851 West 5th Avenue

Eugene, OR 97402

$1,400,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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!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!
  1. Listed by Ian Crist • Bridge Creek Realty

Property Details for 851 West 5th Avenue

Zoning
MF
LISTING UPDATED: 01/29/2025 04:27 PM

Property Details for 851 West 5th Avenue

StatusActive
MLS #189796170
Days on Market20
Taxes$9,352 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1968
Lot Size0.22 AC / 9,583 SF
CountyLane County

Building Information for 851 West 5th Avenue

Stories2Residences8Year Built1968Building Size-Lot Size0.22 AC / 9,583 SF

Property Information for 851 West 5th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: W HWY99 > N Monroe St. > W 5th St.
School Information
  • Middle Or Junior School: Kelly
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $9,351.68
  • Parcel Number: 0265320
  • Tax Legal Description: TL 01200
Property
Lot Information
  • Acres: 0.22
  • Lot Size Square Feet: 9583.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1968
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Composite
Interior Features
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • Gross Income Actual: $125,430.00
  • Gross Income Projected: $141,478.00
  • Gross Rent Multiplier: $11.16
  • Investor Information: According To Owner
  • Net Income Actual: $85,774.00
  • Net Income Projected: 100498
  • Operating Expenses Projected: $40,980.00
  • Operating Expense: $39,655.00
  • Unit Type Type: Unit Type Type1
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $1,370
  • Unit Type 1 SqFt: 648.0
  • Unit Type 1 Units Total: 8

Public Records for 851 West 5th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2024$9,352 ($779 / month)
Home Facts
Lot Size9,583 SqFtStyleMulti-Family Dwelling (2-4)ZoningR-3-LIMITED HCountyLANEAPN17-03-31-22-01200-000

Schools near 851 West 5th Avenue

This home is within Eugene School District 4j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kelly Middle School
Public6 to 8

North Eugene High School
Public9 to 12

Eugene Education Options
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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851 West 5th Avenue is a multi-family home for sale in Eugene, OR 97402. This property was listed for sale on January 29, 2025 by Bridge Creek Realty, it's currently listed at $1,400,000. This listing's school district is Eugene School District 4j. Nearby schools include River Road/El Camino Del Rio Elementary School, Kelly Middle School and North Eugene High School. 851 West 5th Avenue is a 0-bed, 0-bath, multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bridge Creek Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 01/29/2025 04:27 PM