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2119 Williams Hwy - 2131 Williams Highway, Grants Pass, OR 4.47 Acres of Residential Land Offered at $1,410,700 CAD in Grants Pass, OR 97527



Investment Highlights
- 4.47 acres across three contiguous tax lots at $223,714/acre — roughly 40 cents on the dollar of the entitled asking benchmark next door.
- ±16–19 lots by right under today's R-1-8, with middle-housing and PUD programs at up to twice that scale — no rezone required.
- No market-rate 40+ door attached project is vertical anywhere in Grants Pass; the competitive pipeline is still unbuilt land.
- $16,200/year in verified month-to-month rental income carries the hold while the density work proceeds.
- Adjacent 46-unit entitlement — proves this corridor entitles density, including on the subject's own zoning.
- Grants Pass housing market is tightening fast — 3.9 months of supply (-38.6% YoY), 18-day median DOM, and a $490K new-construction median anchoring th
Executive Summary
Two existing homes produce $16,200/year in verified month-to-month rent under ORS 90.427, with $1,300 in deposits transferring at close — a carry offset by design, with vacant possession available on standard notice when the development timeline calls for it.
The value path is layered, not binary. Income is in place from day one. Today's R-1-8 zoning supports a ±16–19-lot by-right subdivision through standard land division. Oregon's middle-housing law (HB 2001) and City PUD procedures open duplex, townhome, and cottage-cluster programs at up to roughly twice that scale — no rezone required. And an R-4 rezone would open an illustrative ~57-unit multi-family program, derived by applying the adjacent parcel's achieved blended density of 12.81 units/acre to the East Parcel's larger footprint. The adjacent West Parcel's completed 46-unit entitlement — 21 townhomes and 25 homes, same ownership family, same engineer of record, achieved under its existing R-4 and R-1-8 zoning — is the live precedent that this corridor entitles density, including on the zoning the East Parcel holds today. R-4 districts are already seated along Williams Hwy and W. Harbeck Rd to the north, and the City-initiated Allen Creek Road Rezone is actively raising density nearby.
The timing favors the density work. We have identified no market-rate, 40+ door attached project in vertical construction anywhere in Grants Pass — every potentially competing site, including the entitled parcel next door, is still unbuilt land, and the 251-unit affordable pipeline serves 60% AMI and below, a different lane that doesn't absorb market-rate demand. Underneath: 3.9 months of supply (down 38.6% YoY), pending sales up 45.2%, an 18-day median DOM — the fastest in Josephine County — and a $490K median for new construction anchoring the finished-product price.
Transaction: single LLC seller, one signature authority under fully-executed member consent — one clean close, no multi-party approval gauntlet. Title opened with Ticor Title Southern Oregon. Diligence 30–60 days (negotiable); close 30–45 days post-diligence; cash or conventional. Offers in writing through the listing brokers with proof of funds or financing pre-qualification; buyer-side cooperation evaluated case-by-case per offer at the seller's direction.
No land-use application is filed or approved for the East Parcel; the rezone is not entitled or assured. All development figures and unit counts are illustrative — buyer to verify zoning, entitlement feasibility, and utilities with the City of Grants Pass. Boundaries approximate per county GIS; buyer to verify by survey.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $1,410,700 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 4.47 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | R4-2 - R-1-8 Single-Family Residential (8,000 SF min lot). ±16–19 lots by right; middle housing w/o rezone; R-4 rezone upside — not entitled or assured. | ||
| Price | $1,410,700 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 4.47 AC |
| No. Stories | 1 |
| Zoning | R4-2 - R-1-8 Single-Family Residential (8,000 SF min lot). ±16–19 lots by right; middle housing w/o rezone; R-4 rezone upside — not entitled or assured. |
1 Lot Available
Lot
| Price | $1,410,700 CAD | Lot Size | 4.47 AC |
| Price Per AC | $315,592.83 CAD |
| Price | $1,410,700 CAD |
| Price Per AC | $315,592.83 CAD |
| Lot Size | 4.47 AC |
4.47-acre, three-tax-lot assemblage with continuous Williams Hwy frontage. R-1-8 today with ±16–19 lots by right; R-4 rezone upside. $16,200/yr in-place rent carries the hold. Entitled 46-unit benchmark adjacent. Priced as land: $223,714/acre.
Description
The Williams Highway East Parcel is a contiguous assemblage of three Josephine County tax lots totaling 4.47 acres with continuous frontage on Williams Highway, the primary residential spine connecting south Grants Pass to the Williams/Murphy growth area (Assessor Map 360530BD). The assemblage comprises a 3.07-acre lot at 2131 Williams Hwy improved with a leased single-family home and barn (R316942); a 0.38-acre lot at 2119 Williams Hwy improved with a leased 1935-built 1BR/1BA dwelling of approximately 392 SF (R337867); and a 1.02-acre open lot (R316941, improvement status being confirmed with title). Beyond the two homesites, the ground is open, developable meadow running from the highway frontage to a treed boundary — the site sits on the flat corridor bench, with foothill contours beginning east of the property. NRCS mapping places the assemblage among Clawson, Barron, and Holland sandy loam units at 2–7 percent slopes. The corridor context is the asset's real story. Williams Highway is an established south-side arterial that already carries the rooftops, schools, and daily-needs retail a residential community wants around it — settled corridor, services in the street, and finite developable land inside the urban growth boundary. The corridor has seen sustained subdivision and multi-family activity, including the fully entitled 46-unit community immediately adjacent, and R-4 zoning is already seated along Williams Hwy and W. Harbeck Rd to the north. Existing homes are served by well; municipal water, sewer, and corridor utilities are present in the immediate area, with connection points and capacity to be confirmed in diligence. Frontage access is subject to ODOT limited-access provisions of record; approach configuration to be verified with ODOT and the City. Grants Pass is the county seat and dominant population center of Josephine County — roughly 40,000 residents in the city, 88,000 countywide — sitting on I-5 almost exactly halfway between San Francisco and Portland, where US-199, Southern Oregon's only route to the coast, meets the interstate. The economy is anchored by healthcare (Asante Three Rivers Medical Center, a 125-bed acute-care hospital among the county's largest employers), education (Rogue Community College), and a year-round tourism and outdoor-recreation base on the Rogue River — a diversified small-metro payroll that holds population through cycles. Growth runs on steady net in-migration: households selling out of higher-cost West Coast metros and buying here for cost and quality of life, skewing equity-rich and ownership-minded. The subject's ZIP (97527) reflects exactly that profile: 72.8% owner-occupancy, a $481,099 median home value, a median age of 48.4, and household incomes above both city and county medians and forecast to keep climbing — while the renter base shrinks as families convert to ownership (Esri 2025). Against that demand, supply barely moves: housing stock grew just 3.7% in fourteen years, and the local for-sale inventory is overwhelmingly aging detached homes with a thin, dated attached segment. New, attainably priced corridor housing sits precisely where that demand and that supply gap meet — and this is 4.47 acres of the corridor best positioned to deliver it. The offering fits four buyer profiles naturally: the merchant developer who entitles and resells the shovel-ready site; the multi-family builder who delivers the community; the patient land banker who lets in-place rent offset carry while holding the optionality; and the adjacency buyer already working this corridor who wants control of the contiguous land next door and the planning leverage of assembling both sides. Acreage, lot lines, and all site characteristics per county assessor and third-party mapping; buyer to verify by survey and independent diligence.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $633,179 CAD |
Property Taxes
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2119 Williams Hwy - 2131 Williams Highway, Grants Pass, OR
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