Gillespie realty group

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$1,300,000
469 Days On Site

851 W 5TH AVE
Eugene, OR97402

For Sale|Multi Family|Active
2
Beds
1
Total Bath
1968
Built
County:
Lane
Listing courtesy of Ian Crist of Bridge Creek Realty (503) 508-0131

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851 W 5TH AVE851 W 5TH AVE851 W 5TH AVE851 W 5TH AVE
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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!

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Listing Snapshot
Price 
$1,300,000
Days On Site 
469 Days
Bedrooms 
2
Inside Area (SqFt) 
N/A
Total Baths 
1
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.22 Acres
Year Built 
1968
MLS® Number 
189796170
Status 
Active
Property Tax 
$9,351.68
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
4 weeks agoPrice changed to $1,300,000
4 weeks agoStatus changed to Active
a year agoListing first seen on site
General Features
Acres 
0.22
Number Of Stories 
2
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Zoning 
MF
Interior Features
Heating 
Baseboard
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Community Features
Financing Terms Available 
CashConventional
MLS Area 
_245
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Kelly
High School
Unknown
Listing courtesy of Ian Crist of Bridge Creek Realty (503) 508-0131



The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Bridge Creek Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

Last checked 2026-05-13 11:11 AM PDT.

All information provided is deemed reliable but is not guaranteed and should be independently verified

Neighborhood & Commute
Source: Walkscore
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