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Sold on 06/24/2023
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671 E 16th Ave, Eugene, OR 97401

  • $1,315,000

    Last sold 06/24/2023 after 8 Days

  • —

    bed

  • —

    bath

  • 6,204

    Sqft ($212/Sqft)

Multi-family not for sale
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About 671 E 16th Ave

Property type Multi-family
Neighborhood
Year built 1946
HOA fee $0/month
Rental estimate
Property description
8 unit University area apartment complex located just two blocks from campus. Fully leased for 2023/2024 school year with upside in rents. Vinyl windows with kitchen and bathroom updates.
Listed by
Listing Agent - Kristena Cox
Listing Agent Contact: 541-501-3399
Listing Office - Windermere RE Lane County
Source: RMLS mls logo
MLS#23049108 • last updated 2 years ago
Movoto checked RMLS for data 45 minutes ago
Overview
Heating Baseboard
MLS # 23049108
Type Multi Family
Status Sold
Property Tax 6662.14
Year Built 1946
Exterior
Exterior Features Wood Siding
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View City
County Lane
Subdivision WEST UNIVERSITY NEIGHBORS
Area 243 - Lane Co: East Eugene
Elementary School Edison
Middle School Roosevelt
High School South Eugene
Zoning R-3
Directions Hilyard To E. 16th To Address
APN 286375
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 3
Unit Type 6: # Bedrooms 1
Unit Type 1 : Total Baths 1
Unit Type 5: # Bedrooms 1
Unit Type 2: # Bedrooms 1
Unit Type 3: # Bedrooms 1
Unit Type 6: Total Baths 1
Unit Type 4: Total Baths 1
Unit Type 7: Total Baths 1
Unit Type 8: # Bedrooms 2
Unit Type 7: # Bedrooms 1
Unit Type 2: Total Baths 1
Unit Type 4: # Bedrooms 3
Unit Type 8: Total Baths 1
Unit Type 5: Total Baths 1
Unit Type 6: Rent 845
Unit Type 1: Rent 2250
Unit Type 7: Rent 1125
Unit Type 4: Rent 1920
Unit Type 3: Rent 1425
Unit Type 2: Rent 1200
Unit Type 5: Rent 1095
Unit Type 8: Rent 1492
Total # of Units 8
Gross Rent Multiplier 10.21
Operating Expense Scheduled 39555
Net Operating Income 91293
Operating Expense 45327
Gross Scheduled Income 144340
Gross Income 136620
Cap Rate 6.54
Net Scheduled Income 104785
Lot/ Land Details
Road Surface Concrete
We are not permitted to show value estimates for this property.
  • Jul 2023
    mls logo MLS # 23049108
  • Jul 10, 2023 Sold
    $1,315,000 (-5.7%)
  • Jun 25, 2023 Pending
    —
  • Jun 19, 2023 Price Change
    $1,395,000 (+4.1%)
  • Jun 16, 2023 Listed
    $1,340,000
  • 671 E 16th Ave
    $1.31M
  • West University
    $565K -54% y/y
  • 97401
    $599K +8% y/y
  • Eugene
    $524K -2% y/y
No chart available
Statistics calculated by Movoto

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6/10
Edison Elementary School
public Grades K-5
Eugene School District 4j
5/10
Roosevelt Middle School
public Grades 6-8
Eugene School District 4j
8/10
South Eugene High School
public Grades 9-12
Eugene School District 4j
Source: GreatSchools.org © 2026. All rights reserved.

Around West University

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