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Gateway Real Estate
247 Lorraine Avenue, Eagle Point, OR 97524
- $1,130,000
- Sold Price
- $1,130,000
- List Price
- $1,225,000
- Closing Date
- Nov 26, 2025
- MLS#
- 220207774
- Status
- CLOSED
- City
- Eagle Point
- County
- Jackson
- Year Built
- 1977
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!
Additional Information
- Taxes
- $6,085
- Acres
- 0.55
- Water
- Public
- Heating
- Wall Furnace
- Foundation
- Slab
- Flooring
- Carpet, Vinyl
- Elementary School
- Hillside Elem
- Middle School
- Eagle Point Middle
- High School
- Eagle Point High
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Listing courtesy of Merit Commercial RE, LLC. Selling Office: eXp Realty, LLC.
The content relating to real estate for sale on this website comes in part form the MLS of Central Oregon. Real Estate listings held by Brokerages other than Gateway Real Estate 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). This content was last updated on . Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit not redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).