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Sold on 07/20/2021
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1242 E 23rd Ave, Eugene, OR 97403

  • $633,000

    Last sold 07/20/2021 after 68 Days

  • —

    bed

  • —

    bath

  • 2,336

    Sqft ($271/Sqft)

Multi-family not for sale
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About 1242 E 23rd Ave

Property type Multi-family
Neighborhood
Year built 1948
HOA fee $0/month
Rental estimate
Property description
Rare investment opportunity to own a duplex in a prime campus location. Sitting between University park and Edison Elementary, this is a beautiful, well-kept street. Each unit is 3/2 with indoor laundry, it's own outdoor space (deck and patio) and off-street parking. Updates include laminate flooring, kitchen cabinets, appliances, and newer roof. Current leases = $3590/month.
Listed by
Listing Agent - Leah Hyland
Listing Office - Windermere RE Lane County
Source: RMLS mls logo
MLS#21019857 • last updated 4 years ago
Movoto checked RMLS for data 9 minutes ago
Overview
Heating Zoned
MLS # 21019857
Type Multi Family
Status Sold
Property Tax 4788.18
Year Built 1948
Exterior
Roof Composition
Exterior Features Shake Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 243 - Lane Co: East Eugene
Elementary School Edison
Middle School Roosevelt
High School South Eugene
Zoning R1
Directions Between University And Onyx On E. 23rd.
APN 596682
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 2
Unit Type 1: Rent 1795
Total # of Units 2
Gross Rent Multiplier 14.6
Operating Expense Scheduled 6240
Net Operating Income 36840
Operating Expense 6240
Gross Scheduled Income 43740
Gross Income 43080
Cap Rate 5.86
Net Scheduled Income 37500
Lot/ Land Details
Road Surface Gravel, Paved
  • Aug 2021
    mls logo MLS # 21019857
  • Aug 20, 2021 Sold
    $633,000 (+0.6%)
  • May 17, 2021 Pending
    —
  • May 13, 2021 Listed
    $629,000

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Nearby homes for sale in Eugene, OR

  • Real Estate
  • OR
  • Lane County
  • Eugene
  • 97403
  • South University
  • 1242 E 23rd Ave
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Eugene, OR

  • 1242 E 23rd Ave
    $633K
  • South University
    $657K -4% y/y
  • 97403
    $645K -2% y/y
  • Eugene
    $524K -2% y/y
No chart available
Statistics calculated by Movoto
6/10
Edison Elementary School
public Grades K-5
Eugene School District 4j
5/10
Roosevelt Middle School
public Grades 6-8
Eugene School District 4j
8/10
South Eugene High School
public Grades 9-12
Eugene School District 4j
Source: GreatSchools.org © 2026. All rights reserved.
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