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Listed by Grand Real Estate • [email protected]
$799,000
Est. payment /mo
2,166 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,166 sqft
Price per Sqft $368
MLS Listing ID 318653473
Year Built 1910
Annual Tax Amount $3,266
Tax Year 2025
Lot Size 6,098 Sqft
Property Description
Phenomenal turnkey investment opportunity in the heart of downtown Eugene! Discover the ultimate best of both worlds property featuring three completely updated units that seamlessly blend steady, long-term rental income with high-yield short-term rental potential. Located just steps from downtown amenities, restaurants, and shopping, this versatile property is a dream for savvy investors or owner-occupants looking for a premier house-hack.The main house at 560 W. 13th Ave is a charming 2-bedroom, 1-bathroom unit currently generating steady, reliable income at $1,895 per month on a 1-year lease. Tucked away behind are the back units at 1310 and 1320 Washington Alley, which are perfectly set up and optimized as short-term rentals. The first alley unit is a 2-bedroom, 1-bathroom space featuring a high-efficiency ductless mini-split and has the potential to generate $3,000 to $3,500 per month. The second alley unit is a bright 1-bedroom, 1-bathroom space with a projected earning potential of $2,000 to $2,500 per month.Capital expenses have already been taken care of with brand-new roofs, new exterior paint, and new gutters across all units. Inside, every unit boasts updated, freshly painted interiors, making them entirely rent-ready from day one. This property also includes 4 rare, dedicated off-street parking spots, which is a massive premium for the downtown area. As an added bonus, the seller is willing to sell the units furnished via a separate bill of sale, allowing you to walk into a fully operational short-term rental business. Don't miss out on this rare chance to own a high-performing, low-maintenance portfolio piece in a prime, high-demand location.
Location
State OR
County Lane
Area _244
Zoning RES
Interior
Heating Baseboard, Ductless
Cooling Mini Split
Exterior
Roof Type Composition
Garage No
Building
Lot Description Flag Lot, Flood Zone, Level
Story 2
Foundation Slab, Stem Wall
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Cesar Chavez
Middle Schools Arts & Tech
High Schools Churchill
Others
Acceptable Financing Conventional, FHA, VALoan
Listing Terms Conventional, FHA, VALoan
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