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    2055 Willamette St Eugene, OR 97405

    Sponsored
    For Sale
    $1,315,000

    Prime location, 12-bed potential.

    Property size:
    4,804 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional South Eugene property presents a compelling redevelopment opportunity. The 0.36-acre lot (16,000 sq ft) currently features three structures totaling 4,804 square feet and four residential units with twelve bedrooms. The property is zoned R-3 (Medium Density Residential), allowing for diverse development options, including townhouses, duplexes, or a multi-story apartment building. Its strategic location offers unparalleled convenience, situated adjacent to the new Civic Park and Kidsports Facilities, within walking distance of Downtown Eugene and the University of Oregon. Proximity to public transportation, grocery stores, restaurants, and other amenities further enhances its appeal. The asking price is $1,315,000. This presents a strong investment opportunity in a highly sought-after area, offering significant potential for future growth and returns. On-site parking is available. The property is for sale by owner.

    Property Features for 2055 Willamette St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,804 SF

    Building Details

    Units
    4

    HighLights

    • South Eugene development site, ideal for residential investment.
    • 16,000 square foot lot.
    • Medium‑density residential zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.0917
    Latitude
    44.0373326

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, 12-bed potential.
    Where is this multifamily property located?
    The property is located at 2055 Willamette St Eugene, OR.
    What is the asking price?
    The asking price for this property is $1,315,000.
    What are key features of this property?
    This property features: South Eugene development site, ideal for residential investment.; 16,000 square foot lot.; Medium-density residential zoning.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2055 Willamette St Eugene, OR 97405
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