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$299,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family
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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 (previously rented at $875) 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!

Full Property Details for 701 Caves Hwy

General

  • Price: $299,000
  • Taxes: $1,886 (2024)
  • Status: Pending
  • Type: Multi-Family
  • Source: ODS
  • MLS ID: 220208860
  • Updated: 12/26/2025
  • Added to Site: 75 day(s) ago

Interior

  • Appliances: Oven, Refrigerator
  • Flooring: Vinyl

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)

Parking

  • Parking Features: Driveway, Shared Driveway
  • Parking: Driveaway

Location

  • Area: 2336
  • County: Josephine
  • Subdivision: Josephine Addition To Grants Pass
  • Cross Streets: Keller Lane

School Information

  • Elementary School: Evergreen Elem
  • Middle School: Lorna Byrne Middle
  • High School: Illinois Valley High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Electric

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Well: Yes

Structural Information

  • Architectural Style: Bungalow
  • Construction: Frame
  • Foundation: Block, Pillar/Post/Pier
  • Roof: Composition
  • Common Walls: 1 Common Wall
  • Stories/Levels: 1
  • Square Feet: 2,336
  • Sq. Ft. Source: Assessor
  • Year Built: 1970

Additional Structures

  • Other Structures: Shed(s), Storage

Lot Features

  • Lot Size (Acres): 2.48
  • Lot Size (Sq. Ft.): 108,029
  • Frontage: Shared Access
  • Street/Road Desc.: Paved
  • Lot Features: Level
  • Zoning: Rr5; Rural Res 5 Ac

Financial Considerations

  • Tax Amount: $1,886.65
  • Tax Year: 2024
  • Terms: Cash, Conventional, Owner Will Carry, Private Financing Available

Disclosures and Reports

  • Special Conditions: Standard
  • Exclusions: Tenants Property
  • Inclusions: Oven -Refrigerator in each unit
  • APN: R330405
  • Section: Not Applicable
  • Lot Number: 602

Listed by eXp Realty, LLC (888) 814-9613, China Rose

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Listing agent

— 701 Caves Hwy —

  • China Rose

    eXp Realty, LLC

    888-814-9613

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 701 Caves Hwy

School District:Three Rivers School District
NameGradesDistance
Lorna Byrne Middle School
101 South Junction Avenue, Cave Junction, OR 97523
6-80.7 mi
Evergreen Elementary School, Cave Junction, OR
520 West River Street, Cave Junction, OR 97523
K-51.1 mi
Illinois Valley High School
625 East River Street, Cave Junction, OR 97523
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 701 Caves Hwy Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/06/2025
Listed
$299,000
15.44%
MLS
9/30/2024
Sold
$259,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 701 Caves Hwy

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,953
3%
$187,240
3%
2024
$1,887
14%
$181,790
3%
2023
$1,659
4%
$176,500
6%
2021
$1,602
-3%
$166,370
-3%
2022
$1,659
4%
$171,360
6%
2021
$1,602
4%
$161,530
3%
2019
$1,542
-1%
$156,830
3%
2018
$1,558
1%
$152,270
3%
2017
$1,536
20%
$147,840
3%
2016
$1,279
3%
$143,540
3%
2015
$1,246
2%
$139,360
3%
2014
$1,222
5%
$135,310
3%
2013
$1,169
—
$131,370
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by eXp Realty, LLC (888) 814-9613, China Rose

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Recent Sales near 701 Caves Hwy

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701 Caves Highway, Cave Junction, OR 97523 (MLS# 220208860) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 701 Caves Highway is currently listed for $299,000 and was received on November 05, 2025. Want to learn more about 701 Caves Highway? Do you have questions about finding other Multi-Family real estate for sale in Cave Junction? You can browse all Cave Junction real estate or contact a Coldwell Banker agent to request more information.

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