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Historic Mixed-Use Apartment and Retail
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795 Willamette St, Eugene, OR 97401

Historic 18-unit multifamily building with occupied ground-floor retail space and recent exterior and systems improvements.

Property Size25,238 SF
Price / SF$130.76
Days on Market341

Property Features for 795 Willamette St

General Information

Standard status Active
Size 25,238 SF
Property subtype Multifamily, Retail
Occupancy 100%
Net Operating Income $177,964

Site & Location

Neighborhood Downtown Neighborhood Association

Additional Details

Multifamily Units 18

Building Details

Year Built 1902
Year Renovated 2025
Buildings 1
Stories 5
Units 18
Listing Agency: Campbell Commercial Real Estate
Listed By: Tim Campbell · License #OR 950100171
Source: Crexi
Added: Nov 17, 2025 Changed: Oct 23 Last Checked: Oct 24 at 5:15PM

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 Campbell Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

The Tiffany Building is a historic mixed-use property featuring 18 multifamily units with ground-floor retail. Street-level retail totals approximately 5,858 SF and is currently occupied by established local tenants, with the remainder of the building devoted to the residential units.

The building is located in the heart of downtown Eugene, just minutes from the University of Oregon, and is surrounded by downtown amenities, transit, and ongoing redevelopment.

Recent capital improvements include restored windows, exterior upgrades, and system enhancements, helping reduce near-term capital needs while supporting continued building performance. The property totals approximately 25,238 SF.

Key Highlights

  • Historic mixed‑use building with 18 multifamily units plus ground‑floor retail
  • Total approx. 25,238 SF, including 5,858 SF of street‑level retail occupied by established tenants
  • Recent capital improvements include restored windows, exterior upgrades, and system enhancements

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$197,486
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,949,720 $3.9M
Cap Rate 7%
$2,821,229 $2.8M
Cap Rate 9%
$2,194,289 $2.2M
Market Conditions
NOI Build-Up for 25,238 SF
Gross rent
$363.4K $14.40/SF
− Vacancy
−$4.4K −$0.17/SF
EGI
$359.1K $14.23/SF
− OpEx
−$161.6K −$6.40/SF
NOI
$197.5K $7.82/SF
Area
Eugene, OR
Vacancy
1.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,949,720
Cap Rate 7%
$2,821,229
Cap Rate 9%
$2,194,289

Alternative Uses

Best Use
Retail
$5.23M
$4.58M – $6.11M (±1% cap)
NOI $366,335 @ 7.0% cap · market cap 11.10%
Second Best
Apartment 5plus
$2.82M
$2.47M – $3.29M (±1% cap)
NOI $197,486 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$7.61M
$6.66M – $8.88M (±1% cap)
NOI $533,027 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Disco's Magical Thrillhouse Hostel Gary Dawson Designs (Bike/Boat/Book/etc) Store RHINO JEWELRY CAD Training Center Disco's Magical Thrillhouse ... Nightclub

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Tanning Salon Locksmith

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

5,840
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
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

Frequently Asked Questions

What type of property is this?
Apartment building - Historic 18-unit multifamily building with occupied ground-floor retail space and recent exterior and systems improvements.
Where is this apartment building located?
The property is located at 795 Willamette St Eugene, OR.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Historic mixed‑use building with 18 multifamily units plus ground‑floor retail; Total approx. 25,238 SF, including 5,858 SF of street‑level retail occupied by established tenants; Recent capital improvements include restored windows, exterior upgrades, and system enhancements
(541) 521-0404 Call to check price and availability
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