$385,000
$15K PRICE DROP

3118 Richard Ave Unit 1 Eugene, OR 97402

Bethel Neighborhood

Estimated payment $2,422/month

Total Views 4,734
4 Beds
2 Baths
1,828 Sq Ft
$211 Price per Sq Ft

Highlights

  • Cooling Available
  • Forced Air Heating System
  • Wood Siding

About This Home

This is a great opportunity for an owner occupied buyer or an investor. The duplex has been updated & maintained well by the owners. Both tenants are month to month & would like to stay. In 2018 the owner did: New siding & ext paint, new plumbing, new HVAC, new electrical & new appliances. Both units probably need interior paint & carpet.. Joint laundry room shared by both uints. Front unit has bonus room upstairs & larger yard.

Last Listed By

Tim Duncan

Tim Duncan Real Estate Brokerage Email: tim@timduncanre.com License #201208654 Listed on: 03/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,256

Year Built

  • Built in 1947

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Metal Roof
  • Wood Siding
  • Shake Siding

Interior Spaces

  • 1,828 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Carport
  • Driveway

Schools

  • Fairfield Elementary School
  • Cascade Middle School
  • Willamette High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1313418

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $22,800
  • Gross Income $25,200
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,256

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1947
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Total Bedrooms: 4
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: ShakeSiding,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Road Surface Type: Paved
  • Roof: Metal

Garage/Parking

  • Parking Description: Carport, Driveway
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Tank
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Fairfield
  • High School: Willamette
  • Middle Or Junior School: Cascade

Lot Info

  • Zoning: C-2
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 1313418

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Gas, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3256.29

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.28
  • Annual Gross Income: 25200.0
  • Property Net Operating Income: 25200.0
  • Annual Operating Expense: 22800.0

Map

Range of Values:

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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
2023 $3,256 $181,023 $0 $0
2022 $3,031 $175,751 $0 $0
2021 $2,967 $170,633 $0 $0
2020 $2,881 $165,664 $0 $0
2019 $2,739 $160,839 $0 $0
2018 $2,663 $151,607 $0 $0
2017 $2,545 $151,607 $0 $0
2016 $2,480 $147,191 $0 $0
2015 $2,431 $142,904 $0 $0
2014 $2,394 $138,742 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Price Changed $385,000 -3.7% $211 / Sq Ft
06/03/2025 06/03/25 Price Changed $399,900 +3.3% $219 / Sq Ft
06/03/2025 06/03/25 Price Changed $387,000 -3.2% $212 / Sq Ft
03/31/2025 03/31/25 For Sale $399,900 -- $219 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $375,000 Cascade Title Co
Bargain Sale Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 Seller Take Back
Closed $350,000 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 102954631

Regional Multiple Listing Service (RMLS)

APN: 1313418