Investor Opportunity! This 8-unit apartment building is only 2 miles from the University of Oregon campus and boasts a 6.13% cap rate on current income. All units are 2-bed/1-bath, 648 sqft. Amenities include on-site laundry, 10 parking spots and shared balconies. Recent upgrades include new exterior paint, new flooring, new cabinets and updated bathrooms in select units. A new owner could recapture $4,800/year by implementing utility bill-backs. Don't miss out on this opportunity!
Pending
$1,300,000
851 W 5th Ave, Eugene, OR 97402
16beds
5,184sqft
Multi Family
Built in 1968
-- sqft lot
$-- Zestimate®
$251/sqft
$-- HOA
What's special
Updated bathroomsNew flooringNew cabinetsShared balconiesOn-site laundryNew exterior paint
- 593 days
- 183
- 3
Zillow last checked:
Listing updated:
Listed by:
Ian Crist 503-508-0131,
Bridge Creek Realty
Source: RMLS (OR),MLS#: 189796170
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard
Interior area
- Total structure area: 5,184
- Total interior livable area: 5,184 sqft
Property
Features
- Stories: 2
Lot
- Size: 9,583 Square Feet
- Features: SqFt 7000 to 9999
Details
- Parcel number: 0265320
- Zoning: MF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Composite
Condition
- Existing
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Eugene
Financial & listing details
- Price per square foot: $251/sqft
- Annual tax amount: $9,351
- Date on market: 1/29/2025
- Cumulative days on market: 593 days
- Listing terms: Cash,Conventional
- Total actual rent: 10960
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Pending sale | $1,300,000$251/sqft |
Source:  RMLS (OR) #189796170 Report a problem | ||
| 4/15/2026 | Listed for sale | $1,300,000-5.5%$251/sqft |
Source: RMLS (OR) #189796170 Report a problem | ||
| 5/26/2025 | Listing removed | $1,375,000$265/sqft |
Source: RMLS (OR) #189796170 Report a problem | ||
| 3/14/2025 | Price change | $1,375,000-1.8%$265/sqft |
Source: RMLS (OR) #189796170 Report a problem | ||
| 1/30/2025 | Listed for sale | $1,400,000$270/sqft |
Source: RMLS (OR) #189796170 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.Climate risks
Neighborhood: Whiteaker
Nearby schools
Schools provided by the listing agent
- Middle: Kelly
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
