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1546 Willamette St, Eugene, OR 97401

$3,750,000
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    bed

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    bath

Multi-family for sale 42 days

About 1546 Willamette St

Property type Multi-family
Neighborhood
Year built 1945
HOA fee $0/month
Lot size 6,534 Sqft
Rental estimate
Property description
The West Eugene Multifamily Portfolio offers 42 residential units plus an office/storage space across four centrally located Eugene properties. The portfolio includes 10 buildings totaling approximately 22,212 square feet and a diversified unit mix of 12 studios/SROs, 22 one-bedroom units, seven two-bedroom units, and one three-bedroom single-family residence. All four properties provide off-street parking, with 32 total spaces, and multiple locations include on-site laundry.The portfolio combines vintage character with meaningful capital improvements, including newer roofing and siding at select properties, along with interior renovations completed as units have turned. Current scheduled NOI is approximately $275,335, providing a 7.34% cap rate at the asking price, with additional upside available through continued rent growth, unit renovations, and operational improvements.
Listed by
Listing Agent - Ian Crist
Listing Office - Bridge Creek Realty
Source: RMLS mls logo
MLS#601208080 • last updated 1 month ago
Movoto checked RMLS for data 6 minutes ago
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Overview
Heating Baseboard, WallHeater
MLS # 601208080
Type Multi Family
Status Active
Lot Size (SqFt) 6534
Lot Size (Acres) 0.15
Property Tax 2403.07
Year Built 1945
Exterior
Exterior Features LapSiding, WoodSiding
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 245 - Lane Co: West Eugene
Elementary School Adams
Middle School Roosevelt
High School South Eugene
Zoning R7
Directions Four Eugene Locations
APN 278232
Multifamily Details
Unit Type 1 : Total Baths 1
Unit Type 9: Total Baths 1
Unit Type 2: # Bedrooms 1
Unit Type 9: # Bedrooms 3
Unit Type 7: Total Baths 1
Unit Type 8: # Bedrooms 2
Unit Type 7: # Bedrooms 1
Unit Type 2: Total Baths 1
Unit Type 8: Total Baths 1
Unit Type 1: Rent 619
Unit Type 7: Rent 910
Unit Type 9: Rent 1370
Unit Type 2: Rent 932
Unit Type 8: Rent 1093
Total # of Units 42
Gross Rent Multiplier 8.66
Operating Expense Scheduled 183831
Net Operating Income 275335
Operating Expense 157793
Gross Scheduled Income 475875
Gross Income 433128
Cap Rate 7.34
Net Scheduled Income 292045
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Source: GreatSchools.org © 2026. All rights reserved.

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