NOT LISTED FOR SALE

723 Highway 99 N Eugene, OR 97402

Trainsong Neighborhood
-- Bed
-- Bath
6,600 Sq Ft
1 Acres

Last Sold June 30, 2023

Last sale price $1,055,000 $160 Per Sq Ft

13 Days on Market

Highlights

  • Garage
  • Wood Siding
  • 1-Story Property
  • Level Lot
  • Wall Furnace

About This Home

As of June 2023

9 residential units and 1 commercial unit on 1 acre. 3 houses: 2 w/2 bedrooms, 1 w/1 bedroom. 6 unit single story row apartments - each unit w/1 bedroom & attached garage. $50k+ complete remodel of front 2 bedroom house (#7) in 2022 w/all new kitchen, bathroom, etc. Photos 4-20 of unit 7. Some updating in other units including newer kitchen cabinets in several units & some remodeled bathrooms. Photos 21-40 are of several of the units in the 6-plex. Vinyl windows in all units. New water line installed 2018. Commercial lease to 12/31/25. Many long term tenants - low vacancy. Rents for two units increase 7/1: +$120/month income increase. All other rent increases go into effect 6/1 and are listed in the unit description. Photos of all units prior to occupancy.

Last Agent to Sell the Property

Brian Kester

Bell Real Estate License #960300102 Listed on: 05/11/2023

Last Buyer's Agent

Brian Kester

Bell Real Estate License #960300102 Listed on: 05/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,904

Year Built

  • Built in 1939

Lot Details

  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Stucco Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space

Parking

  • Garage
  • Open Parking

Schools

  • Malabon Elementary School
  • Cascade Middle School
  • Willamette High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 0448991

Community Details

Overview

  • 10 Units
  • Property managed by Bell Real Estate, Inc.

Building Details

  • Operating Expense $111,180
  • Gross Income $87,797

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,904

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1939
  • Property Condition: Approximately
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Current Price For Status: 1055000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached,Garage
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: Plywood,Stucco,T111Siding,WoodSiding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: ConcretePerimeter, Other
  • View: No
  • Lot Features: Level
  • Road Surface Type: Gravel, Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, Open
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Management Name: Bell Real Estate, Inc.
  • Management Phone: 541-688-2060

Schools

  • Elementary School: Malabon
  • High School: Willamette
  • Middle Or Junior School: Cascade

Lot Info

  • Zoning: C-2
  • Parcel #: 0448991

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 8904.44

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 12.53
  • Annual Gross Income: 87797.0
  • Annual Operating Expense: 111180.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $1,055,000 -4.1% $160 / Sq Ft
05/25/2023 05/25/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $1,100,000 -- $167 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian Kester

    Seller's Agent in 2023

    Brian Kester

    Bell Real Estate

    (541) 688-2060

    1 in this area

    21 Total Sales

    Brian Kester
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23356881

Regional Multiple Listing Service (RMLS)
Oregon Lane County Eugene 97402 Trainsong

723 Highway 99 N, Eugene, OR

Not Listed for Sale

MultiFamily

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