2080 Riverview St Eugene, OR 97403

This exceptional 3-acre development opportunity in desirable East Eugene presents twelve residential lots, resulting from a completed partition. The property boasts an advantageous location with frontage on Riverview Street and Bristol Lane, offering convenient access to the University of Oregon, downtown Eugene, and major highways. Its proximity to Hendricks Park adds significant appeal. The site includes an existing 1,575 square-foot, 4+ bedroom, 2-bathroom home currently leased to Oregon State University for $2,654 per month through May 31, 2025, with a tenant option to renew. The lease provides immediate income while development plans are underway. Lots average approximately 10,800 square feet (approximately a quarter acre each). A preliminary infrastructure budget is available for review. This is a rare chance to acquire a fully partitioned, twelve-lot residential subdivision in a highly sought-after East Eugene location. The asking price is $1,300,000.