Price cut $25K
$294,500
0.37 AC · Land
329 Caves Highway
Cave Junction, OR 97523
#220194169 01 / 32
For sale Price cut $3K on May 26
$295,900
701 Caves Highway
Cave Junction, OR 97523 · Josephine Addition To Grants Pass
- Baths
- 0
- Acres
- 2.48
- Built
- 1977
Est. $1,764/mo~268 min to downtown Bend (approx.)
Listing by eXp Realty, LLC · 888-814-9613
MLS# 220208860 · Active
01
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 4 income-producing units. 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!
02
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03
Price history
Cut $3K| Date | Event | Price |
|---|---|---|
| May 26, 2026 | Price cut−$3,100 (1.0%) | $295,900 |
| May 26, 2026 | Listed for sale | $299,000 |
From the MLS: original list price and latest price change. 133 days on market.
04
Drive times
~268 min to downtown Bend- Mt. Bachelor~244 min · 207.5 mi
- Sunriver Village~248 min · 211.4 mi
- Old Mill District~267 min · 227.7 mi
- Downtown Bend~268 min · 228.6 mi
- St. Charles Bend~271 min · 231.6 mi
- Sisters~275 min · 235.2 mi
- Redmond Airport (RDM)~291 min · 248.8 mi
- Smith Rock State Park~300 min · 256.8 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1977- Type
- Quadruplex
- Year built
- 1977
- Stories
- 1
- Lot
- 2.48 AC · 108,029 SF
- HOA
- None reported
- Taxes
- $1,887/yr
- Subdivision
- Josephine Addition To Grants Pass
- County
- Josephine
- Days on market
- 133
- MLS #
- 220208860
- Appliances
- Oven · Refrigerator
- Flooring
- Vinyl
- Heating
- Electric
- Parking
- Driveway · Shared Driveway
- Lot
- Level
- Construction
- Frame
- Roof
- Composition
06
Location & schools
Josephine Addition To Grants Pass42.1583° N · 123.6351° W
Directions- Elementary
- Evergreen Elem
- Middle
- Lorna Byrne Middle
- High
- Illinois Valley High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$1,764/mo$1,764/mo
$236,720 loan · 30 yr fixed · 6.5%
- Principal & interest
- $1,496
- Property tax (listing)
- $157
- Home insurance (est.)
- $111
20% · $59,180
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220225661Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 2:01 PM.
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