Search
Gated Apartment Community
For Sale
Contact for pricing

540 Polk St, Eugene, OR 97402

Private courtyard community with flats, townhomes, off-street parking, and updated heating in select residences.

Property SizeContact for details
Days on Market11

Property Features for 540 Polk St

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 8 x 2BR/1BA, 10 x 2BR/1.5BA
Multifamily Units 18

Additional Details

Public Transit Yes

Amenities

gated
private courtyard
dishwashers
off-street parking
updated heating
Listing Agency: First Commercial Real Estate Services
Listed By: Conrad Venti · License #201252758
Source: Crexi
Added: Sep 4 Changed: Sep 9 Last Checked: Sep 14 at 6:22AM

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 First Commercial Real Estate Services

Investment Insights

Based on property information with market context.

Kells Village is an 18-unit gated apartment community organized around a private courtyard. The property includes eight two-bedroom, one-bath flats and ten two-bedroom, one-and-a-half-bath townhomes, with residences averaging roughly 800 square feet. Individual units feature dishwashers and off-street parking, while updated heating is present in select homes. Property-wide roof replacement was completed in 2024.

Located at 540 Polk Street in Eugene’s Whiteaker neighborhood, the community is about a mile from downtown and the Hult Center and under three miles from the University of Oregon. Ninkasi, Falling Sky, and the Blair Boulevard food-and-brewery district are within walking distance, and the EmX line is nearby.

Key Highlights

  • 18‑unit gated apartment community centered on a private courtyard
  • Eight 2‑bed/1‑bath flats and ten 2‑bed/1.5‑bath townhomes
  • Residences average roughly 800 square feet

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Nursing Home Veterinary Clinic HVAC Service Mobile Phone Store

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

Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

1,425
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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 - Private courtyard community with flats, townhomes, off-street parking, and updated heating in select residences.
Where is this apartment building located?
The property is located at 540 Polk St Eugene, OR.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: 18‑unit gated apartment community centered on a private courtyard; Eight 2‑bed/1‑bath flats and ten 2‑bed/1.5‑bath townhomes; Residences average roughly 800 square feet
(503) 364-7400 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message