851 W 5th Ave, Eugene, OR 97402

Eugene
Local realty services provided by:Knipe Realty ERA Powered
851 W 5th Ave,Eugene, OR 97402
$1,300,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: ian crist
Office: bridge creek realty503-508-0131
MLS#:189796170
Source:PORTLAND

Price summary

  • Price:$1,300,000

About this home

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!

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Home facts

  • Year built:1968
  • Listing ID #:189796170
  • Added:609 day(s) ago
  • Updated:October 01, 2026 at 09:03 AM

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1968
  • Lot area:0.22 Acres
  • Levels:2 Stories

Schools

  • Middle school:Kelly

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,300,000
  • Tax amount:$9,352 (2024)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: October 1, 2026

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