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!
Active
$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
- 527 days |
- 285 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Ian Crist 503-508-0131,
Bridge Creek Realty
Source: RMLS (OR),MLS#: 189796170
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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
- 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 |
|---|---|---|
| 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$270/sqft |
Source: RMLS (OR) #189796170 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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: Whiteaker
Nearby schools
GreatSchools rating
- 7/10River Road/El Camino Del Rio Elementary SchoolGrades: K-5Distance: 1.9 mi
- 6/10Kelly Middle SchoolGrades: 6-8Distance: 2.9 mi
- 3/10North Eugene High SchoolGrades: 9-12Distance: 3.1 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Oregon
- Lane County
- Eugene
- 97402
- Whiteaker
- 851 W 5th Ave
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