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265 W 8th Ave, Eugene, OR 97401

$11,639,000
  • —

    bed

  • —

    bath

  • 94,861

    Sqft ($123/Sqft)

Multi-family for sale 17 hours
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About 265 W 8th Ave

Property type Multi-family
Neighborhood
Year built 2008
HOA fee $0/month
Lot size 0.83 Acre
Rental estimate
Property description
The WestTown on 8th is a well-positioned mixed-use community offering attractive affordable housing in the heart of downtown Eugene. Built in 2008, the property includes 111 units across two buildings totaling 94,861 square feet on 0.83 acres. Featuring a diverse mix of studios, one-bedroom and two-bedroom units along with nine live/work units. Over $3,500,000 in recent improvements to building siding, HVAC and elevator modernization. Property was built with Section 42 LIHTC tax credits and has affordability restrictions that run into 2083. **Offers Are Due on October 22, 2026***
Listed by
Listing Agent - Kristena Cox
Listing Agent Contact: 541-501-3399
Listing Office - Windermere RE Lane County
Source: RMLS mls logo
MLS#515399097 • last updated 1 day ago
Movoto checked RMLS for data 8 minutes ago
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Overview
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Heating Wall Furnace
MLS # 515399097
Type Multi Family
Status Active
Lot Size (SqFt) 36154
Lot Size (Acres) 0.83
Property Tax 6091.42
Year Built 2008
Exterior
Roof Flat
# Parking Spaces 52
Exterior Features Cement Siding
Lot Desc Level
Amenities / Utilities
Hot Water Other
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View City
County Lane
Community Features AllLandscaping, Commons, Laundry
Area 245 - Lane Co: West Eugene
Elementary School River Road
Middle School Kelly
High School North Eugene
Zoning C-2
Directions 8th St To Address
APN 260289
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 1
Unit Type 3: # Bedrooms 2
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 1
Unit Type 1: Rent 785
Unit Type 4: Rent 1600
Unit Type 3: Rent 825
Unit Type 2: Rent 700
Total # of Units 111
Gross Rent Multiplier 8.54
Operating Expense Scheduled 676554
Net Operating Income 681594
Operating Expense 681634
Gross Scheduled Income 1665936
Gross Income 1363227
Cap Rate 5.86
Net Scheduled Income 989382
Lot/ Land Details
Road Surface Paved
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4/10
Kelly Middle School
public Grades 6-8
Eugene School District 4j
3/10
North Eugene High School
public Grades 9-12
Eugene School District 4j
Source: GreatSchools.org © 2026. All rights reserved.

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