Seller's Agent in 2025
Caspian Hoehne
Merit Commercial RE, LLC
(541) 944-9967
2 in this area
61 Total Sales
247 Lorraine Ave Eagle Point, OR 97524
--
Bed
--
Bath
5,240
Sq Ft
0.55
Acres
Highlights
- 0.55 Acre Lot
- No HOA
- Patio
- Traditional Architecture
- Cooling System Mounted To A Wall/Window
- Surveillance System
About This Home
As of November 2025Exclusively 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!
Last Agent to Sell the Property
Merit Commercial RE, LLC License #201234073 Listed on: 08/15/2025
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
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2025 11/26/25 | Sold | $1,130,000 | -7.8% | $216 / 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
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $6,232 | $458,050 | -- | -- |
| 2025 | $6,085 | $444,710 | $78,180 | $366,530 |
| 2024 | $6,085 | $431,760 | $75,900 | $355,860 |
| 2023 | $5,879 | $419,190 | $73,690 | $345,500 |
| 2022 | $5,718 | $419,190 | $73,690 | $345,500 |
| 2021 | $5,549 | $406,990 | $71,540 | $335,450 |
| 2020 | $5,895 | $395,140 | $69,460 | $325,680 |
| 2019 | $5,805 | $372,470 | $65,480 | $306,990 |
| 2018 | $5,694 | $361,630 | $63,570 | $298,060 |
| 2017 | $5,554 | $361,630 | $63,570 | $298,060 |
| 2016 | $5,446 | $340,880 | $59,920 | $280,960 |
| 2015 | $5,268 | $340,880 | $59,920 | $280,960 |
| 2014 | $4,026 | $321,330 | $56,480 | $264,850 |
Source: Public Records
Agents Affiliated with this Home
-
Caspian Hoehne
-
Ashley Lacer
Seller Co-Listing Agent in 2025
Ashley Lacer
John L. Scott Medford
(541) 660-5111
4 in this area
111 Total Sales
-
Jake Rockwell
Buyer's Agent in 2025
Jake Rockwell
eXp Realty, LLC
(541) 292-6962
4 in this area
108 Total Sales
-
Rockwell Group
Buyer Co-Listing Agent in 2025
Rockwell Group
eXp Realty, LLC
(541) 292-4444
33 in this area
530 Total Sales
Map
Source: Oregon Datashare
MLS Number: 220207774
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