MLS# 24037662 – 1857 Pearl St, Eugene, OR 97401 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of St Clair Properties.

Property Description

Description

4 Units

Status: Active

Year Built: 2008

Days on Website: 187

Well-maintained West Campus four-plex only one block from Safeway, restaurants,& Amazon Park. Located on major bus lines and bicycle arterial. Each unit has 4 bedrooms, 2 bathrooms, 2-car carports, a washer/dryer, and a balcony with great southern exposure and unobstructed views of Spencer Butte and the South Hills. Total monthly 2024/2025 Rent: $10,022.00. Rents have traditionally been $700 per bedroom in this area. Opportunity for solid rent growth in the next leasing cycle.

Property Details and Features

Building

Built in 2008

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense:

$44,849

Exterior Features

Exterior Description:

WoodComposite

Heating

Heating:

WallHeater

Income

CAP Rate:

4.8

Gross Income:

$117,536

Gross Rent Multiplier:

12.88

Net Operating Income:

$72,687

Listing

Contract Status Change Date:

2024-05-17

Days On Market:

186

Last Transaction Date:

2024-09-18 16:56:11

List Price:

$1,514,000

Listing Contract Date:

2024-05-17

Listing Id:

24037662

Mls Status:

Active

Modification Timestamp:

2024-09-18 16:56:11

On Market Date:

2024-05-17

Previous List Price:

$1,539,000

Rent Includes:

MaintenanceGrounds,TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_243

County Or Parish:

Lane

Lot

Size Acres:

0.11

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

Leases,ProfitLossStatement

Parking

8 total parking spots

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

R-3

Schools

High School:

South Eugene

Middle Or Junior School:

Roosevelt

Elementary School:

Edison

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$17,719

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,575

Area:

1808

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

4 total bedroom

Unit Two

Actual Rent:

$2,266

Area:

1808

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

4 total bedroom

Unit Three

Actual Rent:

$2,781

Area:

1808

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

4 total bedroom

Unit Four

Actual Rent:

$2,400

Area:

1808

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

4 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,514,000 -

1857 Pearl St Eugene , OR 97401

MLS Area Major: _243

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.