NOT LISTED FOR SALE

1370 High St Eugene, OR 97401

10 Beds
10 Baths
5,988 Sq Ft
1960 Built

Last Sold July 31, 2024

Last sale price $1,665,000 $278 Per Sq Ft

166 Days on Market

Highlights

  • Security Gate
  • Laundry Facilities
  • No Heating
  • Edison Elementary School Rated A-
  • Controlled Entrance

About This Home

As of July 2024

Rare opportunity to acquire a fully leased 10 unit apartment building in midtown Eugene close to the University. Strong in place cash flow. A majority of the units have had various updates performed including new LVP flooring, bathroom and kitchen improvements, updated heating, and fresh paint. Each unit comes with its own parking space and either a private deck or patio. The exterior of the building has a new 2nd floor Trex walkway, newer staircase access and security upgrades throughout the property including entry gates, a locked trash area and a secure onsite laundry room.

Last Agent to Sell the Property

Jesse Elconin

Duo Property Group, LLC License #201228316 Listed on: 01/04/2024

Duo Property Group, LLC

Last Buyer's Agent

Scott Hartzell

Wonderland Realty LLC License #200311075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,688

Year Built

  • Built in 1960 | Remodeled

Interior Spaces

  • 5,988 Sq Ft Home
  • 2-Story Property

Home Security

  • Security Lights
  • Security Gate

Parking

  • 10 Parking Spaces
  • Paved Parking
  • Assigned Parking
  • Controlled Entrance

Schools

  • Edison Elementary School
  • Roosevelt Middle School
  • South Eugene High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 0274934

Community Details

Overview

  • 10 Units
  • Property managed by Duo Property Group, LLC

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $36,096
  • Gross Income $146,940
  • Net Operating Income $105,374

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,688

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1960
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 1665000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: None
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Lot Size: 7,000 to 9,999 SqFt
  • View: No

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No
  • Total Parking Spaces: 10.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Entry, SecurityGate, SecurityLights
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Duo Property Group, LLC
  • Community Features: Laundry

Schools

  • Elementary School: Edison
  • High School: South Eugene
  • Middle Or Junior School: Roosevelt

Lot Info

  • Zoning: GO
  • Parcel #: 0274934

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 9688.28

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 11.57
  • Annual Gross Income: 146940.0
  • Property Net Operating Income: 105374.0
  • Annual Operating Expense: 36096.0
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2024 07/31/24 Sold $1,665,000 -2.1% $278 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
05/08/2024 05/08/24 Price Changed $1,700,000 -2.9% $284 / Sq Ft
01/04/2024 01/04/24 For Sale $1,750,000 +43.4% $292 / Sq Ft
12/18/2020 12/18/20 Sold $1,220,000 -9.6% -- View Prior Sale
11/05/2020 11/05/20 Pending -- -- --
10/31/2020 10/31/20 For Sale $1,350,000 +49.2% --
04/25/2016 04/25/16 Sold $905,000 +1.1% -- View Prior Sale
02/24/2016 02/24/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $895,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,067 $516,675 -- --
2024 $9,942 $501,627 -- --
2023 $9,942 $487,017 -- --
2022 $9,313 $472,833 $0 $0
2021 $8,748 $459,062 $0 $0
2020 $8,779 $445,692 $0 $0
2019 $8,478 $432,711 $0 $0
2018 $7,981 $407,872 $0 $0
2017 $7,623 $407,872 $0 $0
2016 $7,434 $395,992 $0 $0
2015 $7,221 $384,458 $0 $0
2014 $7,075 $373,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24266933

Regional Multiple Listing Service (RMLS)