1. Oregon
  2. Grants Pass
  3. 7420 N Applegate Road
$975,000

7420 N Applegate Road, Grants Pass, OR 97527

  • 5 beds |
  • 3 baths |
  • 4,851 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon3.24acre lot
  • Property Parking Icon 6 car garage
  • Property Price Per Square Feet Icon $201/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

Income Opportunity! 3 homes included. Strong rental cash flow potential or multi-generational property or Airbnb. 3.24 acres with unbelievable mountain & river views. Just minutes away from the Applegate Valley Wine Trail and Grants Pass. The property includes a spacious main home, an updated second home, & a third home for income/guest. The main house is 3039 sq ft & features 5 bedrooms, 2.5 baths, with an abundance of living space & recent updates. The second home offers 1,398 sq ft with 3 beds and 2 baths, ideal for family or rental income. The property is well-maintained with newer roofs, 3 separate newer septics, a half-basement wine or canning cellar. Includes Peach, apple, & nectarine trees w/ water rights for 2 acres. Enjoy the large insulated/drywalled 36x40 shop. Projected Cap Rate of approximately 7.5%, Great for investors seeking solid returns in a desirable location. Buyers to do their own due diligence on cap rate and rental income. Schedule a tour today!

Listing Status:
Active
Date Added:
February 21, 2025 at 06:00AM
Listing Office:
Ford Real Estate : 541-773-2088
MLS ID:
220196150
  • General: Breakfast BarCeiling Fan(s)Double VanityGranite CountersPrimary DownstairsPantryWalk-In Closet(s)Linen ClosetShower/Tub ComboTile Shower
  • Appliances: CooktopDishwasherDisposalMicrowaveOvenRangeRefrigeratorWater Heater
  • Basement: Daylight
  • Flooring: CarpetLaminateVinyl
  • A/C: Central AirHeat PumpWhole House Fan
  • Heating: ElectricForced AirWood
  • Fireplace: Living RoomWood BurningFireplace
  • General: RV DumpGazeboGuest HouseRV/Boat StorageSecond GarageShed(s)StorageWorkshop
  • Style: Ranch
  • Other Structures: GazeboGuest HouseRV/Boat StorageSecond GarageShed(s)StorageWorkshop
  • Parking: AttachedDetachedDrivewayGravelRV Access/ParkingStorageWorkshop in Garage
  • Roofing: Composition
  • Windows: Double Pane WindowsVinyl Frames
  • General: BrickFrameOneConcrete Perimeter
  • Road/Access: Shared AccessEasement
  • County: Josephine
  • Zoning: R323342
  • View: ForestMountain(s)RiverValley
  • Water: PrivateWell
  • Sewer: Septic TankStandard Leach Field
  • Exclusions: Dryer

This listing courtesy of Ford Real Estate

Monthly Payment

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

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Location

Schools Nearby

M

Madrona Elementary School

520 Detrick Dr, Grants Pass, OR, 97527

Grades KG-5

2.56 miles away

L

Lincoln Savage Middle School

8551 New Hope Rd, Grants Pass, OR, 97527

Grades 6-8

0.87 miles away

H

Hidden Valley High School

651 Murphy Creek Rd, Grants Pass, OR, 97527

Grades 9-12

1.72 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.