Three condominiums in Grants Pass featuring 2BD/2BA townhome-style units, each 1,232 SF with an attached single-car garage. Built in 1986, each two-story unit has separate gas/electric meters. Stable occupancy with steady rental income, including partial HUD-supported rents. Professionally managed with HOA fees of $675 / month. Fees include water, sewer and garbage. Large open parking area in addition to single car garages. Maintenance and capital improvements in the past year include HVAC replacement, flooring, and appliance upgrades. Located near shopping, services, and commuter routes, this property offers reliable cash flow with room for operational optimization.
Closed
$400,000
47 SW Eastern Ave #5-6-7, Grants Pass, OR 97526
6beds
0baths
3,696sqft
Multi Family, Townhouse
Built in 1994
2,613.6 Square Feet Lot
$400,000 Zestimate®
$108/sqft
$2,739 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 17, 2025 at 08:38am
Listed by:
RE/MAX Platinum 541-734-5500
Bought with:
eXp Realty, LLC
Source: Oregon Datashare,MLS#: 220208121
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 0
- Full bathrooms: 4
Heating
- Electric, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Cooktop, Dishwasher, Oven, Range, Refrigerator, Water Heater
Features
- Walk-In Closet(s)
- Flooring: Carpet, Vinyl
- Windows: Aluminum Frames, Double Pane Windows
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,696
- Total interior livable area: 3,696 sqft
Property
Parking
- Parking features: Asphalt, Attached
- Has attached garage: Yes
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 2,613 sqft
Details
- Additional parcels included: R311551, R311552
- Parcel number: R311550
- Zoning description: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Contemporary,Northwest
- Property subtype: Multi Family, Townhouse
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Grants Pass
- Subdivision: Royal Oaks Estates
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $675 monthly
- Amenities included: Trash
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved