$10,000 Closing Credit¹
#24661945, Chuck Wetherald, Listing Office: Worthland Real Estate
$1,400,000 List price
851 W 5th Ave Eugene, OR 97402
$10,000
Closing credit¹
0.2 acres
House
Property details
About 851 W 5th Ave
Investor Opportunity! This 8-unit apartment building is only 2 miles from the University of Oregon campus and boasts a 6.13% cap rate on current income. All units are 2-bed/1-bath, 648 sqft. Amenities include on-site laundry, 10 parking spots and shared balconies. Recent upgrades include new exterior paint, new flooring, new cabinets and updated bathrooms in select units. A new owner could recapture $4,800/year by implementing utility bill-backs. Don't miss out on this opportunity!
Highlights
Home typeOther
HeatingBaseboard
StatusActive
Lot size0.22 Acres
Year built1968
MLS #189796170
Summary
- MLS Number: 189796170
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Bridge Creek Realty
- Office Phone: (503) 508-0131
- Listing Agent: Ian Crist
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 6:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,400,000
851 W 5th Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 05, 2021 | Home Sold | $890,000 |
| Aug 11, 1995 | Home Sold | $245,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $458,121 | $9,113 |
| 2022 | $444,778 | $8,760 |
| 2021 | $431,824 | $8,228 |
| 2020 | $419,247 | $8,257 |
| 2018 | $395,181 | $7,507 |
| 2017 | $383,671 | $7,170 |
History based on county public records data.
Nearby schools
2
César E. Chávez Elementary School
Public District KG-5
0.9 mi
•1510 W 14th Ave
6
Willagillespie Elementary School
Public District KG-5
1.2 mi
•1125 Willagillespie Rd
7
Adams Elementary School
Public District KG-5
1.4 mi
•950 W 22nd Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $25,529. Residents of Eugene, OR typically earn less than $<35k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
66%
<35k
30%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
76%
Single, No Kids
12%
Single, with Kids
8%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
3%
12-17 yrs old
46%
18-34 yrs old
38%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
UFC
Pro Wrestling
Where do the neighbors shop?
Express/Express For Men
Family Dollar
Burlington
Where do the neighbors go to eat?
Starbucks
Burger King
Cicis Pizza
What do the neighbors drive?
Pontiac
Buick
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
$5,047 Closing Credit¹
#494218702, Robert Olsen, Listing Office: United Real Estate Properties
$8,253 Closing Credit¹
#24640649, Benjamin Mondragon, Listing Office: Keller Williams Realty Eugene and Springfield
3D tour
$5,047 Closing Credit¹
#24464568, Patricia Atkins, Listing Office: Better Homes and Gardens Real Estate Equinox
$8,253 Closing Credit¹
#24415328, Benjamin Mondragon, Listing Office: Keller Williams Realty Eugene and Springfield
$8,182 Closing Credit¹
#24655024, Taylor Shelley, Listing Office: ICON Real Estate Group
$4,689 Closing Credit¹
#24099232, Bess Blacquiere, Ronald Blacquiere, Listing Office: Better Homes and Gardens Real Estate Equinox
3D tour
$6,163 Closing Credit¹
#251032752, Anton Fraga, Listing Office: St Clair Properties
$4,868 Closing Credit¹
#501770585, Jim Leonard, Listing Office: Off and Running Real Estate
$6,828 Closing Credit¹
#24611981, Koalani Roberts, Listing Office: Windermere RE Lane County
Frequently asked questions
About 851 W 5th Ave
This home is located at 851 W 5th Ave in Eugene, OR and zip code 97402 in the Whiteaker neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 30, 2025 and is currently priced at $1,400,000.
In February 2025, from all listings sold in Eugene, OR there were more than 34 sold above asking price, over 43 sold below and more than 27 were sold right at the asked price. The number of homes for sale in Eugene, OR increased by 1.4% between January and February 2025. While the average time on the market in February 2025 was 60 days, the median list price was $487,462.
From Rocket Homes Real Estate and based on county public records data.