228 W River Street, Cave Junction, OR 97523
N/A · Josephine County
Key Facts
Description
Investment opportunity in prime location. Discover the potential in this duplex property situated on a spacious .32 acre level lot with a large open yard offering ample outdoor space. With a total of 1248 square feet, this duplex features two separate 2 bedroom, 1 bath units, each with its own unique advantages. Ideal for investors looking to expand their portfolio. The first unit offers approximately 624 sq ft of living space and includes a cozy enclosed back porch providing additional storage or relaxation space. The second unit, also approximately 624 sq ft features an enclosed carport with washer and dryer hookups, adding convenience and increased rental appeal. Both units have long-term tenants, presenting an immediate income stream. While the property would benefit from updating, it holds strong potential for value-add improvements and increased returns. Located close to local amenities and positioned in a desirable rental area.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
House
Year Built
1946
Living Area
13,939 sq ft
Lot Size
0.32 acres
MLS® Listing#
220224809
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Patio
Lot Features
Construction
Foundation
Roof
Security
Other Structures
Sewer
Water Source
Schools
- Elementary:
- Evergreen Elem
- Middle:
- Lorna Byrne Middle
- High:
- Illinois Valley High
Financial Details
HOA
None
Annual Taxes
$1,131
Tax year 2025
Parcel Number
R329721
Affordability Calculator
$35,000
Estimated monthly payment
$931/mo
Principal $140,000 · Est. interest $195,312 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cave Junction, OR
- $334,043
- Median Listing Price
- 141
- Median Days on Market
- 1,514
- Median Sq Ft
- $239
- Median Price / Sq Ft
- 99
- Active Listings
- This home’s price is 48% below the area median.
- Its price per sq ft is 95% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cave Junction, OR.
Location
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Points of Interest in Cave Junction, OR
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 561 E Forks Circle, Cave Junction, OR | $135,000 | — | — | — |
| 0 French Peak Road 405, Cave Junction, OR | $135,000 | — | — | — |
| 234 Lurline Lane, Cave Junction, OR | $139,900 | — | — | — |
| 126 S Kerby Avenue, Cave Junction, OR | $140,000 | 2 | 1 | 832 |
| 305 Floyd Lane, Cave Junction, OR | $140,000 | — | — | — |
| 1940 White School House Road, Cave Junction, OR | $145,000 | 2 | 1 | 1,039 |
Moving Cost Estimate
EXIT Agents in Cave Junction
Listing Courtesy: Illinois Valley Real Estate - 5415924464
Last Updated: 2026-07-07