16-unit rental portfolio on just over 8 acres of property. Consisting of 16 lots with 10 homes owned by the seller & the remaining 6 homes are tenant-owned renting the space. The property has a current gross rent of approximately $155,000 per year and with some further improvement, has the potential for increasing that to over $200,000/year! Each lot is independent & a new owner could sell off separate lots to create a gain or to tailor the investment to their liking. Located in the heart of Merlin the neighborhood has access to abundant natural beauty & recreation with the world famous Rogue River right nearby - an attraction that draws thousands of travelers each summer who flock to Merlin for rafting & fishing. The Grants Pass city center is just under 9 miles from Tavis Drive providing a variety of dining options, shopping, entertainment, & plentiful health care options.
Active
Price cut: $150K (5/29)
$1,850,000
387 Tavis Dr, Merlin, OR 97532
--beds
0baths
10,236sqft
Multi Family, Manufactured Home
Built in 1983
-- sqft lot
$-- Zestimate®
$181/sqft
$-- HOA
What's special
- 957 days |
- 110 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
John L. Scott Medford Alex@MartinOutdoorProperties.com
Source: Oregon Datashare,MLS#: 220168856
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other
Cooling
- Other
Features
- Flooring: Other
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 10,236
- Total interior livable area: 10,236 sqft
Property
Parking
- Parking features: Detached, Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 8.06 Acres
Details
- Additional parcels included: 16 total lots (see attached docs)
- Parcel number: R303680
- Zoning description: CR-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family, Manufactured Home
Materials
- Foundation: Other
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Capping Fill, Sand Filter, Septic Tank, Other
- Water: Shared Well, Other
Community & HOA
HOA
- Has HOA: No
Location
- Region: Merlin
Financial & listing details
- Price per square foot: $181/sqft
- Tax assessed value: $121,870
- Annual tax amount: $7,638
- Date on market: 5/29/2026
- Cumulative days on market: 957 days
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
$1,458/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Price change | $1,850,000-7.5%$181/sqft |
Source:  Oregon Datashare #220168856 Report a problem | ||
| 4/14/2026 | Pending sale | $1,999,999$195/sqft |
Source: Oregon Datashare #220168856 Report a problem | ||
| 9/3/2024 | Price change | $1,999,999-9.1%$195/sqft |
Source: Oregon Datashare #220168856 Report a problem | ||
| 5/20/2024 | Listed for sale | $2,200,000$215/sqft |
Source: Oregon Datashare #220168856 Report a problem | ||
| 3/22/2024 | Pending sale | $2,200,000$215/sqft |
Source: Oregon Datashare #220168856 Report a problem | ||
| 8/1/2023 | Listed for sale | $2,200,000+3900%$215/sqft |
Source: Oregon Datashare #220168856 Report a problem | ||
| 3/31/2023 | Listing removed | $55,000$5/sqft |
Source: Oregon Datashare #220157410 Report a problem | ||
| 2/15/2023 | Price change | $55,000-21.4%$5/sqft |
Source: Oregon Datashare #220157410 Report a problem | ||
| 1/13/2023 | Price change | $70,000-11.4%$7/sqft |
Source: Oregon Datashare #220157410 Report a problem | ||
| 12/19/2022 | Listed for sale | $79,000$8/sqft |
Source: Oregon Datashare #220157410 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2019 | $453 | $57,990 +3% |
| 2018 | $453 +1.5% | $56,310 +3% |
| 2017 | $447 +204.8% | $54,670 +141.7% |
| 2016 | $147 | $22,620 -6.2% |
| 2015 | $147 +2% | $24,120 +5.3% |
| 2014 | $144 | $22,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 97532
Nearby schools
GreatSchools rating
- 8/10Manzanita Elementary SchoolGrades: K-5Distance: 2.8 mi
- 6/10Fleming Middle SchoolGrades: 6-8Distance: 2.7 mi
- 6/10North Valley High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Ft Vannoy Elem
- Middle: Fleming Middle
- High: North Valley High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Josephine County
- Merlin
- 97532
- 387 Tavis Dr
Nearby cities
Nearby zip codes
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