Supply
1.60
Median List Price
$599,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
24%
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