$299,000

701 Caves Hwy Cave Junction, OR 97523

Estimated payment $1,736/month

Total Views 789
-- Bed
-- Bath
2,336 Sq Ft
$128 Price per Sq Ft

Highlights

  • 2.48 Acre Lot
  • Bungalow
  • 1-Story Property
  • No HOA
  • Shed
  • Level Lot

About This Home

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 (previously rented at $875) 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!

Listing Agent

China Rose

eXp Realty, LLC License #201218988 Listed on: 09/06/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,887

Year Built

  • Built in 1970

Lot Details

  • 2.48 Acre Lot
  • 1 Common Wall
  • Level Lot

Parking

  • Shared Driveway

Home Design

  • Quadruplex
  • Bungalow
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Vinyl Flooring
  • Oven

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Shed
  • Storage Shed

Schools

  • Evergreen Elementary School
  • Lorna Byrne Middle School
  • Illinois Valley High School

Utilities

  • No Cooling
  • Heating Available
  • Well
  • Septic Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Tenants Property
  • Tax Lot 602
  • Assessor Parcel Number R330405

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Josephine Addition To Grants Pass Subdivision

Building Details

  • Professional Management Expense $2,400
  • Gross Income $42,000
  • Net Operating Income $31,335

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,887

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Architectural Style: Bungalow
  • Unit Levels: One
  • Lot Size Acres: 2.48
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Road Frontage Type: Shared Access
  • Road Surface Type: Paved
  • Subdivision Name: Josephine Addition To Grants Pass
  • Year Built: 1970
  • Total Gross Income: 42000.0
  • Professional Management Expense: 2400.0
  • Co List Office Phone: 888-814-9613
  • Outside Inclusions: Oven -Refrigerator in each unit
  • MLS Status: Active
  • General Property Information Elementary School: Evergreen Elem
  • General Property Information Middle Or Junior School: Lorna Byrne Middle
  • General Property Information High School: Illinois Valley High
  • General Property Information:Zoning2: Rr5; Rural Res 5 Ac
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Location Tax and Legal:Tax Lot: 602
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Foundation Details Block2: Yes
  • Foundation Details PillarPostPier: Yes
  • Levels:One: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Other Structures:Shed(s): Yes
  • Water Source:Well: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Roof:Composition: Yes
  • Other Structures:Storage: Yes
  • Common Walls 1 Common Wall: Yes
  • Architectural Style Bungalow: Yes
  • Special Features: None

Interior Features

  • Appliances: Oven, Refrigerator
  • Flooring: Vinyl
  • Appliances:Oven: Yes

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: Frame
  • Foundation Details: Block, Pillar/Post/Pier
  • Lot Features: Level
  • Other Structures: Shed(s), Storage
  • Roof: Composition
  • Exclusions: Tenants Property
  • Lot Features:Level: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Parking Features: Driveway, Shared Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Shared Driveway: Yes

Utilities

  • Cooling: None
  • Heating: Electric
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: No
  • HeatingYN: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 108028.8
  • Parcel #: R330405
  • ResoLotSizeUnits: Acres
  • Zoning Description: Rr5; Rural Res 5 Ac

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 31335.0
  • Annual Operating Expense: 8265.0

Tax Info

  • Tax Annual Amount: 1886.65
  • Tax Lot: 602
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $1,887 $181,790 -- --
2023 $1,659 $176,500 $0 $0
2022 $1,659 $171,360 -- --
2021 $1,554 $166,370 $0 $0
2020 $1,587 $161,530 $0 $0
2019 $1,542 $156,830 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2025 09/06/25 For Sale $299,000 +15.4% $128 / Sq Ft
09/30/2024 09/30/24 Sold $259,000 0.0% $111 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $259,000 -- $111 / Sq Ft
Source: Oregon Datashare

Purchase History

Date Type Sale Price Title Company
Warranty Deed $259,000 First American Title
Warranty Deed $252,500 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $202,500 Commercial
Source: Public Records

Source: Oregon Datashare

MLS Number: 220208860

Oregon Datashare

APN: R330405

Oregon Josephine County Cave Junction 97523

701 Caves Hwy, Cave Junction, OR

This home is located at 701 Caves Hwy, Cave Junction, OR 97523 and is currently priced at $299,000, approximately $127 per square foot. This property was built in 1970. 701 Caves Hwy is a home located in Josephine County with nearby schools including Evergreen Elementary School, Lorna Byrne Middle School, and Illinois Valley High School.

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Nearby Homes
China Rose
Listing Agent
China Rose
Section Image
eXp Realty, LLC
(458) 309-2561