851 W 5th Ave Eugene, OR 97402
Whiteaker NeighborhoodEstimated payment $7,719/month
About This Home
Investor Opportunity! This 8-unit apartment building is only 2 miles from the University of Oregon campus and boasts a 6.13% cap rate on current income. All units are 2-bed/1-bath, 648 sqft. Amenities include on-site laundry, 10 parking spots and shared balconies. Recent upgrades include new exterior paint, new flooring, new cabinets and updated bathrooms in select units. A new owner could recapture $4,800/year by implementing utility bill-backs. Don't miss out on this opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,352
Year Built
- Built in 1968
Home Design
- Wood Composite
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Schools
- Kelly Middle School
Utilities
- No Cooling
- Baseboard Heating
Additional Features
- 2-Story Property
- 9,583 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 0265320
Community Details
Overview
- 8 Units
Building Details
- Operating Expense $39,655
- Gross Income $125,430
- Net Operating Income $85,774
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 |
|---|---|---|---|---|
| 2025 | $9,470 | $486,019 | -- | -- |
| 2024 | $9,352 | $471,864 | -- | -- |
| 2023 | $9,352 | $458,121 | -- | -- |
| 2022 | $8,761 | $444,778 | $0 | $0 |
| 2021 | $8,229 | $431,824 | $0 | $0 |
| 2020 | $8,258 | $419,247 | $0 | $0 |
| 2019 | $7,975 | $407,036 | $0 | $0 |
| 2018 | $7,507 | $383,671 | $0 | $0 |
| 2017 | $7,171 | $383,671 | $0 | $0 |
| 2016 | $6,993 | $372,496 | $0 | $0 |
| 2015 | $6,792 | $361,647 | $0 | $0 |
| 2014 | $6,655 | $351,114 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/15/2026 04/15/26 | Price Changed | $1,300,000 | 0.0% | -- |
| 04/15/2026 04/15/26 | For Sale | $1,300,000 | -5.5% | -- |
| 05/26/2025 05/26/25 | Off Market | $1,375,000 | -- | -- |
| 03/14/2025 03/14/25 | Price Changed | $1,375,000 | -1.8% | -- |
| 01/29/2025 01/29/25 | For Sale | $1,400,000 | -- | -- |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 189796170
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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 © 2026 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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Ask me questions while you tour the home.