361 E 14th Ave - Apartments FOR SALE


Eugene, OR 97401- West University
$2,700,000 USD
541-912-6583
361 E 14th Ave, Eugene, OR for Sale
$2,700,000 USD
Apartments - FOR SALE
1/5
null | 6.36% Cap Rate

361 E 14th Ave
Eugene, OR 97401
West University


HIGHLIGHTS

  • 20% Below Market Rents - Walkable to Univeristy of Oregon

OVERVIEW

Prime investment opportunity! Selma Apartments, located at 361 E 14th Ave, Eugene, OR, offers unbeatable value with rents currently 20% below market, providing significant upside potential. This well-maintained, walkable community is just minutes from the University of Oregon, making it highly desirable for student and professional renters alike. With strong rental demand and room for growth, this is a rare chance to secure a high-potential asset in one of Eugene’s most sought-after locations. Don’t miss out! This 20-unit apartment community sits on a 0.26-acre lot with 13,014 square feet of living space, offering a diverse mix of floor plans to attract a wide range of renters. The property includes 4 studio apartments, 7 one-bedroom units, and 9 two-bedroom units, providing flexible living options in a prime location. Designed for convenience and comfort, the property offers on-site laundry facilities, dedicated parking, and meticulously maintained landscaping, providing an attractive living environment for tenants. Prime Location & Investment Potential Positioned at the intersection of 14th Avenue and Mill Street, Selma Apartments is within walking distance of the University of Oregon, as well as public transportation, shopping, dining, and entertainment options. The location ensures strong tenant demand, making this an exceptional investment opportunity in one of Eugene’s most dynamic rental markets. Buyer to verify square footage.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

20

PRICE/UNIT

$135,000

CAP RATE

6.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Selma Apartments - Upside Rent Potential

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,587 SF

ZONING

R-4

APN/PARCEL ID

0274744

ASK ABOUT THIS PROPERTY

Rene' Nelson, CCIMPacwest Commercial Real Estate, Inc.More Info
541-912-6583

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Rene' Nelson, CCIMPacwest Commercial Real Estate, Inc.More Info
541-912-6583

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.