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247 Lorraine Avenue

Eagle Point, OR 97524
  • $1,130,000
  • STATUS: Closed
  • ON SITE: 366 Days
  • MLS #: 220207774
Sold - 11/26/2025
$1,130,000
SOLD - 11/26/2025
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1977
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Merit Commercial RE, LLC :.

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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Central Oregon Association of Realtors logo © 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Arends Realty Group | Ponderosa Properties, LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Arends Realty Group | Ponderosa Properties, LLC. Data last updated: .2026-08-17T20:43:45.663
www.arendsrealtygroup.com/homes/166954202
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247 Lorraine Avenue Eagle Point, OR 97524

  • Price: $1,225,000
  • Status: Closed
  • On Site: 366 Days
  • Updated: 49 min ago
  • MLS #: 220207774
0
Beds
0
Baths
0
½ Baths
0.55
Acres
1977
Built
Neighborhood:
N/A
County:
Jackson
Area:
Eagle Point
Elementary School:
Hillside Elem
Middle School:
Eagle Point Middle
High School:
Eagle Point High
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!
Exterior Features

Architectural Style Traditional Attached Garage YN No Construction Materials [] Exterior Features [] Foundation Details Slab Lot Features [] Parking Features AsphaltOn StreetParking Lot Roof Composition Window Features []

Interior Features

Appliances [] Basement [] Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features [] Flooring CarpetVinyl Heating Wall Furnace Heating YN Yes Interior Features [] Levels One

Property Features

5 Or More Units Yes Accessibility Features [] Additional Parcels YN No Association Amenities [] Association YN No Building Area Total 5240 CCRs YN Yes Common Walls 2+ Common Walls Community Features [] Listing Terms CashConventional New Construction YN No Other Structures [] Property Sub Type Multi Family Road Frontage Type [] Road Surface Type [] Security Features [] Sewer Public Sewer Short Term Rental Permit YN No Special Listing Conditions Standard Tax Annual Amount 6085.1 Tax Year 2024 View [] Water Source Public Waterfront Features [] Zoning Description R-3

Listing information © 2026 MLS of Central Oregon
Listing provided courtesy of Merit Commercial RE, LLC :.

Central Oregon Association of Realtors logo © 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Arends Realty Group | Ponderosa Properties, LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Arends Realty Group | Ponderosa Properties, LLC. Data last updated: .2026-08-17T20:43:45.663
 
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Arends Realty Group | Ponderosa Properties, LLC
178 S Elm St Suite 102/103
Sisters OR, 97759
Listing provided courtesy of Merit Commercial RE, LLC :.