ST. Clair Properties
Listed by ST. Clair Properties
$1,100,000
168 N Cleveland St
Details
Property Type Land
Sub Type Residential
Acreage 1.780
Zoning R-3 Limited High Density Residential
1.78 ac | R-3 High Density Residential Land
Marketing description
The N Cleveland St. assemblage provides a special opportunity to build new housing in a supply constrained market.
With 3 tax-lots totaling 1.78 acres of land zoned R-3 Limited High-Density Residential zoning, the property is positioned for a development with as many as 99 units (56 units/acre) and constrained by a maximum building height of 50’.
According to Multifamily NW’s Spring-2025 Apartment Report, Eugene/Springfield had a vacancy rate of just 3.56%, down from 4.3% in the Spring of 2024. Very few properties of this size have been made available for purchase and at a price of $11,465/unit, a developer can get their project started with a very low land basis.
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ST. Clair Properties
Listed by ST. Clair Properties
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