$395,000

Estimated payment $2,382/month

3 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Unique development opportunity in downtown Eugene. Seller has preliminary plans drawn for a 20 unit apartment or up to a 69 unit single room occupancy complex. Drawings can be provided upon request. Package deal can be made if 427 Washington is also purchased with 490 W 4th ave. Great walk & bike-score! Near The Owen Rose Garden, Downtown Shops, Whiteaker Breweries, the Willamette River, and more! There is so much to see & do in the heart of Eugene. These properties also make great long-term rental investments with the current tenants. (Do don't disturb current tenants, please.)

Listing Agent

Kit Sixel

Sixel Real Estate License #200710134 Listed on: 06/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,179

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Fixer Upper
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • River Road Elementary School
  • Kelly Middle School
  • North Eugene High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0256477

Community Details

Overview

  • 2 Units
  • North Eugene Mixed Downtown Subdivision

Building Details

  • Operating Expense $2,179
  • Gross Income $23,340
  • Net Operating Income $21,161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,179

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1900
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 3
  • Lot Size Range: SqFt3000to4999

Exterior Features

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

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 2.0

Utilities

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

Schools

  • Elementary School: River Road
  • High School: North Eugene
  • Middle Or Junior School: Kelly

Lot Info

  • Zoning: S-W/SR
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 0256477

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 2178.66

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.92
  • Annual Gross Income: 23340.0
  • Property Net Operating Income: 21161.0
  • Annual Operating Expense: 2179.0

Map

Range of Values:

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Average Value
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Sold Price
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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 $2,179 $106,729 $0 $0
2022 $2,041 $103,621 $0 $0
2021 $1,917 $100,603 $0 $0
2020 $1,924 $97,673 $0 $0
2019 $1,858 $94,829 $0 $0
2018 $1,749 $89,385 $0 $0
2017 $1,671 $89,385 $0 $0
2016 $1,629 $86,782 $0 $0
2015 $1,582 $84,254 $0 $0
2014 $1,550 $81,800 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 For Sale $395,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Bargain Sale Deed -- Cascade Title Company
Warranty Deed $175,000 Cascade Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $157,000 Commercial
Previous Owner $153,500 Commercial
Previous Owner $175,000 Purchase Money Mortgage
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 779161066

Regional Multiple Listing Service (RMLS)

APN: 0256477