Presented by: Sixel Real Estate - 541-954-1915
Property Description
Unique development opportunity in downtown Eugene. Seller has preliminary plans drawn for a 20 unit apartment or up to a 69 unit single room occupancy complex. Drawings can be provided upon request. Package deal can be made if 490 W 4th ave is also purchased with 427 Washington. Great walk & bike-score! Near The Owen Rose Garden, Downtown Shops, Whiteaker Breweries, the Willamette River, and more! There is so much to see & do in the heart of Eugene. These properties also make great long-term rental investments with the current tenants. (Do don't disturb current tenants, please.) Note: there is currently only one dedicated parking space. $355k
Interior Features
Bedrooms
Unit 1 Beds Total2
Unit 2 Beds Total1
Unit 3 Beds Total1
Bathrooms
Unit 1 Baths Total1
Unit 2 Baths Total1
Unit 3 Baths Total1
Other Interior Features
UnitType1ActualRent1050
UnitType1FeaturesHardwoodFloors
UnitType1UnitsTotal1
UnitType2ActualRent1050
UnitType2FeaturesHardwoodFloors
UnitType2UnitsTotal1
UnitType3ActualRent0
UnitType3FeaturesRange, Refrigerator
UnitType3UnitsTotal1
FuelDescriptionElectricity
BasementCrawlSpace
Hot WaterElectricity
Unit TypeUnitTypeType1, UnitTypeType2, UnitTypeType3
General
Accessory Dwelling Unit Y/NN
AttributionContact541-954-1915
CityEugene
CountyLane
DirectionsNear the corner of Washington and West 4th Ave Downtown.
Elementary SchoolRiver Road
Garage Spaces0
Gross Income34800.0
HOANo
HeatingBaseboard, WallHeater
High SchoolNorth Eugene
Legal Description17-03-30-34-14100
Listing TermsCash, Conventional
Lot Size Square Feet3,484 sqft
MLS Area_247
Middle/Junior High SchoolKelly
Net Operating Income32122.0
Number Of Units Total3
Operating Expense2679.0
Parcel Number256,485
Property ConditionFixer
Property TypeMultiFamily
Rent IncludesNone
RoofComposition
SewerPublicSewer
Standard StatusPending
StatusPending
Stories Count2
Subdivision NameNorth Eugene Mixed Downtown
Tax Annual Amount$2,678
Tax Year2024
Year Built1900
ZoningS-W/SR
Exterior
Exterior DescriptionWoodSiding
Lot Size Acres0.08
Parking FeaturesOffStreet
Total Parking1.0
Water SourcePublicWater
Additional Details
Price History
Schools
High School
North Eugene High School
Elementary School
River Road Elementary School
Middle School
Kelly Middle School
Similar Properties
Oregon | 503.670.9000
Washington | 360.693.6139
Oregon | 503.670.9000
Washington | 360.693.6139