$2,410,000

1230 W 7th Ave Eugene, OR 97402

Jefferson Westside Neighborhood

Estimated payment $13,173/month

Total Views 7,285
3 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.39 Acre Lot
  • Heating unit installed on the ceiling
  • Wood Siding
  • Security Gate

About This Home

Fully leased and Professionally Managed Apartment Community on .39 Acres.Recent capital improvements by owner, including: security gates, 2nd Floor railings, exterior paint, and new membrane roofs on both buildings. 5.7% cap rate on actual income and expense, 6.4% Cap rate on current turnover rent. DO NOT DISTURB RESIDENTS

Listing Agent

Darren Stone

Jennings Group Inc License #201006104 Listed on: 10/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,996

Year Built

  • Built in 1968

Lot Details

  • 0.39 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Membrane Roofing
  • Wood Siding
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Security Gate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Schools

  • Cesar Chavez Elementary School
  • Arts & Tech Middle School
  • Churchill High School

Utilities

  • No Cooling
  • Heating unit installed on the ceiling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0473510

Community Details

Overview

  • 16 Units

Building Details

  • Operating Expense $61,006
  • Gross Income $198,782
  • Net Operating Income $137,776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,996

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1968
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 2410000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 3
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • View: No
  • Roof: Membrane

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityGate
  • Cooling Y N: No
  • Heating: Ceiling
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Cesar Chavez
  • High School: Churchill
  • Middle Or Junior School: Arts & Tech

Lot Info

  • Zoning: C-2
  • Lot Size Acres: 0.39
  • Lot Size Sq Ft: 16988.0
  • Parcel #: 0473510

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 6995.67

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 16
  • Gross Rent Multiplier: 12.12
  • Annual Gross Income: 198782.0
  • Property Net Operating Income: 137776.0
  • Annual Operating Expense: 61006.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2025 10/02/25 For Sale $2,410,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 472695265

Regional Multiple Listing Service (RMLS)
Oregon Lane County Eugene 97402 Jefferson Westside

1230 W 7th Ave, Eugene, OR

For Sale

MultiFamily

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Darren Stone
Listing Agent
Darren Stone
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Jennings Group Inc
(458) 251-4846