Investor Alert! This 4-unit income property on 2.48 acres with RR5 zoning in Cave Junction is a rare find. The property includes 4 income-producing units. 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!
Active
$295,900
701 Caves Hwy, Cave Junction, OR 97523
6beds
2,336sqft
Quadruplex, Multi Family, Manufactured Home
Built in 1977
-- sqft lot
$-- Zestimate®
$127/sqft
$-- HOA
What's special
New appliancesShared well
- 217 days
- 1,458
- 77
Zillow last checked:
Listing updated:
Listed by:
eXp Realty, LLC 888-814-9613
Source: Oregon Datashare,MLS#: 220208860
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 1
Heating
- Electric
Cooling
- None
Appliances
- Included: Oven, Refrigerator
Features
- Flooring: Vinyl
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,336
- Total interior livable area: 2,336 sqft
Property
Parking
- Parking features: Driveway, Shared Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.48 Acres
- Features: Level
Details
- Additional structures: Shed(s), Storage
- Parcel number: R330405
- Zoning description: Rr5; Rural Res 5 Ac
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Quadruplex, Multi Family, Manufactured Home
Materials
- Frame
- Foundation: Block, Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Josephine Addition To Grants Pass
HOA
- Has HOA: No
Location
- Region: Cave Junction
Financial & listing details
- Price per square foot: $127/sqft
- Tax assessed value: $324,820
- Annual tax amount: $1,886
- Date on market: 5/27/2026
- Cumulative days on market: 218 days
- Listing terms: Cash,Conventional,Owner Will Carry,Private Financing Available
- Inclusions: Oven -Refrigerator in each unit
- Exclusions: Tenants Property
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/27/2026 | Price change | $295,900-1%$127/sqft |
Source:  Oregon Datashare #220208860 Report a problem | ||
| 2/28/2026 | Pending sale | $299,000$128/sqft |
Source: Oregon Datashare #220208860 Report a problem | ||
| 1/28/2026 | Listed for sale | $299,000$128/sqft |
Source: Oregon Datashare #220208860 Report a problem | ||
| 12/26/2025 | Pending sale | $299,000$128/sqft |
Source: Oregon Datashare #220208860 Report a problem | ||
| 11/5/2025 | Listed for sale | $299,000$128/sqft |
Source: Oregon Datashare #220208860 Report a problem | ||
| 10/13/2025 | Pending sale | $299,000$128/sqft |
Source: Oregon Datashare #220208860 Report a problem | ||
| 9/6/2025 | Listed for sale | $299,000+15.4%$128/sqft |
Source: Oregon Datashare #220208860 Report a problem | ||
| 9/30/2024 | Sold | $259,000$111/sqft |
Source: Oregon Datashare #220189793 Report a problem | ||
| 9/18/2024 | Pending sale | $259,000$111/sqft |
Source: Oregon Datashare #220189793 Report a problem | ||
| 9/13/2024 | Listed for sale | $259,000$111/sqft |
Source: Oregon Datashare #220189793 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2019 | $1,590 | $156,830 +3% |
| 2018 | $1,590 +2.1% | $152,270 +3% |
| 2017 | $1,558 +21.8% | $147,840 +3% |
| 2016 | $1,279 | $143,540 +3% |
| 2015 | $1,279 +4.7% | $139,360 +3% |
| 2014 | $1,222 +4.6% | $135,310 +3% |
| 2013 | $1,169 +3% | $131,370 +3% |
| 2012 | $1,135 +1090.7% | $127,550 +980.9% |
| 2011 | $95 -90% | $11,800 -89.2% |
| 2010 | $956 +2.7% | $108,780 +3% |
| 2009 | $932 -0.7% | $105,620 +3% |
| 2008 | $938 +6% | $102,550 +3% |
| 2007 | $885 +736.5% | $99,570 +746% |
| 2005 | $106 -87.4% | $11,770 -87.1% |
| 2004 | $839 +10.8% | $91,130 +3% |
| 2003 | $757 +757.4% | $88,480 +717.7% |
| 2002 | $88 +3.1% | $10,820 -8.1% |
| 2001 | $86 | $11,780 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97523
Nearby schools
Schools provided by the listing agent
- Elementary: Evergreen Elem
- Middle: Lorna Byrne Middle
- High: Illinois 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.
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