Damonian Pike

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Listing provided courtesy of Bridge Creek Realty- MLS# 189796170MLS Provider

851 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
Community data courtesy of LiveBy, Inc.

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.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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
Calculations provided by Reliance Network

851 W 5TH AVE History

Date Event Value Agent
4/14/2026Source: Regional MLS Price Reduction
$1,300,000 -5.5%
3/14/2025Source: Regional MLS Price Reduction
$1,375,000 -1.8%
1/29/2025Source: Regional MLS Added to Database
January 29, 2025