Listing provided courtesy of eXp Realty, LLCMLS# 220208860MLS Provider
  • 296 days on site
  • 7 views

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!

Source: Oregon Datashare, MLS#: 220208860

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  • Property Type
    Residential Income
  • Lot
    2.48 acres

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  • Median Age
    52
  • Population Density
    35
  • College Educated
    22%
  • Estimated Median Income
    $35,792
  • Estimated Total Home Owners
    2,131
  • Estimated Total Renters
    640
  • Owner / Renter Divide
    77% / 23%
  • Estimated Average Household Size
    2
  • Total Population
    5,885
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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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.

Life at 701 Caves Highway


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

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