Non-conforming 4-plex with a HUGE yard & potential for many different ways to maximize your investment. This could easily be a super-sized single family home or just keep the income coming in with additional development opportunity (?) on such a big lot. Wonderful landscaping, paved driveway, nice Ferry Street Bridge neighborhood with excellent schools & close proximity to everything in Eugene. Solar panels too! Owner may carry. Please do not disturb the tenants. Showing may require 24+ notice.
Worthland Real EstateLicense #200402110Listed on: 05/20/2022
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,766
Year Built
Built in 1938
Lot Details
Private Lot
Level Lot
Home Design
Composition Roof
Lap Siding
Parking
Carport
Paved Parking
Schools
Willagillespie Elementary School
Cal Young Middle School
Sheldon High School
Utilities
No Cooling
Zoned Heating
High Speed Internet
Listing and Financial Details
Rent includes sewer, water
Assessor Parcel Number 0155745
Community Details
Building Details
Operating Expense $10,501
Gross Income $34,666
Net Operating Income $24,165
Additional Features
5 Units
Laundry Facilities
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,766
Year Built
Built in 1938
Lot Details
0
Listing Details
Standard Status: Closed
MLS Status: Sold
Property Type: MultiFamily
Year Built: 1938
Property Condition: Approximately
Unreinforced Masonry Building: No
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Basement: None
Lot Size Range: SqFt20000toAcres1
Exterior Features
Exterior Description: LapSiding
Lot Size: 20,000 SqFt to .99 Acres
View: No
Lot Features: Level, Private
Road Surface Type: Paved
Disclosures: Exempt
Roof: Composition
Garage/Parking
Parking Description: Carport, Paved
Attached Garage: No
Utilities
Fuel Description: Electricity
Internet Service Type: Cable
Security: Unknown
Cooling: None
Cooling Y N: No
Heating: Zoned
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Condo/Co-op/Association
Community Features: Laundry
Schools
Elementary School: Willagillespie
High School: Sheldon
Middle Or Junior School: Cal Young
Lot Info
Zoning: R1
Parcel #: 0155745
Green Features
Green Certification: No
Rental Info
Rent Includes: Sewer, Water
Tax Info
Tax Deferral: No
Tax Year: 2021
Tax Annual Amount: 6765.79
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
Number Of Units Total: 5
Gross Rent Multiplier: 16.59
Annual Gross Income: 34666.0
Property Net Operating Income: 24165.0
Annual Operating Expense: 10501.0
Ownership History
DateNameOwned ForOwner Type
Aug 2023 - PresentWilliam M Dwyer Trust and Dwyer1 Year and 9 Months
Private Individual
Purchase Details
Closed on
Aug 10, 2023
Sold by
2299 Donovan Drive Llc
Bought by
William M Dwyer Trust and Dwyer
Total Days on Market
249
Current Estimated Value
$683,165
May 2023 - Aug 20232299 Donovan Drive Llc3 Months
Company
Purchase Details
Listed on
May 20, 2022
Closed on
May 11, 2023
Sold by
Joyce D Summers Revocable Living Trust
Bought by
2299 Donovan Drive Llc
Seller's Agent
Charles Wetherald
Worthland Real Estate
Buyer's Agent
Brent Cole
Triple Oaks Realty LLC
List Price
$575,000
Sold Price
$555,000
Premium/Discount to List
-$20,000
-3.48%
Views
120
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%
Original Mortgage
$430,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Commercial General zoned Multi Family opportunity. Phenomenal Business and Owner occupied potential in the Heart of Eugene. 2 Blocks from U of O campus. Currently has 2x 1Bd/1 Bt units on 2nd floor, Approximately 689 SF. Month to month agreements. 1st floor was used as a dental lab, 2 bathrooms, Kitchen Area, Office, etc. Buyer due diligence on returning it to multi living units.
Tax AssessmentTax 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.
This home is located at 2299 Donovan Dr, Eugene, OR 97401 since 20 May 2022 and is currently estimated at $683,165, approximately $273 per square foot. This property was built in 1938. 2299 Donovan Dr is a home located in Lane County with nearby schools including Willagillespie Elementary School, Cal Young Middle School, and Sheldon High School.
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