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387 Tavis, 
Merlin, OR 97532

$1,999,999


Bed


Bath


10,236

Sq Ft


Multi-Family

Active

Listed by

Martin Outdoor Property Group

Alex Larson

Land Leader

Last updated:

April 30, 2025, 02:27 PM

MLS#

220168856

Source:

OR SOMLS

About This Home

387 Tavis

16-unit rental portfolio on just over 8 acres of property. Consisting of 16 lots with 10 homes owned by the seller & the remaining 6 homes are tenant-owned renting the space. The property has a current gross rent of approximately $155,000 per year and with some further improvement, has the potential for increasing that to over $200,000/year! Each lot is independent & a new owner could sell off separate lots to create a gain or to tailor the investment to their liking. Located in the heart of Merlin the neighborhood has access to abundant natural beauty & recreation with the world famous Rogue River right nearby - an attraction that draws thousands of travelers each summer who flock to Merlin for rafting & fishing. The Grants Pass city center is just under 9 miles from Tavis Drive providing a variety of dining options, shopping, entertainment, & plentiful health care options.

Home Facts

Multi-Family

Built in 1983

Price Summary

1,999,999

$195 per Sq. Ft.

MLS #:

220168856

Last Updated:

April 30, 2025, 02:27 PM

Added:

1 year(s) ago


Rooms & Interior

Interior

Living Area:

10,236 Sq. Ft.


Structure

Structure

Building Area:

10,236 Sq. Ft.

Year Built:

1983


Lot

Lot Size (Sq. Ft):

351,093


Finances & Disclosures

Finances

Price:

$1,999,999

Price per Sq. Ft:

$195 per Sq. Ft.

Source:OR SOMLS
The information being provided by Southern Oregon MLS/ Rogue Valley Association of REALTORS® is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Southern Oregon MLS/ Rogue Valley Association of REALTORS® All rights reserved.

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