Meticulously maintained and tastefully updated multifamily property in convenient and desirable location! Two 2bd/1bath units and three separate studios with a transferable ~$301k seller-carry note @ 5.25% for qualified buyer(s). Current price offers a fantastic ~8.574% cap rate with a proven track record of performance -- 3 units long term, 2 units short term; all units have been mindfully and continually updated. Many nearby amenities including parks, schools, shops, restaurants, entertainment, events, bike paths, bus lines, and more. Units available for showing w/ confirmation of appointment from LA. Please do not disturb tenants. Fifth unit noncomforming; buyer to do own due diligence regarding use with City and/or County. Without 5th unit counted in financials cap rate still ~6.381%. Also willing to decommission fifth unit for financed buyer with right terms! Be sure to reach out for the property pamphlet!
Welcome to this adorable Friendly St neighborhood vintage cottage, with two units and so many possibilities! This has been a great nonconforming duplex rental for decades. There are middle housing opportunities and appealing short term rental options; it would make a wonderful owner-occupied or multi-generational duplex as well. With such an excellent location and a large lot, if you can dream it up, it can probably happen. As it is, you'll find easy one level living, with a 1 bedroom unit in the front and the back unit living more like a studio, with a partially separated ensuite bedroom. The entire property has been thoughtfully and carefully updated with newer paint, and some newer appliances in each unit. Both bathrooms are charmingly updated as well. There is a fenced yard, an inviting enclosed front porch, a storage garage, and other thoughtful details throughout. The front roof is 1.5 year old and the back half is 4.5 years old. All new exterior paint 1.5 years ago, the electrical has been updated, and all windows have been replaced! This desirable neighborhood has easy access to bistros, local shops, trails, parks, schools, and bus lines. This is classic urban living, a vintage home in a beloved neighborhood.
Large 6+ bedroom home currently master leased to a non-profit through 2/1/2025. Tenant would like to stay and would be open to renegotiating the current lease for a longer period. Lots of square footage for the money. New roof scheduled to be installed July of 2025.
The median home value in Eugene, OR is $458,500. This is higher than the county median home value of $416,200. The national median home value is $338,100. The average price of homes sold in Eugene, OR is $458,500. Approximately 46.21% of Eugene homes are owned, compared to 49.65% rented, while 4.14% are vacant. Eugene real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Eugene real estate agent to arrange a tour today!
Eugene, Oregon 97405 has a population of 173,278. Eugene 97405 is more family-centric than the surrounding county with 28.11% of the households containing married families with children. The county average for households married with children is 25.61%.
The median household income in Eugene, Oregon 97405 is $55,776. The median household income for the surrounding county is $59,016 compared to the national median of $69,021. The median age of people living in Eugene 97405 is 35.1 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 34.1 degrees. The average rainfall is approximately 47 inches per year, with 3 inches of snow per year.