Merlin OR Multi Family for Sale
$1,999,999
387 Tavis Drive Merlin, OR 97532
- Type:
- Other
- Sq.Ft.:
- 10,236
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.06 Acres
- Year built:
- 1983
- Baths:
- MLS#:
- 220168856
- Subdivision:
- N/A
View additional info
Courtesy: LandLeader
866-559-3478
ADDITIONAL INFORMATION
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 potential for gross income of 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.
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| The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Xome Inc. are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO). |
Merlin Real Estate
The median home value in Merlin, OR is $425,000. This is higher than the county median home value of $380,300. The national median home value is $338,100. The average price of homes sold in Merlin, OR is $425,000. Approximately 83.85% of Merlin homes are owned, compared to 16.15% rented, while 0% are vacant. Merlin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Merlin real estate agent to arrange a tour today!
Merlin, Oregon has a population of 1,767. Merlin is more family-centric than the surrounding county with 25.52% of the households containing married families with children. The county average for households married with children is 25.08%.
The median household income in Merlin, Oregon is $61,613. The median household income for the surrounding county is $51,733 compared to the national median of $69,021. The median age of people living in Merlin is 54.9 years.
Merlin Weather
The average high temperature in July is 90.5 degrees, with an average low temperature in January of 34 degrees. The average rainfall is approximately 29.9 inches per year, with 2.4 inches of snow per year.