701 Caves Highway, Cave Junction, OR 97523

Cave Junction
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
701 Caves Highway,Cave Junction, OR 97523
$299,000
  • - Beds
  • - Baths
  • 2,336 sq. ft.
  • Multi-family
  • Pending
Listed by: china rose
Office: exp realty, llc.
MLS#:220208860
Source:OR_SOMLS

Price summary

  • Price:$299,000
  • Price per sq. ft.:$128

About this home

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!

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Home facts

  • Year built:1977
  • Listing ID #:220208860
  • Added:244 day(s) ago
  • Updated:May 09, 2026 at 07:32 AM

Rooms and interior

  • Flooring:Vinyl
  • Kitchen Description:Oven, Refrigerator
  • Living area:2,336 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Roof:Composition
  • Year built:1977
  • Building area:2,336 sq. ft.
  • Lot area:2.48 Acres
  • Lot Features:Level
  • Construction Materials:Frame
  • Foundation Description:Block, Pillar/Post/Pier
  • Levels:1 Story

Schools

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

Utilities

  • Water:Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$299,000
  • Price per sq. ft.:$128
  • Tax amount:$1,887 (2024)

Features and amenities

  • Appliances:Oven, Refrigerator

Parking

  • Parking description:Driveway, Shared Driveway

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