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!
Active
Price cut: $5K (7/9)
$995,000
7420 N Applegate Rd, Grants Pass, OR 97527
5beds
3baths
4,851sqft
Est.:
Single Family Residence
Built in 1970
3.24 Acres Lot
$963,900 Zestimate®
$205/sqft
$-- HOA
What's special
Abundance of living spaceRecent updatesWine or canning cellarUpdated second homeSpacious main homeNewer roofs
- 174 days
- on Zillow |
- 478 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 05:04pm
Listed by:
Ford Real Estate 541-773-2088
Source: Oregon Datashare,MLS#: 220196150

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Fireplace(s), Electric, Forced Air, Wood
Cooling
- Central Air, Heat Pump, Whole House Fan
Appliances
- Included: Cooktop, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater
Features
- Breakfast Bar, Ceiling Fan(s), Double Vanity, Granite Counters, Linen Closet, Pantry, Primary Downstairs, Shower/Tub Combo, Tile Shower, Walk-In Closet(s)
- Flooring: Carpet, Laminate, Vinyl
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Daylight
- Has fireplace: Yes
- Fireplace features: Living Room, Wood Burning
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,039
- Total interior livable area: 4,851 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached, Detached, Driveway, Gravel, RV Access/Parking, Storage, Workshop in Garage
- Attached garage spaces: 6
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Front Porch, Patio
- Exterior features: RV Dump
- Has view: Yes
- View description: Forest, Mountain(s), River, Valley
- Has water view: Yes
- Water view: River
- Waterfront features: River Front
Lot
- Size: 3.24 Acres
- Features: Adjoins Public Lands, Drip System, Garden, Landscaped, Level, Sprinklers In Front, Wooded
Details
- Additional structures: Gazebo, Guest House, RV/Boat Storage, Second Garage, Shed(s), Storage, Workshop
- Parcel number: R323342
- Zoning description: Rr5
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick, Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Septic Tank, Standard Leach Field
- Water: Private, Well
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Grants Pass
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $657,570
- Annual tax amount: $3,017
- Date on market: 2/21/2025
- Listing terms: Cash,Conventional,FHA
- Inclusions: Refrigerator, Swing Set, Oven
- Exclusions: Dryer
- Has irrigation water rights: Yes
- Acres allowed for irrigation: 2
- Road surface type: Gravel, Paved
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