$639,900
$20K PRICE DROP

Estimated payment $3,699/month

Total Views 3,056
4 Beds
2 Baths
2,322 Sq Ft
$276 Price per Sq Ft

Highlights

  • Landscaped
  • High Speed Internet
  • Heating System Mounted To A Wall or Window
  • Laundry Facilities
  • Level Lot

About This Home

Strong investment opportunity in west Eugene's Westmoreland Village. This well-kept four-plex features four identical units, each with 2 bedrooms and 1 bathroom. Fully occupied with reliable tenants, the property delivers a solid 7% cap rate and consistent cash flow. Designed for low upkeep, it’s a turnkey option for investors seeking steady, hassle-free income.

Listing Agent

Jon Eschrich

Triple Oaks Realty LLC Brokerage Phone: 541-968-2655 License #200504548 Listed on: 08/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,671

Year Built

  • Built in 1960

Lot Details

  • 3,484 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2,322 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Assigned Parking

Schools

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

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 1841616

Community Details

Overview

  • 4 Units

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $18,130
  • Gross Income $64,020
  • Net Operating Income $45,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,671

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1960
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bedrooms: 4
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Concrete
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, Commons, Laundry

Schools

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

Lot Info

  • Zoning: R2
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3484.0
  • Parcel #: 1841616

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3670.94
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 10.0
  • Annual Gross Income: 64020.0
  • Property Net Operating Income: 45890.0
  • Annual Operating Expense: 18130.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,671 $185,227 -- --
2023 $3,671 $179,833 $0 $0
2022 $3,439 $174,596 $0 $0
2021 $3,230 $169,511 $0 $0
2020 $3,242 $164,574 $0 $0
2019 $3,131 $159,781 $0 $0
2018 $2,947 $150,610 $0 $0
2017 $2,815 $150,610 $0 $0
2016 $2,745 $146,223 $0 $0
2015 $2,666 $141,964 $0 $0
2014 $2,612 $137,829 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2025 09/22/25 Price Changed $639,900 -1.6% $276 / Sq Ft
08/29/2025 08/29/25 Price Changed $650,000 -1.5% $280 / Sq Ft
08/11/2025 08/11/25 For Sale $660,000 0.0% $284 / Sq Ft
01/27/2025 01/27/25 Off Market -- -- --
01/11/2025 01/11/25 For Rent -- -- --
01/10/2025 01/10/25 For Rent $1,500 0.0% --
03/20/2012 03/20/12 Sold $259,900 0.0% $112 / Sq Ft
02/20/2012 02/20/12 Pending -- -- --
02/09/2012 02/09/12 For Sale $259,900 -- $112 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $600,000 Cascade Title
Warranty Deed $372,000 Cascade Title Co
Warranty Deed $259,900 Western Title & Escrow Compa
Warranty Deed $249,900 Cascade Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Previous Owner $379,000 Commercial
Previous Owner $194,925 New Conventional
Previous Owner $187,425 New Conventional
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 403082608

Regional Multiple Listing Service (RMLS)

APN: 1841616