Description
Eugene Investment Property 55 & 75 Federal Eugene, OR | 3 Rental Units | $4,545 Monthly Rental Income | Multi-Family Development Potential!Exceptional opportunity to own an income-producing investment property in Eugene, Oregon, featuring 2 separate homes, 3 rental units, and a vacant lot with future development potential! Currently generating $4,545 per month in rental income ($54,540 annually), this versatile property offers immediate cash flow, multiple income streams, and exciting opportunities for expansion.Home #1 - 1,718 Sq. Ft. | 2 Rental Units | 2-Car GarageThis property features two separate rental units. The upper-level unit offers 2 bedrooms and 1 bathroom, while the lower-level unit includes 1 bedroom, 1.5 bathrooms, and 4 additional unfinished rooms. Lower-level rental photos coming soon!Home #2 - 1,520 Sq. Ft. | 4 Bedrooms | 2 BathroomsThe second home features a spacious floor plan, updated kitchen, private fenced yard, and ample parking, making it an attractive rental property. All renters are long term and would like to stay. Additional Rental Income & Development Opportunities!The vacant lot provides potential for additional construction, including a duplex while maintaining the existing homes. Investors and developers may also explore subdividing the property through the City of Eugene, with preliminary subdivision costs estimated at approximately $30,000. Depending on zoning, feasibility, and city approvals, additional duplex or fourplex development may be possible.2 Homes | 3 Rental Units | $54,540 Annual Rental Income | Vacant Lot | Future Development PotentialProperty information provided by the seller. Buyer to independently verify rental income, zoning, permitted uses, rental unit status, subdivision costs, development feasibility, and building requirements with the City of Eugene and appropriate authorities. All future development is subject to applicable approvals.
Details
| MLS # | 640747560 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 9 |
| Listing Provided By | Hybrid Real Estate | Emily Williamson |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,238 |
| Garage | 2 |
| Story(s) | 2 |
| Zoning | R1 |
| Acreage | 0.50 |
Interior
| Heating | Zoned |
|---|---|
| Heating Yn | Yes |
| Cooling | None |
| Cooling Yn | No |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | Level |
Parking
| Attached Garage Yn | No |
|---|
Taxes
| Property | 4123 |
|---|
Area Information
| State | OR |
|---|---|
| County | Lane |
| City | Eugene |
| Zip Code | 97404 |
| School District | North Eugene |
| Elementary School | Spring Creek |
| High School | North Eugene |
| Listing VS Median (in 97404) | |
Price: $585,000 low | high Med: $459,000 sqft: 3,238 low | high Med: 2,126 $ / sqft: $181 low | high Med: $216 On site: 9 low | high Med: 177 | |
Market Activity 97404
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Learn More About This Property
| State | OR |
|---|---|
| County | Lane |
| City | Eugene |
| Zip Code | 97404 |
| School District | North Eugene |
| Elementary School | Spring Creek |
| High School | North Eugene |
| Listing VS Median (in 97404) | |
Price: $585,000 low | high Med: $459,000 sqft: 3,238 low | high Med: 2,126 $ / sqft: $181 low | high Med: $216 On site: 9 low | high Med: 177 | |
 | $595,000199 Santa Clara AveEugene, OR 97404 |
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