Cash flow alert with a cap rate of over 7%! This tastefully updated and well-maintained multifamily property is one of a kind with a balanced blend of units. Three separate studio spaces are complimented by two 2bd/1bth units in the main house. Enjoy the stability of long term tenancy that is enhanced with the benefit of short term tenancy rates. Many nearby amenities including parks, schools, shops, restaurants, entertainment, events, bike paths, bus lines, and more, only serve to create further desirability with longterm dependability. Rest easy knowing how many deliberate and mindful property improvements have taken place over the years, from new roofs to new paint and more. With detailed financials and proof of process available, this property is ready for its next owner(s) to enjoy its fruits.
Bill Durling • Keller Williams Realty Eugene and Springfield
Around this home
Schools
K - 12
Preschool & daycare
Cesar Chavez Elementary School
Public K-5 • Assigned • 0.3mi
3/10
Arts And Technology Academy At Jefferson
Public 6-8 • Assigned • 0.3mi
6/10
Churchill High School
Public 9-12 • Assigned • 1.6mi
4/10
Provided by GreatSchools
About Far
West
Far West, located between West 11th Avenue and the Fern Ridge Path, is a residential and commercial Eugene neighborhood with broad, tree-lined streets and a bike-first feel. The neighborhood’s energy concentrates around the West 11th Avenue and City View Street corridor, where local eateries, small studios, and everyday services line a car-and-bike thoroughfare. Community touchstones include Tsunami Books’ readings and record bins, the artisan stalls at the Lane County Farmers Market, and performances at the Hult Center for the Performing Arts. Housing trends toward mid-century ranches and newer infill, with pockets of apartments near major arterials. Green space and wetlands shape the edges, with trails leading toward Fern Ridge Reservoir. Daily life orbits around errands on West 11th and long, flat rides on the path network.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Hot water is gas
Bedrooms
Five units with bedroom counts of: one 2-bedroom unit, one 2-bedroom unit, and three 1-bedroom units
Bathrooms
Each unit includes one bathroom
Kitchen
No specific kitchen appliances listed
Laundry & utility
No laundry or utility appliances listed
Heating & cooling
Ductless heating
Wall heaters
Mini-split cooling
Window cooling units
Exterior features
Shingle siding
Wood siding
Home design
Multi-family property
Not attached to another property
No significant view noted
Built in 1950
Parking
Parking for 5 vehicles
Construction
1950 construction
Utilities
Electric service
Public water
Public sewer
HOA & community
Zoned R-1
Financial info
Five total units
Unit rents: $2,000; $1,500; $995; $1,150; $1,145
Gross rent multiplier: 10.46
Cap rate: 7.1
Rent currently includes electricity, gas, grounds maintenance, sewer, trash collection, and water
Other
Parcel number 0696276
Electricity and solar
View estimated energy costs and solar savings for this home
New lowest price -- nothing like this one on the market! Motivated seller. Meticulously maintained and tastefully updated multifamily property in convenient and desirable location! Two 2bd/1bath units and three separate studios with a transferable ~$298k seller-carry note @ 5.25% for qualified buyer(s). This well-cared for property has too many improvements to name -- from a newer roof w/ 30yr warranty to new flooring in some units to ductless heating and a/c in 2bd units to new plumbing fixtures and much, much more! Be sure to request the extensive list of improvements. With its proven track record of performance -- 3 units long term, 2 units short term -- makes it a versatile and dependable investment property. Many nearby amenities including parks, schools, shops, restaurants, entertainment, events, bike paths, bus lines, and more. Units available for showing w/ confirmation of appointment from LA. Please do not disturb tenants. Fifth unit noncomforming; buyer to do own due diligence regarding use with City and/or County. Also willing to decommission fifth unit for financed buyer with right terms! Be sure to reach out for the property pamphlet!
The purpose of the R-1 Low-Density Residential zone is to implement the comprehensive plan by providing areas for low-density residential use. The R-1 zone is designed for single-unit dwellings with some allowance for other types of dwellings and middle housing and is also intended to provide a limited range of non-residential uses that can enhance the quality of low-density residential areas.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure-Other
Public service
Fire house
Agriculture-Cropland
Agriculture-Grove / orchard / vineyard
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 • 97405
Average low and high temperatures (°F)
46
33
49
36
57
40
62
42
68
47
76
51
83
54
84
57
76
53
62
44
52
41
48
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Eugene. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1920 Chambers St
There isn’t enough information to generate an accurate estimate at this time. Learn More