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Sold on 05/25/2023
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723 Highway 99, Eugene, OR 97402

  • $1,838,000

    Last sold 05/25/2023 for $1.05M

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    bed

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    bath

Multi-family not for sale
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About 723 Highway 99

Property type Multi-family
Neighborhood
Year built 1939
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
9 residential units and 1 commercial unit on 1 acre. 3 houses: 2 w/2 bedrooms, 1 w/1 bedroom. 6 unit single story row apartments - each unit w/1 bedroom & attached garage. $50k+ complete remodel of front 2 bedroom house (#7) in 2022 w/all new kitchen, bathroom, etc. Photos 4-20 of unit 7. Some updating in other units including newer kitchen cabinets in several units & some remodeled bathrooms. Photos 21-40 are of several of the units in the 6-plex. Vinyl windows in all units. New water line installed 2018. Commercial lease to 12/31/25. Many long term tenants - low vacancy. Rents for two units increase 7/1: +$120/month income increase. All other rent increases go into effect 6/1 and are listed in the unit description. Photos of all units prior to occupancy.
Listed by
Listing Agent - Brian Kester
Listing Office - Bell Real Estate
Source: RMLS mls logo
MLS#23356881 • last updated 3 years ago
Movoto checked RMLS for data 46 minutes ago
Overview
Heating Wall Furnace
MLS # 23356881
Type Multi Family
Status Sold
Property Tax 8904.44
Year Built 1939
Exterior
Roof Composition
Exterior Features Plywood, Stucco, T-111 Siding, Wood Siding
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 246 - Lane Co: Danebo
Elementary School Malabon
Middle School Cascade
High School Willamette
Zoning C-2
Directions 1 Block South Of Royal Ave. On East Side Of Hwy 99 N.
APN 448991
Multifamily Details
Unit Type 3: Total Baths 1
Unit Type 1: # Bedrooms 1
Unit Type 6: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 5: # Bedrooms 2
Unit Type 2: # Bedrooms 2
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 7: # Bedrooms 1
Unit Type 2: Total Baths 2
Unit Type 4: # Bedrooms 1
Unit Type 8: Total Baths 2
Unit Type 5: Total Baths 1
Unit Type 6: Rent 990
Unit Type 1: Rent 680
Unit Type 7: Rent 900
Unit Type 4: Rent 690
Unit Type 3: Rent 780
Unit Type 2: Rent 720
Unit Type 5: Rent 1395
Unit Type 8: Rent 1075
Total # of Units 10
Gross Rent Multiplier 12.53
Operating Expense Scheduled 38000
Operating Expense 111180
Gross Scheduled Income 102675
Gross Income 87797
Net Scheduled Income 64675
Lot/ Land Details
Road Surface Gravel, Paved
$1.83M
Range: $1.08M-$2.59M
Last 30 days 
Rental est.: $1,094/month
Gross rent multiplier: 80.4
  • Jun 2023
    mls logo MLS # 23356881
  • Jun 30, 2023 Sold
    $1,055,000
  • May 25, 2023 Pending
    —
  • May 25, 2023 Listed
    $1,100,000 (+147.2%)
  • Jun 2023
    Public Records
  • Jun 30, 2023 Sold
    $1,055,000 (-4.1%)
  • Mar 2006
    Public Records
  • Mar 13, 2006 Sold
    $445,000 (+17.1%)
  • Jul 2002
    Public Records
  • Jul 16, 2002 Sold
    $380,000
  • 723 Highway 99
    $1.05M
  • Trainsong
    $367K +5% y/y
  • 97402
    $425K 0% y/y
  • Eugene
    $525K -4% y/y
No chart available
Statistics calculated by Movoto

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3/10
Malabon 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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