Listing provided courtesy of Sixel Real Estate- MLS# 410025159MLS ProviderContact Information: 541-954-1915

427 WASHINGTON STEugene, OR 97401

Multi-Family · 0.08 Acres
$355,000 Pending

427 WASHINGTON ST Overview

Time on Site:
375 days
Visits:
9

Unique development opportunity in downtown Eugene. Seller has preliminary plans drawn for a 20 unit apartment or up to a 69 unit single room occupancy complex. Drawings can be provided upon request. Package deal can be made if 490 W 4th ave is also purchased with 427 Washington. Great walk & bike-score! Near The Owen Rose Garden, Downtown Shops, Whiteaker Breweries, the Willamette River, and more! There is so much to see & do in the heart of Eugene. These properties also make great long-term rental investments with the current tenants. (Do don't disturb current tenants, please.) Note: there is currently only one dedicated parking space. $355k

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427 WASHINGTON ST Facts & Features

  • Type Multi-Family
  • Lot 0.08 Acres

Details

General

School Information

  • Elementary School: River Road
  • Middle Or Junior School: Kelly
  • High School: North Eugene

Income/Expenses

  • Gross Income: 34800.0
  • Net Operating Income: 32122.0
  • Operating Expense: 2679.0

Building Information

  • Year Built: 1900

Location/Region

  • Country: US
  • County Or Parish: Lane
  • MLS Area Major: 247 - Lane Co: River Road
  • Subdivision Name: North Eugene Mixed Downtown

Rent/Lease Information

  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 2678.25
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 0256485
  • Property Condition: Fixer
  • Property Type: Multi Family
  • Zoning: S-W/SR

Interior

Parking Information

  • Garage Spaces: 0

General Information

  • Basement: Crawl Space
  • Heating: Baseboard,Wall Heater
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Off Street
  • Parking Total: 1.0

Lot Information

  • Lot Size Square Feet: 3484.0
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 3
  • Sewer: Public Sewer

427 WASHINGTON ST Neighborhood

Community

97401 (EUGENE) Demographics

29
Median Age
5,221
Population Density (per sq. mile)
56%
College Educated
$41,502
Estimated Median Income
6,500
Estimated Total Home Owners
15,270
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

427 WASHINGTON ST Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

427 WASHINGTON ST Market Data

Based on the last 30 days in this zip code

$618,332
Average List Price
$322
Average Price per Square Foot
28
Properties Sold
68
Average Days on Market
118
Properties for Sale
Calculations provided by Reliance Network

427 WASHINGTON ST History

Date Event Value Agent
9/24/2025Source: Regional MLS Status Change
Pending
9/12/2025Source: Regional MLS Status Change
Active
8/22/2025Source: Regional MLS Status Change
Pending
7/30/2025Source: Regional MLS Price Reduction
$355,000 -7.8%
6/19/2025Source: Regional MLS Added to Database
June 19, 2025