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$1,130,000

  • Sold
  • Closed
  • Multi-Family
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Exclusively presented for sale - 247 Lorraine Avenue - a clean, rare 8-unit apartment complex in Eagle Point, Oregon (the ''Property''). The Property presents an opportunity to step into established asset in a mature neighborhood, in a sub-market with limited competition and almost zero transactions of apartment complexes for years. The Property is sited on a flat, .55-acre landscaped lot, and consists of two, single-level fourplex buildings and (8) 1-bed / 1-bath efficient units. Once the single vacant unit is leased, the Property will produce nearly $10,000/month in gross income. Located in a quiet, mature area, the Property is close to multiple schools, parks, employers, and much more, and is an attractive opportunity to unlock significant value in beautiful Eagle Point - contact brokers for more info!

Full Property Details for 247 Lorraine Ave

General

  • Sold For: $1,130,000
  • Taxes: $6,085 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: ODS
  • MLS ID: 220207774
  • Added to Site: 155 day(s) ago

Interior

  • Flooring: Carpet, Vinyl

Parking

  • Parking Features: Asphalt, On Street, Parking Lot
  • Parking: Primary Suite

Location

  • Area: 5240
  • County: Jackson
  • Subdivision: N/A

School Information

  • Elementary School: Hillside Elem
  • Middle School: Eagle Point Middle
  • High School: Eagle Point High

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Traditional
  • Foundation: Slab
  • Roof: Composition
  • Common Walls: 2+ Common Walls
  • Stories/Levels: 1
  • Square Feet: 5,240
  • Sq. Ft. Source: Assessor
  • Year Built: 1977

Lot Features

  • Lot Size (Acres): 0.55
  • Lot Size (Sq. Ft.): 23,958
  • Zoning: R-3

Financial Considerations

  • Tax Amount: $6,085.1
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Exclusions: Tenant personal property.
  • APN: 10571874
  • Section: Not Applicable
  • Lot Number: 10000

Listed by Merit Commercial RE, LLC (541) 608-6704, Caspian C Hoehne and John L. Scott Medford (541) 779-3611, Ashley Lacer (541) 660-5111
Sold by eXp Realty, LLC, Jacob Rockwell

Listing agents

— 247 Lorraine Ave —

  • Caspian C Hoehne

    Merit Commercial RE, LLC

    541-608-6704

  • Ashley Lacer

    John L. Scott Medford

    541-779-3611

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 247 Lorraine Ave

School District:Eagle Point School District 9
NameGradesDistance
Eagle Point Middle School
477 Reese Creek Road, Eagle Point, OR 97524
6-81.2 mi
White Mountain Middle School
550 Wilson Way, White City, OR 97503
6-82.5 mi
Eagle Point High School
203 North Platt Avenue, Eagle Point, OR 97524
9-120.4 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 247 Lorraine Ave

Date
Details
Price
Change
Source
11/26/2025
Sold
$1,130,000
-7.76%
MLS
9/07/2025
Price Reduced
$1,225,000
-2%
MLS
8/15/2025
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Merit Commercial RE, LLC (541) 608-6704, Caspian C Hoehne and John L. Scott Medford (541) 779-3611, Ashley Lacer (541) 660-5111
Sold by eXp Realty, LLC, Jacob Rockwell

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1918 Bobcat Way, White City, OR 97503 - Photo 1 Just Listed
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1918 Bobcat Way  White City, OR 97503

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Price Reduced near 247 Lorraine Ave

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7915 Jacqueline Way, White City, OR 97503 - Photo 1 Price Reduced
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7915 Jacqueline Way  White City, OR 97503

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3220 Freeland Rd, Central Point, OR 97502 - Photo 1 Price Reduced
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Recent Sales near 247 Lorraine Ave

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2511 Alta Vista Rd, Eagle Point, OR 97524 - Photo 1 Sold
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2511 Alta Vista Rd  Eagle Point, OR 97524

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Listed by Cascade Hasson Sotheby's International Realty, Matthew W Cook and Cascade Hasson Sotheby's International Realty, Alan DeVries
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247 Lorraine Avenue, Eagle Point, OR 97524 (MLS# 220207774) is a Multi-Family property that was sold at $1,130,000 on November 26, 2025. Want to learn more about 247 Lorraine Avenue? Do you have questions about finding other Multi-Family real estate for sale in Eagle Point? You can browse all Eagle Point real estate or contact a Coldwell Banker agent to request more information.