1. Oregon
  2. Eagle Point
  3. 247 Lorraine Avenue
$1,250,000

247 Lorraine Avenue, Eagle Point, OR 97524

  • 5,240 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon0.55acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $239/sqft
  • Property List Date Icon Listed 1 day ago

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!

Listing Status:
Active
Date Added:
August 15, 2025 at 05:00AM
Listing Office:
Merit Commercial RE, LLC : 541-608-6704
MLS ID:
220207774
  • Flooring: CarpetVinyl
  • A/C: Wall/Window Unit(s)
  • Heating: Wall Furnace

This listing courtesy of Merit Commercial RE, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

H

Hillside Elementary School

185 Main St, Eagle Point, OR, 97524

Grades KG-5

0.60 miles away

E

Eagle Point Middle School

477 Reese Creek Rd, Eagle Point, OR, 97524

Grades 6-8

1.20 miles away

E

Eagle Point High School

203 N Platt Ave, Eagle Point, OR, 97524

Grades 9-12

0.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.