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
  • 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

Range of Values:

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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 Change Sq Ft Price
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% --
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% --
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

Agents Affiliated with this Home

  • Jesse Elconin

    Seller's Agent in 2024

    Jesse Elconin

    Duo Property Group, LLC

    (805) 689-1915

    13 Total Sales

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  • Scott Hartzell

    Buyer's Agent in 2024

    Scott Hartzell

    Wonderland Realty LLC

    (541) 543-5215

    114 Total Sales

    Section Image
  • Vince Cortese

    Seller's Agent in 2020

    Vince Cortese

    LUXE Forbes Global Properties

    (541) 647-1920

    19 Total Sales

    Section Image

  • P

    Seller's Agent in 2016

    Paul Bedortha

    RE/MAX

  • Larry Sievers

    Buyer's Agent in 2016

    Larry Sievers

    RE/MAX

    (503) 720-0023

    7 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24266933

Regional Multiple Listing Service (RMLS)

Oregon Lane County Eugene 97401

1370 High St, Eugene, OR

This home is located at 1370 High St, Eugene, OR 97401 since 04 January 2024. This property was built in 1960. 1370 High St is a home located in Lane County with nearby schools including Edison Elementary School, Roosevelt Middle School, and South Eugene High School.

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