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    • Price cut: $3.1K (5/27)
    $295,900

    701 Caves Hwy, Cave Junction, OR 97523

    6beds
    2,336sqft
    : 
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    Quadruplex, Multi Family, Manufactured Home
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $127/sqft
    $-- HOA

    What's special

    New appliancesShared well
    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!
    166 days
    |
    1,808
    |
    102
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    eXp Realty, LLC 888-814-9613

    Source: Oregon Datashare,MLS#: 220208860MLS Logo

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      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: 167 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

        $1,484/mo

        Price history

        DateEventPrice
        5/27/2026Price change$295,900-1%$127/sqft
        Source: Oregon Datashare #220208860 Report a problem
        2/28/2026Pending sale$299,000$128/sqft
        Source: Oregon Datashare #220208860 Report a problem
        1/28/2026Listed for sale$299,000$128/sqft
        Source: Oregon Datashare #220208860 Report a problem
        12/26/2025Pending sale$299,000$128/sqft
        Source: Oregon Datashare #220208860 Report a problem
        11/5/2025Listed for sale$299,000$128/sqft
        Source: Oregon Datashare #220208860 Report a problem
        10/13/2025Pending sale$299,000$128/sqft
        Source: Oregon Datashare #220208860 Report a problem
        9/6/2025Listed for sale$299,000+15.4%$128/sqft
        Source: Oregon Datashare #220208860 Report a problem
        9/30/2024Sold$259,000$111/sqft
        Source: Oregon Datashare #220189793 Report a problem
        9/18/2024Pending sale$259,000$111/sqft
        Source: Oregon Datashare #220189793 Report a problem
        9/13/2024Listed for sale$259,000$111/sqft
        Source: Oregon Datashare #220189793 Report a problem

        Public tax history

        YearProperty taxesTax 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.
        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.
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        Climate risks

        Neighborhood: 97523

        Getting around

        21 / 100
        Car-Dependent
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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