# 701 Caves Highway, Cave Junction, OR 97523

> **TL;DR:** residential multi family, $295,900 ($127/sqft), built 1977, 2,336 sqft. Est. $1,282/mo. Listed 268 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $295,900 |
| Price/sqft | $127 |
| Square Feet | 2,336 |
| Year Built | 1977 |
| Lot Size | 108,029 sqft (2.48 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 268 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,282 |
| **Total** | **$1,282** |

## Nearby Schools

- **Elementary:** Evergreen Elem
- **Middle:** Lorna Byrne Middle
- **High:** Illinois Valley High

## Property Highlights

- Built in 1977
- 2.48 acre lot

## Description

### Agent Description
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!

## Location

- **Address:** 701 Caves Highway, Cave Junction, OR 97523
- **County:** Josephine
- **Neighborhood:** Josephine Addition To Grants Pass
- **Coordinates:** 42.158335, -123.635055
- **Google Maps:** https://www.google.com/maps?q=42.158335,-123.635055

## Listing Agent

- **Name:** China Rose
- **Brokerage:** eXp Realty, LLC
- **Phone:** (888) 814-9613
- **Email:** topbrokerrose@gmail.com

## Primary Photo

![701 Caves Highway - Primary Photo](http://lh.rdcpix.com/80af50f2e488d8d8ade33a94e256bd4el-f143151306r.jpg)

*32 total photos available on [listing page](https://www.propertysimple.com/listing/701-caves-highway-cave-junction-or-97523-20208860)*

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**MLS#:** 220208860 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/701-caves-highway-cave-junction-or-97523-20208860)

---

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