$10,000 Closing Credit¹
#308429732, Amy Dean, Listing Office: Amy Dean Real Estate, Inc.
$1,375,000 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
- Attached Garage: No
- Heating: Baseboard
- List Price: $1,375,000
- Annual Tax Amount: $9,113
- Tax Year: 2023
- Directions: W HWY99 > N Monroe St. > W 5th St.
- Year Built: 1968
- Stories: 2
- Lot Size: 0.22 Acres
- 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: 5/18/2025, 2:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,375,000
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. The most common annual income of people living in Eugene, OR is less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
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
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Frequently asked questions
About 851 W 5th Ave
The listing price of 851 W 5th Ave property is $1,375,000.
The property 851 W 5th Ave is a house located in Eugene, Oregon, 97402.
Active Listing: 851 W 5th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 851 W 5th Ave are: César E. Chávez Elementary School (GreatSchools Rating 2/10), Willagillespie Elementary School (GreatSchools Rating 6/10), Adams Elementary School (GreatSchools Rating 7/10), Arts & Technology Academy (GreatSchools Rating 5/10), Roosevelt Middle School (GreatSchools Rating 7/10), Monroe Middle School (GreatSchools Rating 5/10), Eugene Education Options (GreatSchools Rating 1/10), South Eugene High School (GreatSchools Rating 7/10), Network Charter School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $9,113 (source: MLS/based on county public records data).
The last sale was on February 5, 2021 for $890,000 (source: MLS/tax record).
The property at 851 W 5th Ave has 0 bathroom.
The year of construction for 851 W 5th Ave is 1968.
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 $1,375,000.
In April 2025 more than 50 listings in Eugene, OR were sold above the asking price. During the same period more than 34 listings were sold at asking price, while more than 45 were sold below. In April 2025 in Eugene, OR there were 13.4% more homes for sale than in March. Listings spent 44 days on the market in April 2025, and had a median list price of $488,333 during the same period.
From Rocket Homes Real Estate and based on county public records data.