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Listed by St Clair Properties
$825,000
Est. payment /mo
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision West University Neighbors
MLS Listing ID 200074803
Year Built 1900
Annual Tax Amount $6,185
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
PRIME WEST CAMPUS INVESTMENT OPPORTUNITY just 4 blocks from the University of Oregon! This freshly painted property features a 5-bedroom, 2-bath Craftsman-style home PLUS a detached 1-bedroom, 1-bath apartment above a 2-car garage. Current gross rents total $5,425/month, with the main house leased at $4,000/month through mid-August 2027 and the apartment at $1,425/month on a month-to-month lease.The main house offers bonus rooms, a covered deck, large closets, and a 1,008 sq ft unfinished basement. The detached building includes a 600 sq ft apartment above a 600 sq ft garage currently used for owner storage.Excellent redevelopment and value-add potential, including possible garage conversion, additional living space, middle-housing opportunities, and/or future lot separation, subject to buyer verification and city approval. Strong in-place income, premier UO location, and significant long-term upside make this a compelling campus investment.
Location
State OR
County Lane
Area _243
Zoning R-3
Rooms
Basement Unfinished
Interior
Heating Forced Air, Wall Heater
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Edison
Middle Schools Roosevelt
High Schools South Eugene
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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