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!… Read More 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. Read Less
Listing courtesy of Hybrid Real Estate.
Listing Snapshot
Days Online
0
Last Updated
Property Type
SingleFamilyResidence
Beds
6
Full Baths
4
Square Ft.
3,238
Lot Size
0.5 Acres
Year Built
1928
MLS Number
640747560
30 Days Snapshot Of 97404
$432k
-16%
(avg) sold price
15
-68%
homes sold
23
-53%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Architectural Style: Other, Building Area Calculated: 2218, Building Area Description: RLID, Building Area Total: 3238, Built in 1928, Lower Level Area Total: 1020, Main Level Area Total: 1520, Stories: 2, Upper Level Area Total: 698
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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