Active

Price cut: $26K (7/20)

$599,000

1259 Monroe St, Eugene, OR 97402

4beds

2,358sqft

N/A

Get pre-qualified

Multi Family

Built in 1915

-- sqft lot

$-- Zestimate^®

$254/sqft

$-- HOA

What's special

Detached one-car garage

Fantastic opportunity for owner-investors or seasoned investors. This property features two updated 2-bed/1-bath units, each with its own washer/dryer, in a highly desirable location boasting an 80 Walk Score and 100 Bike Score. Two addresses (1259 and 1261) and two meters for utilities. Just one mile from the University of Oregon and near the Lane County Historical Museum and Lane Events Center. The front home offers 954 sq ft of living space, partially furnished, with new heat pump & ductless mini-splits, plus new roof in 2023. There is an additional 524 sq ft of unfinished area with potential for future expansion or an additional rental. The back home provides 880 sq ft and a reliable long-term tenant. The property includes a detached one-car garage, great neighbors, and strong income-generation potential which make this a standout investment in an exceptionally convenient location. Do not disturb tenant in back house.

41 days

767

43

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Ductless, Heat Pump

Cooling

Heat Pump, Air Conditioning

Appliances

Included: Dishwasher, Washer/Dryer, Range, Refrigerator, Electric Water Heater
Laundry: Common Area

Interior area

Total structure area: 2,358
Total interior livable area: 2,358 sqft

Property

Parking

Total spaces: 1
Parking features: Driveway, On Street
Garage spaces: 1
Has uncovered spaces: Yes

Features

Stories: 2

Lot

Features: Level, SqFt 5000 to 6999

Details

Parcel number: 0271922
Zoning: S-JW

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Other
Foundation: Block
Roof: Composition

Condition

Updated/Remodeled
Year built: 1915

Utilities & green energy

Gas: Gas
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected

Community & HOA

Community

Features: Laundry
Security: Security Lights, Security System Owned
Subdivision: Jefferson Westside Neighbors

HOA

Has HOA: No

Location

Region: Eugene

Financial & listing details

Price per square foot: $254/sqft
Tax assessed value: $580,832
Annual tax amount: $3,968
Date on market: 7/4/2026
Listing terms: Cash,Conventional,FHA
Total actual rent: 1200
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/20/2026	Price change	$599,000-4.2%$254/sqft
Source: RMLS (OR) #336277211 Report a problem
7/4/2026	Listed for sale	$625,000+140.4%$265/sqft
Source: RMLS (OR) #336277211 Report a problem
10/12/2022	Sold	$260,000-13.3%$110/sqft
Source: RMLS (OR) #22576385 Report a problem
9/8/2022	Pending sale	$299,900$127/sqft
Source: RMLS (OR) #22576385 Report a problem
9/7/2022	Listed for sale	$299,900$127/sqft
Source: RMLS (OR) #22576385 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,968 +1.3%	$203,670 +3%
2024	$3,919 +2.6%	$197,738 +3%
2023	$3,819 +4%	$191,979 +3%
2022	$3,671 +6.5%	$186,388 +3%
2021	$3,448 -0.4%	$180,960 +3%
2020	$3,460 +3.5%	$175,690 +3%
2019	$3,342 +6.2%	$170,573 +3%
2018	$3,146	$165,605 +3%
2017	$3,146 +4.7%	$160,782 +3%
2016	$3,005 +2.5%	$156,099 +3%
2015	$2,930 +3%	$151,552 +3%
2014	$2,846 +6.8%	$147,138 +3%
2013	$2,666 +7%	$142,852 +3%
2012	$2,491	$138,691 +3%
2011	--	$134,651 +3%
2010	--	$130,729 +3%
2009	--	$126,921 +3%
2008	--	$123,224 +3%
2007	--	$119,635 +3%
2006	--	$116,150 +3%
2005	--	$112,767 +3%
2004	--	$109,483 +3%
2003	--	$106,294 +3%
2002	--	$103,198 +3%
2001	--	$100,192 +3%
2000	--	$97,274