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1281 Hwy 99n, Eugene, OR 97402

  • $999,000

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    bed

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    bath

Multi-family for sale 1569 days
$101K price drop
Movoto is helping 36 homebuyers near you

About 1281 Hwy 99n

Property type Multi-family
Neighborhood
Year built 1946
HOA fee $0/month
Lot size 2.53 Acre
Rental estimate
Property description
Two lots sold together (MLS#22057606)- horseshoe shaped lots around Budget Lodge (not included). Overhead drone photos are from 2022. Lots include large open space for potential additional dwellings - buyer to verify. Large pond with possibility to fill in for additional land space - buyer to verify with city, but city said it was possible in 2022. 5 houses & 1 commercial building. Large 4 bedroom, 2 bath home; two 1 bedroom, 1 bath homes; two 2 bedroom, 1 bath homes; and a vacant commercial building. There was at one time a home between the large house and the smaller homes - utilities should still be there. Homes are rented month-to-month. Last rent for commercial space was $1750. Deferred maintenance in all units. Showing of commercial space and 1 bedroom home (1293 #3) by appointment only. Showings of occupied homes only with an accepted offer. DO NOT DISTURB TENANTS. Tax lot ID#’s 0424364 & 0424380
Listed by
Listing Agent - Brian Kester
Listing Office - Bell Real Estate
Source: RMLS mls logo
MLS#22016089 • last updated 2 days ago
Movoto checked RMLS for data 12 minutes ago
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Overview
Heating Baseboard, WallHeater
MLS # 22016089
Type Multi Family
Status Active
Lot Size (SqFt) 110206
Lot Size (Acres) 2.53
Property Tax 8027
Year Built 1946
Exterior
Roof Composition, Membrane
Exterior Features Wood Siding
Lot Desc Level, Pond, Trees, Wooded
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Pond
Waterfront Other
County Lane
Area 246 - Lane Co: Danebo
Elementary School Malabon
Middle School Cascade
High School Willamette
Zoning C-2
Directions Hwy 99 - East Side Of Street Near Intersection Of Fairfield Ave.
APN 424364
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 4
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 2
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 1
Unit Type 5: Total Baths 2
Unit Type 1: Rent 1800
Unit Type 4: Rent 775
Unit Type 3: Rent 955
Unit Type 2: Rent 885
Total # of Units 6
Gross Rent Multiplier 17.26
Net Operating Income 39912
Operating Expense 25802
Gross Income 57890
Cap Rate 4
Lot/ Land Details
Road Surface Gravel, Paved
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3/10
Malabon Elementary School
public Grades K-5
Bethel School District 52
1/10
Cascade Middle School
public Grades 6-8
Bethel School District 52
4/10
Willamette High School
public Grades 9-12
Bethel School District 52
Source: GreatSchools.org © 2026. All rights reserved.

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