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Listed by Triple Oaks Realty LLC • 541-968-0423
$2,870,000
Est. payment /mo
4,274 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,274 sqft
Price per Sqft $671
Subdivision Whiteaker
MLS Listing ID 664097248
Year Built 2007
Annual Tax Amount $16,245
Tax Year 2025
Lot Size 8,276 Sqft
Property Description
Excellent opportunity to acquire a fully leased 12-unit multi-family investment portfolio in Eugene. Offered together as one package, the portfolio includes 25 N Jefferson Alley (4 units), 22-24 N Jefferson (2 units), 26-28 N Jefferson (2 units), and 1071-1077 W 13th Ave (4 units). Combined current rental income is approximately $235,200 annually ($19,600/month) with estimated operating expenses of approximately $63,324, resulting in estimated net operating income of approximately $171,876 per year. Offered at $2,870,000, the portfolio reflects an indicated cap rate of approximately 5.99%. All properties are well maintained with updated units and current lease agreements in place, providing established income from day one. The seller has personally managed the properties without the expense of a professional property management company, offering a proven rental history and streamlined operation. The Jefferson properties are located together in Eugene's popular Whiteaker neighborhood, while the W 13th property provides an additional convenient Eugene location with easy access to downtown, the University of Oregon, shopping, restaurants, bike paths and public transportation. This portfolio provides 12 income-producing units across four properties and an opportunity to acquire a substantial Eugene rental portfolio in a single transaction. Seller intends to sell all properties together as one package. Please do not disturb tenants. Contact listing broker for individual property details, current leases, income and expense information and additional documentation. Showings will be arranged with an accepted offer.
Location
State OR
County Lane
Area _245
Zoning R2
Interior
Heating Wall Heater
Cooling None
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools River Road
Middle Schools Kelly
High Schools North Eugene
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby School & Business
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