247 Lorraine Ave Eagle Point, OR 97524
Estimated payment $7,028/month
Highlights
- 0.55 Acre Lot
- No HOA
- Patio
- Traditional Architecture
- Cooling System Mounted To A Wall/Window
- Surveillance System
About This Home
Exclusively presented for sale - 247 Lorraine Avenue - a clean, rare 8-unit apartment complex in Eagle Point, Oregon (the ''Property''). The Property presents an opportunity to step into established asset in a mature neighborhood, in a sub-market with limited competition and almost zero transactions of apartment complexes for years. The Property is sited on a flat, .55-acre landscaped lot, and consists of two, single-level fourplex buildings and (8) 1-bed / 1-bath efficient units. Once the single vacant unit is leased, the Property will produce nearly $10,000/month in gross income. Located in a quiet, mature area, the Property is close to multiple schools, parks, employers, and much more, and is an attractive opportunity to unlock significant value in beautiful Eagle Point - contact brokers for more info!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,085
Year Built
- Built in 1977
Lot Details
- 0.55 Acre Lot
- Two or More Common Walls
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Roof
Interior Spaces
- 1-Story Property
- Surveillance System
Flooring
- Carpet
- Vinyl
Parking
- On-Street Parking
- Parking Lot
Outdoor Features
- Patio
Schools
- Hillside Elementary School
- Eagle Point Middle School
- Eagle Point High School
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Community Details
- No Home Owners Association
- 8 Units
Listing and Financial Details
- Exclusions: Tenant personal property.
- Tax Lot 10000
- Assessor Parcel Number 10571874
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2025 09/23/25 | Pending | -- | -- | -- |
| 09/07/2025 09/07/25 | Price Changed | $1,225,000 | -2.0% | $234 / Sq Ft |
| 08/15/2025 08/15/25 | For Sale | $1,250,000 | -- | $239 / Sq Ft |
Source: Oregon Datashare
MLS Number: 220207774
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