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490 W 4th Ave, Eugene, OR 97401

  • $325,000

  • —

    bed

  • —

    bath

Multi-family pending
Movoto is helping 36 homebuyers near you

About 490 W 4th Ave

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 4,356 Sqft
Rental estimate
Property description
Unique development opportunity in downtown Eugene. Seller has preliminary plans drawn for a 20 unit apartment or up to a 69 unit single room occupancy complex. Drawings can be provided upon request. Package deal can be made if 427 Washington is also purchased with 490 W 4th ave. Great walk & bike-score! Near The Owen Rose Garden, Downtown Shops, Whiteaker Breweries, the Willamette River, and more! There is so much to see & do in the heart of Eugene. These properties also make great long-term rental investments with the current tenants. (Do don't disturb current tenants, please.) New price! $325,000.
Listed by
Listing Agent - Kit Sixel
Listing Agent Contact: 541-954-1915
Listing Office - Sixel Real Estate
Source: RMLS mls logo
MLS#779161066 • last updated 9 months ago
Movoto checked RMLS for data 9 minutes ago
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Overview
Cooling/AC None
Heating Wall Heater
MLS # 779161066
Type Multi Family
Status Active
Lot Size (SqFt) 4356
Lot Size (Acres) 0.1
Property Tax 2178.66
Year Built 1900
Exterior
Roof Composition
# Parking Spaces 2
Exterior Features Wood Siding
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Subdivision North Eugene Mixed Downtown
Area 247 - Lane Co: River Road
Elementary School River Road
Middle School Kelly
High School North Eugene
Zoning S-W/SR
Directions Corner Of West 4th Ave & Washington
APN 256477
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 1
Unit Type 2: Total Baths 1
Unit Type 1: Rent 1050
Unit Type 2: Rent 895
Total # of Units 2
Gross Rent Multiplier 13.92
Net Operating Income 21161
Operating Expense 2179
Gross Income 23340
Cap Rate 6.51
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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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81/100
Walk
66/100
Family
75/100
Dining
90/100
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  • Real Estate
  • OR
  • Lane County
  • Eugene
  • 97401
  • Downtown Eugene
  • 490 W 4th Ave

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