NOT LISTED FOR SALE

1408 Ferry St Eugene, OR 97401

Estimated Value: $651,000 - $697,000

3 Beds
3 Baths
1,500 Sq Ft
$448/Sq Ft Est. Value

Last Sold February 18, 2025

Last sale price $680,000 $453 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,875/month

48 Days on Market

Highlights

  • Ductless Heating Or Cooling System
  • Wood Siding
  • 4-minute walk to West University Park
  • Edison Elementary School Rated A-
  • Heating Available

About This Home

As of February 2025

Newly remodeled triplex on the edge of the U of O campus! New roof, siding, windows, and electrical service. Updated bathrooms, appliances, refinished hardwood floors, laundry room in the basement, and new mini splits for each unit. This is certain to be a low-maintenance investment property, and it's already at 100% occupancy. Financials and lease information available through your Broker. Don't miss this excellent opportunity!

Last Agent to Sell the Property

Brent Cole

Triple Oaks Realty LLC Brokerage Phone: 541-556-5093 License #200607178 Listed on: 09/28/2024

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,757

Year Built

  • Built in 1940

Lot Details

  • 3,920

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Wood Siding

Schools

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

Utilities

  • Ductless Heating Or Cooling System
  • Mini Split Air Conditioners
  • Heating Available
  • Electric Water Heater

Additional Features

  • Partial Basement
  • 3,920 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 0285955

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $12,420
  • Gross Income $49,680
  • Net Operating Income $37,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,757

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1940
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartialBasement
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: Ductless
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: R3
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 0285955

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3757.13

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.09
  • Annual Gross Income: 49680.0
  • Property Net Operating Income: 37260.0
  • Annual Operating Expense: 12420.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2024
Closed on
Feb 13, 2025
Sold by
1408 Osprey Llc
Bought by
Jrd Kitsap Llc
Seller's Agent
Brent Cole
Triple Oaks Realty LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$700,000
Sold Price
$680,000
Premium/Discount to List
-$20,000
-2.86%
Views
58
Current Estimated Value
$672,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,578
Avg. Annual Appreciation
-1.66%

Purchase Details

Listed on
Jun 4, 2021
Closed on
Nov 2, 2021
Sold by
Stevenh39 Llc
Bought by
Solomon Matthew and Desai Natasha
Seller's Agent
Thomas Richards
Thomas Richards Real Estate
Buyer's Agent
Chris Mills
Ninebark Real Estate
List Price
$450,000
Sold Price
$401,250
Premium/Discount to List
-$48,750
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.39%
Original Mortgage
$360,000
Interest Rate
2.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2015
Sold by
Hoffman Stephen A and Hoffman Thomas J
Bought by
Steven39 Llc

Purchase Details

Closed on
Jul 23, 2015
Sold by
Rasmussen Frederick A
Bought by
Hoffman Stephen A and Hoffman Thomas J
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jrd Kitsap Llc $680,000 Cascade Title
Solomon Matthew $411,000 Cascade Title Co
Steven39 Llc -- Cascade Title Company
Hoffman Stephen A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solomon Matthew $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2025 02/18/25 Sold $680,000 -2.9% $453 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
09/28/2024 09/28/24 For Sale $700,000 +74.5% $467 / Sq Ft
11/04/2021 11/04/21 Sold $401,250 -10.8% $268 / Sq Ft View Prior Sale
08/30/2021 08/30/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $450,000 0.0% $300 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $450,000 0.0% $300 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $450,000 -- $300 / Sq Ft
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
2024 $3,855 $194,531 -- --
2023 $3,855 $188,866 $0 $0
2022 $3,612 $183,366 $0 $0
2021 $3,392 $178,026 $0 $0
2020 $3,404 $172,841 $0 $0
2019 $3,288 $167,807 $0 $0
2018 $3,095 $158,175 $0 $0
2017 $2,956 $158,175 $0 $0
2016 $2,883 $153,568 $0 $0
2015 $2,800 $149,095 $0 $0
2014 $2,744 $144,752 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brent Cole

    Seller's Agent in 2025

    Brent Cole

    Triple Oaks Realty LLC

    (541) 556-5093

    178 Total Sales

    Brent Cole
    Section Image

  • T

    Seller's Agent in 2021

    Thomas Richards

    Thomas Richards Real Estate

    (541) 521-5201

    23 Total Sales

    Thomas Richards
    Section Image

  • C

    Buyer's Agent in 2021

    Chris Mills

    Ninebark Real Estate

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24160138

Regional Multiple Listing Service (RMLS)

APN: 0285955

Oregon Lane County Eugene 97401

1408 Ferry St, Eugene, OR

This home is located at 1408 Ferry St, Eugene, OR 97401 since 28 September 2024 and is currently estimated at $672,422, approximately $448 per square foot. This property was built in 1940. 1408 Ferry St is a home located in Lane County with nearby schools including Edison Elementary School, Roosevelt Middle School, and South Eugene High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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