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851 W 5th Ave, Eugene, OR 97402

$1,300,000

16 Total Photos [Click to View All]

Property Description

Investor Opportunity! This 8-unit apartment building is only 2 miles from the University of Oregon campus and boasts a 6.13% cap rate on current income. All units are 2-bed/1-bath, 648 sqft. Amenities include on-site laundry, 10 parking spots and shared balconies. Recent upgrades include new exterior paint, new flooring, new cabinets and updated bathrooms in select units. A new owner could recapture $4,800/year by implementing utility bill-backs. Don't miss out on this opportunity!

851 W 5th Ave | MLS# 189796170

This multi-family property located at 851 W 5th Ave, Eugene, OR 97402 is currently listed for sale with an asking price of $1,300,000. Search Eugene real estate on scottasla.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: Baseboard
Stories: 2.0
Taxes: $9,352
Year Built: 1968

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Rent: $1370.00
Square Footage: 648
Total Units: 8

Feature Descriptions

Days on Site: 95
Exterior: Wood Composite
Gross Income: $125430.00 (Actual)
Net Income: $85774.00 (Actual)
Operating Expenses: $39655.00 (Actual)
Sewer: Public Sewer
Units: 8
Water: Public Water

Local Schools

Middle School: Kelly

Listed By / Shown By

Listed By

Agency Name: Bridge Creek Realty
Agency Phone: 503-508-0131

Shown By

Agent Name: Scott Asla | Broker
Agent Phone: (541) 815-3872
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 7,732.01 per month $6,573.51 Principal & Interest $779.33 Property Tax $379.17 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/20/2026. The listing information on this page last changed on 07/20/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 07/20/2026 12:03:24 AM EST) or RMLS (last updated Mon 07/20/2026 12:02:21 AM EST) or COAR/MLSCO (last updated Mon 07/20/2026 12:01:17 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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