1546 WILLAMETTE ST, Eugene, OR 97401

$3,750,000

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List Price
$3,750,000
Days on Market
1
MLS#
601208080
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Lane Co: West Eugene
Status
ACTIVE

Property Description

The West Eugene Multifamily Portfolio offers 42 residential units plus an office/storage space across four centrally located Eugene properties. The portfolio includes 10 buildings totaling approximately 22,212 square feet and a diversified unit mix of 12 studios/SROs, 22 one-bedroom units, seven two-bedroom units, and one three-bedroom single-family residence. All four properties provide off-street parking, with 32 total spaces, and multiple locations include on-site laundry.The portfolio combines vintage character with meaningful capital improvements, including newer roofing and siding at select properties, along with interior renovations completed as units have turned. Current scheduled NOI is approximately $275,335, providing a 7.34% cap rate at the asking price, with additional upside available through continued rent growth, unit renovations, and operational improvements.

Additional Information

Tax Amount
$2,403
Year Built
1945
High School
South Eugene
Elementary School
Adams
Middle School
Roosevelt
Acres
0.15
Stories
3
Terms
Cash, Conventional
Fuel Description
Electricity, Solar Off Grid
Heating Description
Baseboard, Wall Heater
Hoa Rent Includes
Sewer, Trash Collection, Water
Hot Water Description
Electricity
Exterior Description
Lap Siding, Wood Siding
Sewer Description
Public Sewer
Number Of Units Total
42
Unit Type One Baths Total
1
Unit Type One Rent
619
Unit Type One Sq Ft
337
Unit Type One Units Total
8
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Units Total
4

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Calculator source: Real Geeks

Listing courtesy of Bridge Creek Realty.

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