Selma Apartments

Introducing The Selma Apartments at 361 East 14th Avenue, Eugene, OR 97401.​ This charming 20-unit apartment complex presents an exceptional investment opportunity with 20% under-market rents for potential increased profitability.​ The property boasts a mix of 4 studios, 7 one-bedroom, and 9 two-bedroom units, all fully leased.​ Situated just 3 blocks from the U of O Campus in the R-4 zoned area, this 13,014 SF multifamily complex offers convenience and comfort.​ Recent updates include new exterior paint, enhancing its appeal to residents and potential investors.​ With a potential Net Operating Income of $171,634 at market rents, this property features a 6.36% cap rate.​ Benefiting from on-site laundry, parking, and well-maintained landscaping, this prime location in Eugene's University of Oregon neighborhood is ideal for students and professionals alike.​ Don't miss this opportunity to own a lucrative investment property in a sought-after area.​

“Buyer to Verify Square Footage”

Investment Highlights:

✔ 20% Below Market Rents – Immediate upside potential

✔ Pro Forma NOI: $171,634 | 6.36% CAP Rate at Market Rents

✔ Unit Mix: 4 Studios, 7 One-Bed, 9 Two-Bed Units

✔ On-Site Parking & Laundry – Desirable student amenities

✔ Recent Updates: New exterior paint

🏢 Zoned R-4 – Ideal for student housing investors seeking high demand & strong returns.