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32001823
32001824

2447 Roosevelt Boulevard, Eugene, OR 97402

Marcus & Millichap - Portland
JR
OR OR 201237753
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland
$1,895,000
59 days on market
Updated 20 days ago

8.00% Cap Rate | 10 Renovated Townhomes | Detached Garages

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,564
Net Rentable (SqFt) 11,564
Cap Rate 8%
NOI $151,510
Pro-Forma Cap Rate 9.2%
Pro-Forma NOI $174,333
Price per SqFt $164
Year Built 1995
Year Renovated 2023
Buildings 4
Acreage 0.500

8.00% Cap Rate | Renovated Townhomes | Detached Garages | 10 Units | Storage Income

Marketing description

Property Description

The Roosevelt Townhomes is a 10-unit townhome complex located at 2447 Roosevelt Blvd, Eugene, OR 97402. The Roosevelt Townhomes was originally constructed in 1995, totals 11,564 square feet, and features 3 Bed/1.5 Bath two-story townhome floorplans exclusively. Each unit includes a private detached single-car garage and there are two other double-car garages which are currently rented additional income. All units have a washer and dryer hook up in the downstairs bathroom.

Exterior capital improvements include a new roof on all four structures in 2018, all new siding, exterior paint and gutters in 2022. Every unit was renovated in 2023 with LVP flooring, new cabinets, counters, interior paint, new upstairs carpet and stainless-steel appliances. In total, the owner has invested more than $275,000 on renovations in 2023.

Location Overview

The Roosevelt Townhomes is conveniently located less than a quarter-mile from Highway 99 in northwest Eugene and less than 15 minutes from Downtown Eugene and the University of Oregon. Residents of Eugene enjoy vibrant art studios, boutique retailers and trendy wine bars, along with access to world-class outdoor recreational activities.

Investment highlights

  • Owner has invested more than $275,000 on capital repairs and new appliances.
  • Unit mix features desirable three-bedroom townhouse floorplans exclusively.
  • Each unit includes a private, detached single-car garage. There are two additional double-car garages, which are currently rented for additional income.
  • Convenient location less than 15 minutes from Downtown Eugene and the University of Oregon.

Listing Contacts

Marcus & Millichap - Portland
JR
OR OR 201237753
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$151,510.00
$12,625.83/mo

Valuation Metrics

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DSCR
8%
Cap Rate
8%
ROI

Map

Zoning

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R-3 ResidentialTwo FamilyLimited High Density Residential
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

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