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Sold on 01/09/2022
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648 W 5th Ave, Eugene, OR 97402

  • $484,000

    Last sold 01/09/2022 for $415K

  • —

    bed

  • —

    bath

  • 3,188

    Sqft ($130/Sqft)

Multi-family not for sale
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About 648 W 5th Ave

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Historic home converted to apartments in the 1960's. Two 1 bedroom units on main level, 3 bedroom unit upstairs (side access) & rear access to basement apartment (remodeled 2017). New roof 2010. West basement wall (along driveway) waterproofed by John's Waterproofing 2016. Separate hot water heaters & electric meters for each unit. Ample parking & alley access. Large private storage room with laundry hook-ups (could be common laundry). Interior photos prior to occupation. Sold 'as-is'.
Listed by
Listing Agent - Brian Kester
Listing Office - Bell Real Estate
Source: RMLS mls logo
MLS#21243644 • last updated 4 years ago
Movoto checked RMLS for data 10 minutes ago
Overview
Cooling/AC None
Heating Baseboard
MLS # 21243644
Type Multi Family
Status Sold
Property Tax 3458.65
Year Built 1900
Exterior
Roof Composition
Exterior Features Wood Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 245 - Lane Co: West Eugene
Elementary School River Road
Middle School Kelly
High School North Eugene
Zoning R-2/SR
Directions W. 6th Or W. 7th To North On Madison To East On W. 5th Street - On Right
APN 263838
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 1
Unit Type 1 : Total Baths 1
Unit Type 2: # Bedrooms 1
Unit Type 3: # Bedrooms 3
Unit Type 4: Total Baths 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 2
Unit Type 1: Rent 675
Unit Type 4: Rent 795
Unit Type 3: Rent 855
Unit Type 2: Rent 720
Total # of Units 4
Gross Rent Multiplier 12.54
Net Operating Income 16459
Operating Expense 19436
Gross Scheduled Income 37320
Gross Income 35895
Cap Rate 3.66
Lot/ Land Details
Road Surface Paved
$484K
Range: $396K-$571K
Last 30 days 
Rental est.: $1,183/month
Gross rent multiplier: 29.2
  • Feb 2022
    mls logo MLS # 21243644
  • Feb 11, 2022 Sold
    $415,000 (-14.4%)
  • Sep 1, 2021 Pending
    —
  • Aug 19, 2021 Listed
    $485,000 (+16.9%)
  • Nov 2019
    mls logo MLS # 19561912
  • Nov 6, 2019 Pending
    —
  • Nov 5, 2019 Listed
    $414,900
  • 648 W 5th Ave
    $415K
  • Whiteaker
    $537K +22% y/y
  • 97402
    $429K +1% y/y
  • Eugene
    $526K -4% y/y
No chart available
Statistics calculated by Movoto

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6/10
River Road/El Camino Del Rio Elementary School
public Grades K-5
Eugene School District 4j
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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