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8 Units | Eugene, OR | 3 Mi From U of O

6.24% Cap Apartments | Fully Occupied | Updated Units | Eugene

Listing Contacts

Active

Asking Price: $1,375,000
Address 

851 W 5th Ave, Eugene, OR 97402

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Date Added
Jan 30, 2025
Days on Market
47 days
Time Since Last Update
5 days

Details

Property TypeMultifamily
SubtypeApartment Building
Square Footage5,184
Price/Sq Ft$265.24
Cap Rate6.24%
Pro-Forma Cap Rate7.31%
Occupancy100%
NOI$85,744
Pro-Forma NOI$100,498
Units8
Year Built1968
Buildings1
Stories2
Lot Size (acres)0.22
Price/Unit$171,875

Marketing Description

To view the full Offering Memorandum and financials, please visit our website at: https://www.​marcusmillichap.​com/properties/91182/rickshaw-apartments

The Rickshaw Apartments is an eight-unit, two-story apartment complex located at 851 W 5th Ave, Eugene, Oregon 97402.​ The Rickshaw Apartments was originally constructed in 1968, totals 5,184 rentable square feet, and features two-bed/one-bath floorplans exclusively.​ Amenities include: private patios/balconies, luxury vinyl plank flooring throughout, assigned off-street parking space, on-site laundry.​ Recent renovations include new exterior paint, updated hickory cabinets, and updated bathrooms.​

Located in the southern portion of the lush Willamette Valley, Eugene, Oregon provides residents with a high quality of life and convenient access to outdoor recreation.​ The Rickshaw Apartments are walking distance from Downtown Eugene’s craft breweries, coffee houses, wine bars, artisanal restaurants, and boutique retail shops.​

Investment Highlights

  • Convenient Downtown Eugene Location less than 3 Miles from the University of Oregon.

  • Desirable Two-Bedroom Floorplans Exclusively.

  • Recent Renovations Include New Exterior Paint and Updated Bathrooms.

  • Assigned Off-Street Parking.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,744.00
$7,145.33/mo

Valuation Metrics

0
DSCR
6.24%
Cap Rate
6.24%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Broker Information
Broker Name
Georgie Christensen-Riley
Broker License
OR 201253912
Broker Name
Joshua Reynolds
Broker License
OR OR 201237753
Brokerage Name
Marcus & Millichap
Broker Title
Apartment Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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