Prime Investment Opportunity in Grants Pass
Located in a highly desirable area. This property represents an exceptional income-generating opportunity with room for expansion. With .31 acres of land, city regulations allow for an additional unit to be built—offering even more potential for increased rental income. The existing tenant takes great care of their unit, ensuring a well-maintained property. The lower unit stands out with its modern updates, including newer cabinetry, sleek granite countertops, and durable laminate flooring, creating a stylish yet practical living space. With strong rental appeal, a sought-after location, and future development possibilities, this property is a fantastic investment in the heart of Grants Pass.
Closed
$335,000
601 Sunset Way, Grants Pass, OR 97527
4beds
0baths
2,300sqft
Multi Family
Built in 1946
-- sqft lot
$332,400 Zestimate®
$146/sqft
$1,390 Estimated rent
Home value
$332,400
$293,000 - $379,000
$1,390/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 19, 2025 at 12:50pm
Listed by:
Save Big Realty 541-708-3898
Bought with:
eXp Realty, LLC
Source: Oregon Datashare,MLS#: 220203644
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 0
- Full bathrooms: 2
Heating
- Heat Pump, Wood
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Flooring: Concrete, Vinyl
- Has fireplace: Yes
- Fireplace features: Wood Burning
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,300
- Total interior livable area: 2,300 sqft
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.31 Acres
Details
- Parcel number: R314313
- Zoning description: R-2; Res Mod Density
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Grants Pass
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2025 | Sold | $335,000-2.9%$146/sqft |
Source:  Oregon Datashare #220203644 | ||
| 7/3/2025 | Pending sale | $345,000$150/sqft |
Source: Oregon Datashare #220203644 | ||
| 6/10/2025 | Listed for sale | $345,000-2.5%$150/sqft |
Source: Oregon Datashare #220203644 | ||
| 6/10/2025 | Listing removed | $354,000$154/sqft |
Source: Oregon Datashare #220199642 | ||
| 5/15/2025 | Price change | $354,000-1.4%$154/sqft |
Source: Oregon Datashare #220199642 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,583 +3% | $118,320 +3% |
| 2023 | $1,537 +2.6% | $114,880 |
| 2022 | $1,498 +6.3% | $114,880 +6.1% |
Find assessor info on the county website
Neighborhood: 97527
Nearby schools
GreatSchools rating
- 7/10Riverside Elementary SchoolGrades: K-5Distance: 1.2 mi
- 8/10South Middle SchoolGrades: 6-8Distance: 0.9 mi
- 8/10Grants Pass High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Riverside Elem
- Middle: South Middle
- High: Grants Pass High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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