Movoto Real Estate
Sold on 11/26/2025
  • View/Area
  • Exterior
  • Other
  • Living
  • Dining
  • Kitchen
  • Bath
  • Bedroom
  • Entry Way

247 Lorraine Ave, Eagle Point, OR 97524

  • $1,130,000

    Last sold 11/26/2025 after 103 Days

  • bed

  • bath

  • 5,240

    Sqft ($216/Sqft)

Multi-family not for sale
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About 247 Lorraine Ave

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Lot size 0.55 Acre
Movoto estimate
Rental estimate
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!
Listed by
Listing Agent - Caspian C Hoehne
Listing Office - Merit Commercial RE, LLC
Source: Central Oregon Association of Realtors MLS - COAR mls logo
MLS#220207774 • last updated 6 months ago
Movoto checked Central Oregon Association of Realtors MLS - COAR for data 6 minutes ago
Overview
Cooling/AC Wall/Window Unit(s)
Heating Wall Furnace
Levels/Style One, Traditional
MLS # 220207774
SubType Multi Family
SqFt 5240
Status Closed
Lot Size (Acres) 0.55
Lot Size (SqFt) 23958
Property Tax 6085.1
Year Built 1977
Interior
Flooring Carpet, Vinyl
Exterior
Roof Composition
Foundation Slab
Parking Asphalt, On Street, Parking Lot
Amenities / Utilities
Water Source Public
Location
Elementary School Hillside Elem
Middle School Eagle Point Middle
High School Eagle Point High
APN 10571874
Zoning R-3
Multifamily Details
Total # of Units 8
$1.14M
Range: $1.02M-$1.25M
Last 30 days 
Rental est.: $2,198/month
Gross rent multiplier: 46.5
  • Nov 2025
    mls logo MLS # 220207774
  • Nov 26, 2025 Sold
    $1,130,000 (-7.8%)
  • Sep 24, 2025 Pending
  • Sep 7, 2025 Price Change
    $1,225,000 (-2.0%)
  • Aug 15, 2025 Listed
    $1,250,000
  • 247 Lorraine Ave
    $1.13M
  • N/a
  • 97524
    $550K 0% y/y
  • Eagle Point
    $550K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
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5/10
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • OR
  • Jackson County
  • Eagle Point
  • 97524
  • 247 Lorraine Ave
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