Gated Apartment
For Sale
$2,410,000
1230 West 7th Avenue, Eugene, OR 97402
Fully leased, professionally managed multifamily property with recent exterior and building-envelope upgrades.
Property Size350 SF
Price / SF$6,885
Days on Market476
Property Features for 1230 West 7th Avenue
General Information
Standard status
Active
Size
350 SF
Property subtype
Multi Family
Zoning
C-2
Taxes and HOA fees
Annual Taxes
$6,996
Amenities
2
Membrane
T111Siding, Wood Siding
Building Details
Year Built
1968
Listing Agency:
Jennings Group Inc
(541) 285-0053
Listed By:
Darren Stone · License #201006104
(541) 285-0053
Source:
Compass
Added: May 14, 2025
Changed: Aug 30
Last Checked: Aug 31 at 9:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jennings Group Inc
Investment Insights
Based on property information with market context.
This apartment community comprises two buildings on 0.39 acres and dates to 1968. The property is fully leased and professionally managed, with recent owner-funded improvements that include security gates, second-floor railings, exterior paint, and new membrane roofs on both buildings.
Located at 1230 West 7th Avenue in Eugene, Oregon, the property carries C-2 zoning. Reported performance includes a 5.7% cap rate based on actual income and expenses, with a 6.4% cap rate based on current turnover rent.
Located at 1230 West 7th Avenue in Eugene, Oregon, the property carries C-2 zoning. Reported performance includes a 5.7% cap rate based on actual income and expenses, with a 6.4% cap rate based on current turnover rent.
Key Highlights
- Two‑building apartment community on 0.39 acres
- Fully leased and professionally managed
- New membrane roofs installed on both buildings
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
Explore this area
Business Placement
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased, professionally managed multifamily property with recent exterior and building-envelope upgrades.
Where is this apartment building located?
The property is located at 1230 West 7th Avenue Eugene, OR.
What is the asking price?
The asking price for this property is $2,410,000.
What are key features of this property?
This property features: Two‑building apartment community on 0.39 acres; Fully leased and professionally managed; New membrane roofs installed on both buildings
