Listed by: Martin Outdoor Property Group · John L. Scott Medford
- — beds
- 0 baths
- — sqft
387 Tavis Drive, Merlin, OR 97532
- Multi FamilyHome type
- Built in 1983Year built
- 8.06 acresLot
- NoneHOA
About this home
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.
Facts & features
Interior
- Bathrooms
- 0
- Levels
- One
Heating & cooling
- Other
- Other
Flooring
- Other
Property
- Lot size
- 8.06 acres
- Subdivision
- N/A
Parking
- Detached
- Driveway
Construction
- Home type
- Multi Family
- Property type
- Residential Income
- Year built
- 1983
Materials
- Composition roof
- Metal roof
Utilities
Sewer & water
- Capping Fill
- Sand Filter
- Septic Tank
- Other
- Shared Well water
- Other water
Community & HOA
- Subdivision
- N/A
- HOA dues
- None
- County
- Josephine
Financial & listing details
- List price
- $1,850,000
- Original list price
- $2,200,000
- Annual property tax
- $7,639
- Date on market
- May 29, 2026
- Days on market
- 0
- MLS#
- 220168856
Price & status history
| Date | Event | Price |
|---|---|---|
| Oct 20, 2026 | Active | — |
| May 29, 2026 | Listed for sale | $2,200,000 |
Neighborhood
- SubdivisionN/A
- CityMerlin, OR 97532
- CountyJosephine
Payment calculator
Estimated monthly payment
$10,377/mo
- Principal & interest$9,355
- Property taxes$637
- Homeowners insurance$385
- HOA dues$0
Loan amount $1,480,000 · 30-year fixed at 6.5%
An estimate for planning, not a loan offer. The 6.5% rate is an example; ask a lender for today’s rate. Taxes use the listing’s annual tax amount. Insurance is estimated; mortgage insurance is not included.
Similar homes
Price cut$1,599,0004 bds|4 ba|3,395 sqft - House for sale2440 Hugo Road, Merlin, OR 97532Listing provided by Windermere Real Estate Southern Oregon · MLSCO
Virtual tour$1,525,0003 bds|4 ba|4,112 sqft - House for sale200 Brookstone Hills Drive, Grants Pass, OR 97526Listing provided by John L Scott Real Estate Grants Pass · MLSCO
Price cut$1,440,0006 bds|6 ba|3,384 sqft - House for sale555 Ewe Creek Road, Grants Pass, OR 97526Listing provided by Beyond Real Estate Brokers · MLSCO
Virtual tour$1,399,0004 bds|3.5 ba|3,523 sqft - House for sale710 Debrick Way, Grants Pass, OR 97526Listing provided by eXp Realty, LLC · MLSCO
Price cut$1,375,0006 bds|3.5 ba|8,408 sqft - House for sale9011 Monument Drive, Grants Pass, OR 97526Listing provided by eXp Realty, LLC · MLSCO
Price cut$1,369,0004 bds|5 ba|4,596 sqft - House for sale701 Serenity Lane, Grants Pass, OR 97526Listing provided by RE/MAX Integrity Grants Pass · MLSCO
Listing provided by John L. Scott Medford · Listing agent: Martin Outdoor Property Group
- Source
- MLS of Central Oregon
- MLS#
- 220168856
- Last updated
- Oct 20, 2026 at 12:44 PM
Listing information is deemed reliable but not guaranteed and should be independently verified. Listings shown are for demonstration while our MLS of Central Oregon IDX feed is being set up.