This 8-unit, West University, apartment property features four 2-bedroom, 1-bath units & four 3-bedroom, 2-bath loft units. Three of the four lofts are open to the living room below. One has been enclosed - an easy upgrade. All four loft spaces are currently being used as third bedrooms. Each apartment has its own balcony.There is abundant underground parking - striped for 12 spaces, and some additional land with alley access. The excess land could be utilized as additional parking for revenue or a small infill development opportunity. The property sits on the East side of Patterson Street just 2 blocks to the U of O campus. Property is 100% occupied.
Multi-familyProperty Type
1971Year Built
8,712 sq ftLot Size
$225Price/Sq.Ft.
17 spacesParking
Listed by David Holland• Evans, Elder, Brown & Seubert
West University, located between the University of Oregon campus and Downtown Eugene, is a historic and walkable Eugene neighborhood with tree-lined streets and a café-and-bike culture. The neighborhood’s character concentrates around the 13th Avenue corridor near Kincaid Street, where coffee counters, late-night bites, and small storefronts keep the sidewalks in motion. Prince Pückler’s Ice Cream, the Jordan Schnitzer Museum of Art, and the Hult Center for the Performing Arts act as cultural pillars. Early-1900s bungalows and compact apartment courts sit beside campus-era brick buildings. Pocket parks and the nearby Willamette River paths shape daily routes. The street grid favors walking and cycling, with frequent transit stops along major avenues.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Electric hot water
Bedrooms
Eight units total with configurations including 2-bedroom and 3-bedroom units
Bathrooms
Units include 1-bath and 2-bath layouts
Kitchen
Appliance details not specified
Laundry & utility
Laundry/utility details not specified
Flooring
Flooring details not specified
Heating & cooling
Baseboard heating
Zoned heating
No central cooling
Exterior features
Wood siding
Level lot
Home design
Multi-family property
Not attached
Existing condition
Built in 1971
Parking
Covered parking
Off-street parking
Parking for 17 vehicles
Security
Security details not specified
Construction
Concrete perimeter foundation
Building area approximately 7,944 total square feet
Utilities
Electric service for fuel and hot water
Public water
Public sewer
Cable and DSL internet available
HOA & community
Zoned R-3
Financial info
Eight-unit income property with unit rents ranging from $1,300 to $1,995
Sample unit rents: several 2-bed/1-bath units at about $1,300–$1,595, and 3-bed/2-bath units at about $1,587–$1,995
Cap rate listed at 5.44
Gross rent multiplier listed at 11.74
Rent includes water, sewer, and trash collection
Other
Lot about 0.2 acres (7,000–9,999 sq ft)
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the R-3 Limited High-Density Residential zone is to implement the comprehensive plan by providing areas for limited high-density residential use that encourage middle housing and multiple-unit dwellings. The R-3 zone is also intended to provide a limited range of non-residential uses to help provide services for residents and enhance the quality of the limited high-density residential area.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Infrastructure-Other
Public service
Fire house
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
14 unhealthy days expected this year, 14 days in 30 years
Provided by First Street
Historical weather
Eugene, OR • 97401
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 1711 Patterson St
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