3251 Rogue River Hwy, Grants Pass, OR 97527
FOR SALE8.03 ACRES

3251 Rogue River Hwy
Grants Pass, OR 97527

  • Studio
  • 6,508 sqft (on 8.03 acres)
  • Studio
  • 6,508 sqft (on 8.03 acres)

$1,899,000

Est. Mortgage $11,193/mo*

Local Information

map showing home location
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Commute Destination

Description

Amazing investment opportunity with 12 units consisting of 7 individual cottages, 2 duplexes and one 3 bedroom home all set on 8 park like acres. Approx. $13,000 in rents and low expenses for a 6% cap rate using property management. Increased cap rate possible with next year's rent increases and self management. Constantly attracts tenants due to its spread out cottages in the trees and gorgeous grounds and beautifully maintained landscaping. The interiors of the cottages are updated, clean and full of charm. Many long-term tenants who have resided here for years. There is a nice community laundry facility with new coin-op washers and dryers. Many new roofs, new rain gutters, irrigation for watering, a great well, several fenced yards and updated interiors, and a common area. New ductless mini split HVAC units.

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$292
Listed
35 days ago

Home Details for 3251 Rogue River Hwy

Active Status

MLS Status: Active

Interior Features

Dimensions and Layout
Living Area: 6508 Square Feet
Heating & Cooling
Heating: Electric,Heat PumpHas CoolingAir Conditioning: Heat PumpHas HeatingHeating Fuel: Electric
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet, LaminateCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Carpet, Laminate
View
No View

Exterior Features

Exterior Home Features
Roof: CompositionFoundation: Block, Pillar/Post/Pier
Parking & Garage
Has Open ParkingParking Spaces: 7Parking: Driveway
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank

Days on Market

Days on Market: 35

Property Information

Year Built
Year Built: 1969
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Cottage/Bungalow
Building
Construction Materials: FrameNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: R315483

Price & Status

Price
List Price: $1,899,000Price Per Sqft: $292

Location

Direction & Address
City: Grants Pass
School Information
Elementary School: Fruitdale ElemJr High / Middle School: Lincoln Savage MiddleHigh School: Hidden Valley High

Agent Information

Listing Agent
Listing ID: 220179191

Building

Building Area
Building Area: 6508 Square Feet

HOA

No HOA

Lot Information

Lot Area: 8.03 acres

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional

Compensation

Buyer Agency Commission: 2.00Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 220179191Listing Url
Last check for updates: 1 day ago
Listing courtesy of eXp Realty, LLC, (888) 814-9613
Source: Oregon Datashare, MLS#220179191

Price History for 3251 Rogue River Hwy

DatePriceEventSource
03/25/2024$1,899,000Listed For SaleOregon Datashare #220179191
11/22/2022$1,924,000ListingRemovedOregon Datashare #220156125
11/09/2022$1,924,000Listed For SaleOregon Datashare #220156125
09/09/2019$1,119,000Sold
Oregon Datashare #103003030
10/14/2016$935,000Sold
N/A

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Property Taxes and Assessment

Year2023
Tax$2,020
Assessment$1,149,500
Home facts updated by county records

Comparable Sales for 3251 Rogue River Hwy

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.63
Multi-Family Home
$325,000
11/07/23
5
4
2,562
1.22
Multi-Family Home
$1,082,000
08/29/23
3
2
5,699
1.37
Multi-Family Home
$610,000
08/09/23
7
4
5,000
1.58
Multi-Family Home
$592,500
01/04/24
8
8
3,584
1.59
Multi-Family Home
$592,500
01/04/24
8
8
3,584
1.45
Multi-Family Home
$225,000
08/16/23
5
4
3,220
2.56
Multi-Family Home
$954,023
11/29/23
-
6,996
2.52
Multi-Family Home
$440,000
02/21/24
-
2,688
2.55
Multi-Family Home
$395,000
03/29/24
4
4
2,458
2.42
Multi-Family Home
$250,250
11/28/23
4
2
1,658

What Locals Say about Grants Pass

  • Hnoelross
    "Nice clean and things to do. Great restaurants, unique shops, pretty parks, rogue river and hiking near."
    7
    Flag
  • Jtpersonius
    "You see dogs being walked all the time. People are friendly to others with dogs. You don’t see strays around on these streets. "
    0
    Flag
  • Brandon R.
    "I love Grants Pass it’s an amazing community in the most beautiful place in the Pacific Northwest. Nestled in the Rogue Valley is has all four seasons."
    0
    Flag
  • Jonnie S.
    "nothing special, it is quiet, clean and safe for children. everyone takes good care of their yards."
    0
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  • Brenda M.
    "4th of July 50’s weekend Rogue river Farmers market Quaint town Master gardener Winery fundraisers Joes kids"
    0
    Flag
  • Carlie J. W.
    "Most folks drive cars over public transit. Traffic is light to medium most of the time. From 8 to 9 am traffic is heavy. Then again from 3:30 to 5:30pm."
    0
    Flag
  • Knight.jessica9
    "Great family friendly neighborhood. Lots of animals and kid friendly parks. Great schools and teachers. "
    8
    Flag
  • Shadoehider
    "Concerts and movies in the park, wonderful restaurants, Art in the park, art downtown, Boatnik weekend. Jet boats, the rogue river"
    0
    Flag
  • Kim H.
    "The neighborhood is very friendly. Most of us neighbors know each other and our kids all play together. There's also a creek that the kids catch crawdads at and return to the water later. "
    10
    Flag
  • Heather S.
    "There is a neighborhood 4th of July block party and we love how many trick or treaters we get on Halloween."
    6
    Flag
  • Richele W.
    "There's a lot of stores and restaurants close by. Public Bus system is easy to use and comes every minutes. There is a good sidewalk system for pedestrians."
    0
    Flag
  • Wendy V.
    "I've lived in the same place for 25 years and raised my kids here I'm in the country yet close to town but I would still prefer even farther in the country I like even more privacy and nature the older I get. no"
    0
    Flag
  • Heather76dotts
    "I think dog owners would like the distance they would have to walk their dog but they wouldn't like the traffic because it is a highway and drivers don't always pay attention to who's walking on the side of the road. "
    1
    Flag
  • Stephanie C.
    "It’s a little bit of everything and everyone. Plenty of nature & busy streets, fancy estates & affordable homes, boutiques & Walmart all squished together in this eclectic community. I love being so close to the river and gateway to wilderness."
    1
    Flag
  • Marilyn Jones
    "I've lived her for two years and my neighbors are quiet and friendly.We watch out for each other. Older neighborhood"
    4
    Flag
  • The.jasmin.mercedes
    "Can’t walk your dog because there are no side walks and no dog parks near by. Gotta stick to your property"
    0
    Flag
  • Carl
    "Meth addicts are very respectful and will wait to steal your property while you're at work. Homeless lazy drunks are friendly for the most part, as long as you don't try to kick them off your lawn before noon. Police ask for more money every year while conditions stay the same while our property taxes double every few years to hire more sheriff's that don't respond it calls. Great Town! "
    3
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  • Scott M.
    "This town is 1/2 beautiful the other half shithole. Meth/Crackhead has spred everywhere... it is here too! 😔"
    23
    Flag
  • Fzoppo
    "Great community for young families. Good schools with dedicated teachers. Medical services are first class. "
    0
    Flag
  • Samantha P.
    "Well kept quiet beautiful neighborhood walking distance to grocery store and eating out nicer than most "
    4
    Flag
  • Sally E.
    "Dogs barking all the time and weight limit on how much a dog can weigh plus no aggressive type breeds allowed such as pit bulls Doberman s and Rottweiler or German Shepard’s allowed"
    1
    Flag
  • Benaventeh
    "I am next to the high school, which is great if you love hearing positive noise often or if you have school aged kids. The elementary school is just a few blocks away. It's fun to walk to the high school to see a football game or look out my kitchen window to see baseball games or track meets."
    1
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  • Courtney m. s. 2. c.
    "Born and raised so I know the area well. Beautiful town wish it was more affordable. Needs some more housing. They’re just isn’t enough homes available "
    2
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LGBTQ Local Legal Protections

eXp Realty, LLC
© 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Zillow Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. This content has last been updated on 2024-02-12 14:23:30 PST
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
3251 Rogue River Hwy, Grants Pass, OR 97527 is a studio, 6,508 sqft multi-family built in 1969. This property is currently available for sale and was listed by Oregon Datashare on Mar 25, 2024. The MLS # for this home is MLS# 220179191.