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Listed by Hybrid Real Estate
$585,000
Est. payment /mo
7 Beds
4.5 Baths
3,238 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,238 sqft
Price per Sqft $180
MLS Listing ID 193139505
Bedrooms 7
Year Built 1928
Annual Tax Amount $4,123
Lot Size 0.500 Acres
Property Description
Eugene Investment Property 55 & 75 Federal Eugene, OR | 3 Rental Units | $4,545 Monthly Rental Income | Multi-Family Development Potential!Exceptional opportunity to own an income-producing investment property in Eugene, Oregon, featuring 2 separate homes, 3 rental units, and a vacant lot with future development potential! Currently generating $4,545 per month in rental income ($54,540 annually), this versatile property offers immediate cash flow, multiple income streams, and exciting opportunities for expansion.Home #1 – 1,718 Sq. Ft. | 2 Rental Units | 2-Car GarageThis property features two separate rental units. The upper-level unit offers 2 bedrooms and 1 bathroom, while the lower-level unit includes 1 bedroom, 1.5 bathrooms, and 4 additional unfinished rooms. Lower-level rental photos coming soon!Home #2 – 1,520 Sq. Ft. | 4 Bedrooms | 2 BathroomsThe second home features a spacious floor plan, updated kitchen, private fenced yard, and ample parking, making it an attractive rental property. All renters are long term and would like to stay. Additional Rental Income & Development Opportunities!The vacant lot provides potential for additional construction, including a duplex while maintaining the existing homes. Investors and developers may also explore subdividing the property through the City of Eugene, with preliminary subdivision costs estimated at approximately $30,000. Depending on zoning, feasibility, and city approvals, additional duplex or fourplex development may be possible.2 Homes | 3 Rental Units | $54,540 Annual Rental Income | Vacant Lot | Future Development PotentialProperty information provided by the seller. Buyer to independently verify rental income, zoning, permitted uses, rental unit status, subdivision costs, development feasibility, and building requirements with the City of Eugene and appropriate authorities. All future development is subject to applicable approvals.
Location
State OR
County Lane
Area _248
Zoning R1
Interior
Heating Zoned
Exterior
Roof Type Composition
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Spring Creek
Middle Schools Madison
High Schools North Eugene
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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