Listing provided courtesy of Bridge Creek Realty- MLS# 189796170
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Request Info851 W 5TH AVEEugene, OR 97402
Multi-Family · 0.22 Acres$1,300,000
Active
851 W 5TH AVE Overview
- Time on Site:
- 516 days
- Visits:
- 0
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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851 W 5TH AVE Facts & Features
- Type Multi-Family
- Lot 0.22 Acres
Details
General
School Information
- Middle Or Junior School: Kelly
Income/Expenses
- Gross Income: 125430.0
- Gross Scheduled Income: 141478.0
- Net Operating Income: 85774.0
- Operating Expense: 39655.0
Building Information
- Year Built: 1968
Location/Region
- Country: US
- County Or Parish: Lane
- MLS Area Major: 245 - Lane Co: West Eugene
Rent/Lease Information
- Rent Includes: Maintenance Grounds,Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 9351.68
- Tax Year: 2024
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 0265320
- Property Condition: Existing
- Property Type: Multi Family
- Zoning: MF
Interior
General Information
- Heating: Baseboard
- Stories: 2
Exterior
Lot Information
- Lot Size Acres: 0.22
- Lot Size Square Feet: 9583.0
- Water Source: Public Water
General Information
- Number Of Units Total: 8
- Sewer: Public Sewer
851 W 5TH AVE Neighborhood
Community
97402 (Eugene) Demographics
37
Median Age
695
Population Density (per sq. mile)
34%
College Educated
$46,504
Estimated Median Income
10,344
Estimated Total Home Owners
11,438
Estimated Total Renters
47% / 53%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.851 W 5TH AVE Monthly Cost
851 W 5TH AVE Market Data
Based on the last 30 days in this zip code
$420,543
Average List Price
$264
Average Price per Square Foot
52
Properties Sold
87
Average Days on Market
215
Properties for Sale
851 W 5TH AVE History
| Date | Value | Agent |
|---|---|---|
| 4/14/2026Source: Regional MLS | $1,300,000 -5.5% |
|
| 3/14/2025Source: Regional MLS | $1,375,000 -1.8% |
|
| 1/29/2025Source: Regional MLS | January 29, 2025 |