About 701 Caves Highway
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!
Features of 701 Caves Highway
| MLS® # | 220208860 |
|---|---|
| Price | $295,900 |
| Acres | 2.48 |
| Year Built | 1977 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 701 Caves Highway |
|---|---|
| Subdivision | Josephine Addition To Grants Pass |
| City | Cave Junction |
| County | Josephine |
| State | OR |
| Zip Code | 97523 |
Amenities
| Parking | Driveway, Shared Driveway |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Oven, Refrigerator |
|---|---|
| Heating | Electric |
| Cooling | None |
| Fireplace | No |
| Stories | One |
Exterior
| Lot Description | Level |
|---|---|
| Roof | Composition |
| Construction | Frame |
| Foundation | Block, Pillar/Post/Pier |
School Information
| Elementary | Evergreen Elem |
|---|---|
| Middle | Lorna Byrne Middle |
| High | Illinois Valley High |
Additional Information
| Date Listed | September 6th, 2025 |
|---|---|
| Days on Market | 127 |
| Zoning | Rr5; Rural Res 5 Ac |
Listing Details
| Office | eXp Realty, LLC |
|---|