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Sold on 07/29/2025
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3118 Richard Ave, Eugene, OR 97402

  • $370,000

    Last sold 07/29/2025 after 120 Days

  • —

    bed

  • —

    bath

  • 1,828

    Sqft ($202/Sqft)

Multi-family not for sale
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About 3118 Richard Ave

Property type Multi-family
Neighborhood
Year built 1947
HOA fee $0/month
Lot size 8,712 Sqft
Rental estimate
Property description
This is a great opportunity for an owner occupied buyer or an investor. The duplex has been updated & maintained well by the owners. Both tenants are month to month & would like to stay. In 2018 the owner did: New siding & ext paint, new plumbing, new HVAC, new electrical & new appliances. Both units probably need interior paint & carpet.. Joint laundry room shared by both uints. Front unit has bonus room upstairs & larger yard.
Listed by
Listing Agent - Tim Duncan
Listing Agent Contact: Tim@timduncanre.com
Listing Office - Tim Duncan Real Estate
Source: RMLS mls logo
MLS#102954631 • last updated 10 months ago
Movoto checked RMLS for data 6 minutes ago
Overview
Cooling/AC Heat Pump
Heating Forced Air
MLS # 102954631
Type Multi Family
Virtual Tour N/A
Status Sold
Lot Size (SqFt) 8712
Lot Size (Acres) 0.2
Property Tax 3256.29
Year Built 1947
Exterior
Roof Metal
Exterior Features ShakeSiding, WoodSiding
Amenities / Utilities
Hot Water Tank
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 245 - Lane Co: West Eugene
Elementary School Fairfield
Middle School Cascade
High School Willamette
Zoning C-2
Directions Highway 99 To Richard Ave
APN 1313418
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1000
Unit Type 2: Rent 1200
Total # of Units 2
Gross Rent Multiplier 15.28
Net Operating Income 25200
Operating Expense 22800
Gross Income 25200
Cap Rate 6.55
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Jan 2026
    mls logo MLS # 343394896
  • Jan 6, 2026 Listed
    $370,000
  • Aug 2025
    mls logo MLS # 102954631
  • Aug 29, 2025 Sold
    $370,000 (-3.9%)
  • Jul 29, 2025 Pending
    —
  • Jun 3, 2025 Price Change
    $385,000 (-3.7%)
  • Jun 3, 2025 Price Change
    $399,900 (+3.3%)
  • Jun 3, 2025 Price Change
    $387,000 (-3.2%)
  • Mar 31, 2025 Listed
    $399,900
  • 3118 Richard Ave
    $370K
  • Bethel
    $430K -5% y/y
  • 97402
    $430K +1% y/y
  • Eugene
    $529K -3% y/y
No chart available
Statistics calculated by Movoto

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7/10
Fairfield 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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