NOT LISTED FOR SALE

671 E 16th Ave Eugene, OR 97401

Eugene Area
1 Bed
1 Bath
6,204 Sq Ft
1946 Built

Sale Details

Date Sold: July 6, 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

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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

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 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2025
Sold by
Neurelius Llc
Bought by

Purchase Details

Listed on
Jun 19, 2023
Closed on
Jul 6, 2023
Sold by
Gallic Family Revocable Trust
Bought by
Neurelius Llc
Seller's Agent
Kristena Cox-Schmick
Windermere RE Lane County
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$1,340,000
Sold Price
$1,315,000
Premium/Discount to List
-$25,000
-1.87%
Views
10

Purchase Details

Closed on
Feb 15, 2023
Sold by
Gallic Gordon Charles
Bought by
Gallic Family Revocable Trust

Purchase Details

Closed on
Mar 18, 2020
Sold by
Gallic Gordon C
Bought by
Gallic Gordon C and Gallic Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2007
Sold by
Syrios William L and Syrios Teresa S
Bought by
Gallic Gordon C

Purchase Details

Closed on
Feb 1, 2005
Sold by
Syrios William L
Bought by
Syrios William L and Syrios Teresa S

Purchase Details

Closed on
Aug 17, 1999
Sold by
Safe Harbor Three Inc
Bought by
Gallic Gordon C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
7.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 15, 1999
Sold by
Jones Jesse C Te and Jones Virginia E
Bought by
Safe Harbor Three Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
7.4%
Mortgage Type
Seller Take Back
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Neurelius Llc $1,315,000 Cascade Title
Gallic Family Revocable Trust -- --
Gallic Gordon C -- Cascade Title Co
Gallic Gordon C $70,000 First American Title Co
Syrios William L -- Western Pioneer Title Co
Gallic Gordon C -- Western Pioneer Title Co
Safe Harbor Three Inc $340,000 Western Pioneer Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $500,000
Previous Owner Gallic Gordon C $240,000
Previous Owner Safe Harbor Three Inc $290,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)
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