Movoto Real Estate
Sold on 05/25/2025
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171 Monroe St, Eugene, OR 97402

  • $432,500

    Last sold 05/25/2025 after 34 Days

  • bed

  • bath

  • 1,812

    Sqft ($239/Sqft)

Multi-family not for sale
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About 171 Monroe St

Property type Multi-family
Neighborhood
Year built 1938
HOA fee $0/month
Lot size 6,534 Sqft
Rental estimate
Property description
Charming Whiteaker Tri-Plex with loads of potential and plenty of personality. Situated near the lively heart of Eugene’s iconic Whiteaker neighborhood, this one-of-a-kind tri-plex offers vintage vibes and serious upside. The front home—a classic from the early 1900s—oozes character, while two cozy, two-story units behind (a studio and a one-bedroom) add extra flexibility and income potential. A shared yard and laundry area contribute to the community feel, perfect for tenants who enjoy the neighborly vibe—or a future owner who might want to keep tabs on the garden. And the location? You can practically smell the fresh-roasted coffee and craft beer in the air. Local cafés, breweries, parks and riverpath are just a short stroll away. The property’s been on cruise control for a while under a wonderful owner and it’s ready for a fresh make over — and maybe a toolkit. The main house has a brand new roof while the back building was replaced just a few years ago. With current rents below market, there’s an opportunity to boost income through thoughtful upgrades and smart management. Whether you're dreaming of multi-generational living, offsetting your mortgage as an owner-occupant, or building long-term investment value, this property checks all the boxes. Yes, it could use a little elbow grease—and with this much charm and potential, it's more than worth the effort. Bring your imagination and unlock the full value of this Whiteaker gem.
Listed by
Listing Agent - Bess Blacquiere
Listing Agent Contact: 541-729-2141
Listing Office - Better Homes and Gardens Real Estate Equinox
Source: RMLS mls logo
MLS#574707348 • last updated 11 months ago
Movoto checked RMLS for data 10 minutes ago
Overview
Cooling/AC None
Heating WallHeater, Zoned
MLS # 574707348
Type Multi Family
Status Active
Lot Size (SqFt) 6534
Lot Size (Acres) 0.15
Property Tax 3224.25
Year Built 1938
Exterior
Roof Composition
# Parking Spaces 2
Exterior Features ShakeSiding, WoodSiding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View City
County Lane
Community Features AllLandscaping, Laundry
Area 245 - Lane Co: West Eugene
Elementary School River Road
Middle School Kelly
High School North Eugene
Zoning S-W
Directions West 1st Avenue - South To Property On East Side Of The Street
APN 253821
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 1
Unit Type 3: # Bedrooms 1
Unit Type 2: Total Baths 1
Unit Type 1: Rent 950
Unit Type 3: Rent 850
Unit Type 2: Rent 800
Total # of Units 3
Gross Rent Multiplier 14.82
Net Operating Income 31200
Operating Expense 24850
Gross Income 31200
Cap Rate 6.75
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Jul 2025
    mls logo MLS # 574707348
  • Jul 2, 2025 Sold
    $432,500 (-6.5%)
  • May 26, 2025 Pending
  • Apr 21, 2025 Listed
    $462,500
  • 171 Monroe St
    $432K
  • Whiteaker
    $435K -1% y/y
  • 97402
    $429K +2% y/y
  • Eugene
    $525K -2% y/y
No chart available
Statistics calculated by Movoto

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4/10
3/10
Source: GreatSchools.org © 2026. All rights reserved.

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