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Development Opportunity in Downtown Eugene

490 West 4th Avenue Eugene, OR 97401

490 West 4th Avenue, Eugene, OR, 97401
$325,000
Pending
For Sale
$325,000
Pending

Land with potential for apartment or SRO complex development.

Property Size602 SF
Days on Market398

Property Features for 490 West 4th Avenue

General Information

Standard status
Pending
Size
602 SF
Property subtype
Multi Family

Building Details

Year Built
1900
Listing Agency Sixel Real Estate
Listed by Kit Sixel · License #200710134
Source Compass
Added: Jun 19, 2025 Updated: Jul 10 at 3:55 pm Checked: Jul 20 at 4:03 am

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.

This property presents a development opportunity in downtown Eugene. Preliminary plans are available for a 20-unit apartment building or a 69-unit single-room occupancy complex. The property has a great walk and bike score and is located near the Owen Rose Garden, downtown shops, Whiteaker breweries, and the Willamette River. The property is 602 square feet. It may also serve as a long-term rental investment with current tenants.

Key Highlights

  • Development opportunity in downtown Eugene.
  • Preliminary plans for a 20‑unit apartment or up to a 69‑unit single room occupancy complex.
  • Great walk & bike score.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Needle exchange Pharmacy

Suggested Use

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

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Commercial land - Land with potential for apartment or SRO complex development.
Where is this commercial land located?
The property is located at 490 West 4th Avenue Eugene, OR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Development opportunity in downtown Eugene.; Preliminary plans for a 20‑unit apartment or up to a 69‑unit single room occupancy complex.; Great walk & bike score.
Contact an agent
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