Eagle Point, OR 97524,247 Lorraine AVE
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Eagle Point, OR 97524,247 Lorraine AVE
Eagle Point, OR 97524,247 Lorraine AVE
Eagle Point, OR 97524,247 Lorraine AVE
Eagle Point, OR 97524,247 Lorraine AVE

$1,130,000

Est. payment /mo

$1,225,000

7.8%
Est.Price: ?

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247 Lorraine AVE Eagle Point, OR 97524

5,240 SqFt

SOLD DATE : 11/26/2025

Key Details

Sold Price $1,130,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,240 sqft

Price per Sqft $215

MLS Listing ID 220207774

Style Traditional

Year Built 1977

Annual Tax Amount $6,085

Lot Size 0.550 Acres

Property Sub-Type Multi Family

Property Description

Exclusively presented for sale - 247 Lorraine Avenue - a clean, rare 8-unit apartment complex in Eagle Point, Oregon (the ''Property''). The Property presents an opportunity to step into established asset in a mature neighborhood, in a sub-market with limited competition and almost zero transactions of apartment complexes for years. The Property is sited on a flat, .55-acre landscaped lot, and consists of two, single-level fourplex buildings and (8) 1-bed / 1-bath efficient units. Once the single vacant unit is leased, the Property will produce nearly $10,000/month in gross income. Located in a quiet, mature area, the Property is close to multiple schools, parks, employers, and much more, and is an attractive opportunity to unlock significant value in beautiful Eagle Point - contact brokers for more info!

Location

State OR

County Jackson

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Exterior

Parking Features Asphalt, On Street, Parking Lot

Roof Type Composition

Building

Foundation Slab

Water Public

New Construction No

Schools

High Schools Eagle Point High

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Oregon Data Share
Listed by Merit Commercial RE, LLC
Jared Hambrook

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

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