NOT LISTED FOR SALE

671 E 16th Ave Eugene, OR 97401

1 Bed
1 Bath
6,204 Sq Ft
1946 Built

Last Sold July 06, 2023

Last sale price $1,315,000 $212 Per Sq Ft

4 Days on Market

Highlights

  • City View
  • Baseboard Heating
  • 2-minute walk to West University Park
  • Edison Elementary School Rated A-
  • Wood Siding

About This Home

As of July 2023

8 unit University area apartment complex located just two blocks from campus. Fully leased for 2023/2024 school year with upside in rents. Vinyl windows with kitchen and bathroom updates.

Last Agent to Sell the Property

Kristena Cox-Schmick

Windermere RE Lane County License #990100214 Listed on: 06/19/2023

Windermere RE Lane County

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,662

Year Built

  • Built in 1946

Parking

  • Paved Parking

Home Design

  • Wood Siding

Interior Spaces

  • 6,204 Sq Ft Home
  • 2-Story Property
  • City Views

Schools

  • Edison Elementary School
  • Roosevelt Middle School
  • South Eugene High School

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 0286375

Community Details

Overview

  • 8 Units
  • West University Neighbors Subdivision

Building Details

  • Operating Expense $45,327
  • Gross Income $136,620
  • Net Operating Income $91,293

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,662

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1946
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 1315000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: Yes
  • Road Surface Type: Concrete
  • Disclosures: Exempt
  • View: City

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Edison
  • High School: South Eugene
  • Middle Or Junior School: Roosevelt

Lot Info

  • Zoning: R-3
  • Parcel #: 0286375

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6662.14

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 10.21
  • Annual Gross Income: 136620.0
  • Property Net Operating Income: 91293.0
  • Annual Operating Expense: 45327.0
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Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2023 07/06/23 Sold $1,315,000 -5.7% $212 / Sq Ft
06/24/2023 06/24/23 Pending -- -- --
06/19/2023 06/19/23 Price Changed $1,395,000 +4.1% $225 / Sq Ft
06/19/2023 06/19/23 For Sale $1,340,000 -- $216 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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
2025 $7,201 $369,589 -- --
2024 $7,111 $358,825 -- --
2023 $7,111 $348,374 $0 $0
2022 $6,662 $338,228 $0 $0
2021 $6,257 $328,377 $0 $0
2020 $6,280 $318,813 $0 $0
2019 $6,065 $309,528 $0 $0
2018 $5,709 $291,760 $0 $0
2017 $5,453 $291,760 $0 $0
2016 $5,318 $283,262 $0 $0
2015 $5,165 $275,012 $0 $0
2014 $5,061 $267,002 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23049108

Regional Multiple Listing Service (RMLS)
Oregon Lane County Eugene 97401

671 E 16th Ave, Eugene, OR

Not Listed for Sale

MultiFamily

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