$395,000

Estimated payment $2,367/month

Total Views 4,765
3 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Very Popular Property
  • Wood Siding
  • No Heating

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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/28/2025 07/28/25 For Sale $395,000 -- $253 / Sq Ft
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

Similar Homes in Eugene, OR

  • 427 Washington St, Eugene, OR 97401

    $385,000

    • 4 Beds
    • 3 Baths
    • 427 Washington St
    • Eugene, OR

    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 490 W 4th ave is also purchased with 427 Washington. Great walk & bike-score! Near The Owen Rose Garden, Downtown Shops, Whiteaker Breweries, the Willamette River, and

    Kit Sixel Sixel Real Estate

    Section Image
  • 561 Madison St, Eugene, OR 97402

    $415,000

    • 4 Beds
    • 2 Baths
    • 2,218 Sq Ft
    • 561 Madison St
    • Eugene, OR

    Improved Price! $415,000. Great investment opportunity with this Jefferson Westside/Whiteaker Neighborhood duplex that's ready for owner occupied buyers who want to live downtown with a great walk-score! The rental income can help pay your mortgage: each unit offers 2 bedrooms and 1 full bathroom. The main level unit has a fireplace, coved ceilings, and a covered front porch. 4 driveway parking

    Kit Sixel Sixel Real Estate

    Section Image
  • 1147 W 11th Alley, Eugene, OR 97402

    $475,000

    • 4 Beds
    • 2 Baths
    • 1147 W 11th Alley
    • Eugene, OR

    Located in the convenient and desirable Jefferson Westside area this duplex has a lot to offer. Centrally located and ready to go! Private courtyard, with additional storage and new carport with ample of off-street parking. Both units are currently being rented at this time!

    Joshua Glaspie ICON Real Estate Group

    Section Image
  • 2158 Alder St, Eugene, OR 97405

    $495,000

    • 4 Beds
    • 2 Baths
    • 1,908 Sq Ft
    • 2158 Alder St
    • Eugene, OR

    Desirable Campus House 3 bedroom, 1 bath (Main House) plus 1 bed apartmentThis 3 bed, 1 bath home features full kitchen appliances, carpet and window coverings throughout. The hot water is gas fueled, enjoyed by both units. Off street, driveway parking with additional parking off alley in back. The Laundry room and washer/dryer are in the main house, and shared by the apartment 2158 1/2.

    Ty Hilderbrand Realty One Group Willamette Valley

    Section Image
  • 3118 Richard Ave Unit 1, Eugene, OR 97402

    $385,000

    • 4 Beds
    • 2 Baths
    • 1,828 Sq Ft
    • 3118 Richard Ave
    • Unit 1
    • Eugene, OR

    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

    Tim Duncan Tim Duncan Real Estate

    Section Image
  • 1702 River Rd, Eugene, OR 97404

    $435,901

    • 4 Beds
    • 2 Baths
    • 1,887 Sq Ft
    • 1702 River Rd
    • Eugene, OR

    Wow this is how to do it. Owner lives in main floor unit offering 2 bedrooms , 1 bath. The rental unit is upstairs and offers 2 bedrooms , 1 bath. Large fenced yard and driveway parking. Rental unit has a private entrance. Kitchen and bath on main floor have been updated. Also hard wood floors on main floor. The possibilities are endless. Long term tenant would like to stay.

    PAM DIETZ Keller Williams Realty Eugene and Springfield

    Section Image
  • 174 Lea Ave, Eugene, OR 97404

    $449,900

    • 6 Beds
    • 4 Baths
    • 2,174 Sq Ft
    • 174 Lea Ave
    • Eugene, OR

    Excellent investment opportunity or a great option for multi-generational living. This duplex features two separate units, perfect for homeowners looking to live in one and rent out the other. Unit 174 is now Vacany and has been freshly remodeled with new floors and paint, doors and vanities and more. Each spacious unit boasts 1,087 sq. ft. of living space, with 3 bedrooms and 2 bathrooms,

    George Zakhary Hybrid Real Estate

    Section Image
  • 4554 Woodsboro St, Eugene, OR 97402

    $500,000

    • 3 Beds
    • 2 Baths
    • 4554 Woodsboro St
    • Eugene, OR

    Great rental property subject to tenant rights, professionally managed. Fully leased up! 3/1.5, close to schools, garage and all.

    Frank Houser Premiere Property Group LLC

    Section Image
  • 2710 Kalmia St, Eugene, OR 97404

    $470,000

    • 2 Beds
    • 1 Bath
    • 1,656 Sq Ft
    • 2710 Kalmia St
    • Eugene, OR

    Charming Duplex with Dreamy Outdoor Living! This stunning duplex offers a rare blend of comfort, functionality, and a backyard that feels like your very own retreat. Surrounded by mature trees, lush landscaping, and colorful garden beds, the outdoor space is perfect for hosting gatherings, relaxing with a good book, or enjoying evening drinks under the stars. Each unit has its own private

    Julie Pollock Triple Oaks Realty LLC

    Section Image

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 779161066

Regional Multiple Listing Service (RMLS)

APN: 0256477