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Downtown Multifamily Development Property
For Sale
$355,000
Pending

427 WASHINGTON ST, Eugene, OR 97401

Preliminary plans outline apartment or single-room occupancy redevelopment options.

Property SizeContact for details
Days on Market440

Property Features for 427 WASHINGTON ST

General Information

Standard status Pending
Total Parking Spaces 1
Property subtype Multi-Family

Additional Details

Asking Price $355,000

Building Details

Year Built 1900
Stories 2
Listing Agency: Sixel Real Estate
Listed By: Kit Sixel · License #200710134
Source: Eugenerealtors.kw
Added: Jun 19, 2025 Changed: Aug 30 Last Checked: Aug 31 at 12:41PM

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 Sixel Real Estate

Investment Insights

Based on property information with market context.

Located at 427 Washington St in downtown Eugene, this multifamily property was built in 1900 and is occupied by current tenants. Preliminary plans have been prepared for a 20-unit apartment project or a single-room occupancy complex with up to 69 units; drawings are available upon request.

The property is near The Owen Rose Garden, downtown shops, Whiteaker breweries, and the Willamette River. Walk and bike scores are described as strong in the source information. The site currently has one dedicated parking space, and current tenants should not be disturbed.

Key Highlights

  • Preliminary plans for a 20‑unit apartment project
  • Alternative concept for up to 69 single‑room occupancy units
  • Located at 427 Washington St in downtown Eugene

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Storage Facility Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,682
Businesses Nearby

Demographics for 97401, OR

45,634
Population
24,220
Households
1.9
Avg Household Size
32
Median Age
47%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
4,907
Density / Sq Mi
$51,244
Median Household Income
$26,604
Median Earnings
$1,318
Median Rent
$472,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Preliminary plans outline apartment or single-room occupancy redevelopment options.
Where is this multifamily property located?
The property is located at 427 WASHINGTON ST Eugene, OR.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Preliminary plans for a 20‑unit apartment project; Alternative concept for up to 69 single‑room occupancy units; Located at 427 Washington St in downtown Eugene
More about this property
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