Renovated Group Living
For Sale
Contact for pricing
998 Ferry Lane, Eugene, OR 97401
Renovated 1928 group living facility near the University of Oregon with space for 24 occupants across four levels.
Property Size4,955 SF
Price / SF$382.44
Days on Market63
Property Features for 998 Ferry Lane
General Information
Standard status
Active
Size
4,955 SF
Property subtype
Multifamily, Special Purpose
Zoning
High Density Residential
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$142,918
Building Details
Year Built
1928
Year Renovated
2017
Stories
4
Units
24
Tenancy
Single
Listing Agency:
Evans, Elder Brown & Seubert
(541) 345-4860
Listed By:
Jeff Elder · License #OR
Source:
Crexi
Added: Jun 11
Changed: Aug 9
Last Checked: Aug 11 at 12:40PM
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 Evans, Elder Brown & Seubert
Investment Insights
Based on property information with market context.
998 Ferry Lane is a group living facility constructed in 1928 and renovated in 2017. The building totals 4,955 square feet and is laid out across four levels, including a basement, first floor, second floor, and third floor. The property is described as meeting occupancy standards for Group R-2 congregate campus living organization facility, supporting a 24-occupant capacity.
The site is located adjacent to the University of Oregon campus, which can be relevant for operators focused on campus-proximate housing and group living concepts. The facility’s configuration is designed specifically for congregate campus living usage rather than conventional independent apartment layouts.
For buyers seeking a specialized residential income asset, this property offers a defined operating model with capacity for 24 occupants across multiple floors. The documented renovation history and the stated Group R-2 occupancy standard provide useful baseline information for due diligence, including how the building is intended to function as a campus-oriented group living facility.
The site is located adjacent to the University of Oregon campus, which can be relevant for operators focused on campus-proximate housing and group living concepts. The facility’s configuration is designed specifically for congregate campus living usage rather than conventional independent apartment layouts.
For buyers seeking a specialized residential income asset, this property offers a defined operating model with capacity for 24 occupants across multiple floors. The documented renovation history and the stated Group R-2 occupancy standard provide useful baseline information for due diligence, including how the building is intended to function as a campus-oriented group living facility.
Key Highlights
- Renovated 1928 group living facility with 4,955 SF across four levels (basement, first, second, and third)
- 2017 $550,000 renovation
- Group R‑2 Congregate Campus Living Organization Facility with occupancy standards met
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,300
Businesses Nearby
Explore this area
Business Placement
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
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 - Renovated 1928 group living facility near the University of Oregon with space for 24 occupants across four levels.
Where is this apartment building located?
The property is located at 998 Ferry Lane Eugene, OR.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Renovated 1928 group living facility with 4,955 SF across four levels (basement, first, second, and third); 2017 $550,000 renovation; Group R‑2 Congregate Campus Living Organization Facility with occupancy standards met
