Listed by Bridge Creek Realty
$3,750,000
Est. payment /mo
6,534 Sqft Lot
New
1546 WILLAMETTE ST Eugene, OR 97401
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 601208080
Year Built 1945
Annual Tax Amount $2,403
Tax Year 2025
Lot Size 6,534 Sqft
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.
Location
State OR
County Lane
Area _245
Zoning R7
Interior
Heating Baseboard, Wall Heater
Exterior
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Adams
Middle Schools Roosevelt
High Schools South Eugene
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS