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851 W 5th Ave, Eugene, OR 97402

  • $1,300,000

  • —

    bed

  • —

    bath

Multi-family for sale 466 days
$75K price drop
Movoto is helping 36 homebuyers near you

About 851 W 5th Ave

Property type Multi-family
Neighborhood
Year built 1968
HOA fee $0/month
Lot size 9,583 Sqft
Rental estimate
Property description
Investor Opportunity! This 8-unit apartment building is only 2 miles from the University of Oregon campus and boasts a 6.13% cap rate on current income. All units are 2-bed/1-bath, 648 sqft. Amenities include on-site laundry, 10 parking spots and shared balconies. Recent upgrades include new exterior paint, new flooring, new cabinets and updated bathrooms in select units. A new owner could recapture $4,800/year by implementing utility bill-backs. Don't miss out on this opportunity!
Listed by
Listing Agent - Ian Crist
Listing Office - Bridge Creek Realty
Source: RMLS mls logo
MLS#189796170 • last updated 3 weeks ago
Movoto checked RMLS for data 9 minutes ago
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Overview
Heating Baseboard
MLS # 189796170
Type Multi Family
Status Active
Lot Size (SqFt) 9583
Lot Size (Acres) 0.22
Property Tax 9351.68
Year Built 1968
Exterior
Exterior Features Wood Composite
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Lane
Area 245 - Lane Co: West Eugene
Middle School Kelly
Zoning MF
Directions W HWY99 > N Monroe St. > W 5th St.
APN 265320
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 1
Unit Type 1: Rent 1370
Total # of Units 8
Gross Rent Multiplier 10.36
Operating Expense Scheduled 40980
Net Operating Income 85774
Operating Expense 39655
Gross Scheduled Income 141478
Gross Income 125430
Cap Rate 6.6
Net Scheduled Income 100498
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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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  • Real Estate
  • OR
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  • 851 W 5th Ave

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