490 W 4th Ave Eugene, OR 97401
Downtown Eugene NeighborhoodEstimated payment $1,914/month
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.) New price! $325,000.
Listing Agent
Sixel Real Estate Brokerage Phone: 541-954-1915 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
- Heating System Mounted To A Wall or Window
- 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
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,179 | $109,930 | -- | -- |
| 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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Price Changed | $325,000 | -5.8% | $208 / Sq Ft |
| 07/31/2025 07/31/25 | Price Changed | $345,000 | -12.7% | $221 / Sq Ft |
| 07/28/2025 07/28/25 | For Sale | $395,000 | -- | $253 / Sq Ft |
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 |
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: Regional Multiple Listing Service (RMLS)
MLS Number: 779161066
APN: 0256477
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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