Description
Investor Opportunity! This 8-unit apartment building is only 2 miles from the University of Oregon campus and boasts a 6.13% cap rate on current income. All units are 2-bed/1-bath, 648 sqft. Amenities include on-site laundry, 10 parking spots and shared balconies. Recent upgrades include new exterior paint, new flooring, new cabinets and updated bathrooms in select units. A new owner could recapture $4,800/year by implementing utility bill-backs. Don't miss out on this opportunity!
Details
| MLS # | 189796170 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1968 |
| Days On Site | 596 |
| Listing Provided By | Bridge Creek Realty | Ian Crist |
Features
| Story(s) | 2 |
|---|---|
| Units | 8 |
| Zoning | MF |
| Acreage | 0.22 |
Interior
| Heating | Baseboard |
|---|---|
| Heating Yn | Yes |
| Cooling Yn | No |
Parking
| Attached Garage Yn | No |
|---|
Taxes
| Property | 9351 |
|---|
Area Information
| State | OR |
|---|---|
| County | Lane |
| City | Eugene |
| Zip Code | 97402 |
| School District | Kelly |
| Listing VS Median (in 97402) | |
Price: $1,300,000 low | high Med: $399,900 On site: 596 low | high Med: 73 | |
Market Activity 97402
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Learn More About This Property
| State | OR |
|---|---|
| County | Lane |
| City | Eugene |
| Zip Code | 97402 |
| School District | Kelly |
| Listing VS Median (in 97402) | |
Price: $1,300,000 low | high Med: $399,900 On site: 596 low | high Med: 73 | |
Nearby Listings (Within 1/10 mile)
Price: $975K - $1.625M
sqft: 0 - 0
 | $799,000527 Monroe StEugene, OR 97402 |
 | $1,195,000944 W 5th AveEugene, OR 97402 |
Listing Updated: September 2, 2026 at 6:35:29 AM PDT