Movoto Real Estate
Sold on 09/28/2023
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688690 E 40th Ave, Eugene, OR 97405

  • $579,000

    Last sold 09/28/2023 after 1 Day

  • bed

  • bath

  • 1,856

    Sqft ($312/Sqft)

Multi-family not for sale
Movoto is helping 36 homebuyers near you

About 688690 E 40th Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Rental estimate
Property description
Well Maintained and updated Duplex in Tranquil SE Eugene Location -Ideal Proximity to UofO and Downtown. Welcome to this meticulously maintained duplex nestled in the peaceful heart of SE Eugene. This charming property offers the perfect blend of serenity in a quiet neighborhood while also enjoying the convenience of easy access to bus lines leading to the University of Oregon and downtown, and steps away distance to groceries, restaurants, and shops. Featuring two bedrooms per side, each unit provides comfortable living arrangements. The inclusion of a one-car garage with each unit ensures ample parking and storage options for residents. The low-maintenance fenced yard adds an extra layer of privacy and ease to your lifestyle. Inside, the timeless allure of wood floors creates an inviting atmosphere, with the convenience of indoor laundry facilities simplifies daily tasks. This duplex is not just a place to reside; it's a welcoming and well-kept haven that offers a perfect blend of convenience and comfort in one of Eugene's most sought-after neighborhoods. Rare opportunity with both sides available for options like - Airbnb one or both sides, live in one and rent the other, or dual independent living. Don't miss your opportunity to explore this outstanding property and its potential for investment or owner-occupied living.
Listed by
Listing Agent - Eric Smith
Listing Agent Contact: 541-253-4090
Listing Office - Heart and Home Real Estate
Source: RMLS mls logo
MLS#23407679 • last updated 2 years ago
Movoto checked RMLS for data 1 minute ago
Overview
Heating Baseboard
MLS # 23407679
Type Multi Family
Status Sold
Property Tax 4079.94
Year Built 1962
Exterior
Roof Other
# Parking Spaces 2
Exterior Features Wood Siding
Lot Desc Corner Lot, Gentle Sloping, Trees
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 243 - Lane Co: East Eugene
Elementary School Camas Ridge
Middle School Spencer Butte
High School South Eugene
Zoning R3
Directions Hilyard To Address At Corner Of Hilyard And 40th
APN 671444
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 2: Rent 950
Total # of Units 2
Gross Rent Multiplier 50.79
Net Operating Income 11400
Gross Income 11400
Cap Rate 1.97
Lot/ Land Details
Road Surface Concrete
We are not permitted to show value estimates for this property.
  • Oct 2023
    mls logo MLS # 23407679
  • Oct 31, 2023 Sold
    $579,000
  • Sep 28, 2023 Pending
  • Sep 28, 2023 Listed
    $579,000
  • 688690 E 40th Ave
    $579K
  • Southeast Eugene
    $525K -6% y/y
  • 97405
    $649K +8% y/y
  • Eugene
    $524K -2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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