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541-326-6596
STEVE THOMAS GROUP
247 Lorraine Avenue, Eagle Point, OR 97524
- $1,130,000
Listing courtesy of Merit Commercial RE, LLC. Selling Office: .
- Sold Price
- $1,130,000
- List Price
- $1,225,000
- Closing Date
- Nov 26, 2025
- Status
- CLOSED
- MLS#
- 220207774
- Acres
- 0.55
- Lot Size
- 23,958
- Year Built
- 1977
- subdivision
- N/A
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!
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Additional Information
- Style
- Traditional
- Stories
- One
- Foundation
- Slab
- Roof
- Composition
- Flooring
- Carpet, Vinyl
- Cooling
- Wall/Window Unit(s)
- Heating
- Wall Furnace
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Hillside Elem
- Middle School
- Eagle Point Middle
- High School
- Eagle Point High
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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Listing content is copyright © 2018 SOMLS, Medford, Oregon. Last updated: