The Alton Baker | 100-Unit Apartment Project
Ready-to-Build Project Land | 1.55 acres
Marketing description
Situated along the Willamette River in one of Eugene’s most desirable corridors, The Alton Baker offers a premier location for apartment development with a rare combination of natural beauty, urban connectivity, and institutional demand.
Location:
Located directly across the river from the University of Oregon and less than a 10-minute walk to Autzen Stadium, this site provides unmatched access to campus life, sporting events, and year-round activities that drive consistent rental demand.
Residents will enjoy close proximity to downtown Eugene, Alton Baker Park, Oakway Center and surrounding neighborhoods. Alton Baker Park—Eugene’s signature riverfront park—is just steps away and offers trails, open green spaces, and recreational amenities that enhance livability and attract long-term tenants.
With direct access to I-105 and I-5, downtown Eugene, and major employment centers such as Peace Health and the University of Oregon, this location supports a diverse renter base including students, young professionals, healthcare workers, and university employees. Whether appealing to university-affiliated renters or those seeking an active, centrally located lifestyle, The Alton Baker is an ideal site for a high-occupancy, high-demand apartment community.
Reduced Price: $3,600,000
Investment highlights
- Six-story building with parking on the ground floor and units on floors 2-6
- Podium construction, fire retardant, treated wood framing
- Estimated pro forma, stabilized NOI of $2,240,992 (“Estimated NOI. Buyer to do their own due diligence in regard to all financials”)
- The sale of the property includes all plans, engineering entitlements and rights
- Permits have been issued by the City of Eugene and construction could start immediately
- Central Eugene location at the entrance to Alton Baker Park and close proximity to University of Oregon, Autzen Stadium, Downtown Eugene and Oakway Center
- Zoning is CC (Community Commercial)
- Metro-Wide (excluding student housing) Apartment Vacancy rate of 3.56% (source: MFNW Spring 2025 Report)
- Rents expected to increase in the coming years
- Total of 103,846 sf (permit record) | 58,765 sf of unit space
- 1.55 Acres (0.91 AC Useable)
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