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  • $1,400,000

    287 W 5th Ave, Junction City, OR 97448

    72beds
    1,800sqft
    : 
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    Multi Family
    Built in 1905
    -- sqft lot
    $-- Zestimate®
    $778/sqft
    $-- HOA

    What's special

    An exceptional opportunity to acquire a high-performing income property in the heart of downtown Junction City. This permitted triplex offers a unique investment model that maximizes rental income by leasing 12 individual bedrooms rather than the three units as traditional apartments. This is a rare, income-maximized, engine generating, nearly $8,700/month in gross rents. This concept not only helps maximize the property's income stream, but minimizes the vacancy loss as well if a tenant moves out, you still have 11 others still paying. This model is so effective and keeps occupancy so high because of housing affordability and the high demand of low-income renters in the Junction City area. Leasing individual bedrooms rather than whole units — producing gross revenues substantially above what traditional unit-by-unit rental would yield in this submarket. With Junction City positioned as an affordable alternative to Eugene's tightening rental market, demand for individual rooms is strong and growing. 100% Occupied — Day-One Cash Flow. Tenants pay all utilities. No lease-up risk. No vacancy stabilization period. A buyer steps into a fully tenanted, fully performing asset from closing day forward.
    13 days
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    245
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    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Corey Walker 541-954-8588,

    Walker Family Development Inc

    Source: RMLS (OR),MLS#: 244936370MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 72
      • Bathrooms: 24
      • Full bathrooms: 18
      • Partial bathrooms: 6
      Heating
      • Zoned
      Features
      • Basement: Crawl Space
      Interior area
      • Total structure area: 1,800
      • Total interior livable area: 1,800 sqft

      Property

      Parking
      • Total spaces: 4
      Features
      • Stories: 2
      Lot
      • Size: 6,098 Square Feet
      • Features: SqFt 5000 to 6999
      Details
      • Parcel number: 0016236
      • Zoning: C2

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Cement Siding, Wood Siding
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • Updated/Remodeled
      • Year built: 1905

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Junction City

      Financial & listing details

      • Price per square foot: $778/sqft
      • Annual tax amount: $4,511
      • Date on market: 6/30/2026
      • Listing terms: Cash,Conventional
      • Total actual rent: 52170

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/30/2026Listed for sale$1,400,000+1128.1%$778/sqft
        Source: RMLS (OR) #244936370 Report a problem
        5/17/2017Sold$114,000-15.7%$63/sqft
        Source: RMLS (OR) #17398630 Report a problem
        3/27/2017Listed for sale$135,200$75/sqft
        Source: Oregon Real Estate Services #17398630 Report a problem
        3/23/2017Pending sale$135,200$75/sqft
        Source: Oregon Real Estate Services #17398630 Report a problem
        3/23/2017Listed for sale$135,200-9.9%$75/sqft
        Source: Oregon Real Estate Services #17398630 Report a problem
        7/26/2016Listing removed$150,000$83/sqft
        Source: Keller Williams /Eugene-Spfld #16667457 Report a problem
        6/8/2016Pending sale$150,000-4.5%$83/sqft
        Source: Keller Williams /Eugene-Spfld #16667457 Report a problem
        10/28/2015Listing removed$157,000$87/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        10/19/2015Listed for sale$157,000$87/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        9/21/2015Pending sale$157,000$87/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        8/18/2015Price change$157,000+25.6%$87/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        6/8/2015Pending sale$125,000$69/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        6/3/2015Price change$125,000-13.8%$69/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        5/22/2015Listed for sale$145,000$81/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        2/21/2015Pending sale$145,000$81/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        12/28/2014Price change$145,000-6.5%$81/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        11/26/2014Price change$155,000-6.1%$86/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        10/31/2014Price change$165,000-5.7%$92/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        10/1/2014Price change$175,000-5.4%$97/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        9/19/2014Price change$185,000-2.1%$103/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        8/27/2014Listed for sale$189,000$105/sqft
        Source: Realty ONE Group Platinum #14479366 Report a problem
        7/9/2014Listing removed$189,000$105/sqft
        Source: Realty ONE Group Platinum #14346748 Report a problem
        7/2/2014Price change$189,000-5%$105/sqft
        Source: Realty ONE Group Platinum #14346748 Report a problem
        6/13/2014Listed for sale$199,000-8.7%$111/sqft
        Source: Realty One Group Platinum #14346748 Report a problem
        12/14/2013Listing removed$218,000$121/sqft
        Source: John L Scott Real Estate #13656522 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 97448

        Getting around

        81 / 100
        Very Walkable
        75 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Laurel
        • Middle: Oaklea
        • High: Junction City

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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