1640 Mill Street

1640 Mill Street

Eugene, OR 97401

$1,175,000
Price
—
Beds
3,184 Sq. Ft.
$369 / Sq. Ft.
3,184
Sq. Ft.
$369
per Sq. Ft.
a car parked in front of a building
a car parked in front of a building
a view of empty room with wooden floor
a bathroom with a glass shower door
a bathroom with a sink and a mirror
a view of an empty room with wooden floor and a window
a kitchen with stainless steel appliances a stove a sink and a microwave
a view of a hallway with a table and chairs
a view of an empty room and window
a white toilet sitting next to a bathroom sink
a view of an empty room with wooden floor and a window
a bathroom with a glass shower door

Description

10 unit "quint" building just blocks to the heart of campus- 5 studios per floor with in suite bath sharing common kitchens of the 2 story building. To be clear, the building has 10 studios with 10 baths and 2 kitchens, one on each floor. Very stable rental history and most units leased at $850/unit. One unit turning over at the time of listing and is on the market for $900 with significant showing activity. Building as achieved rents of $900/unit previously. Building has new flooring through out...10 unit "quint" building just blocks to the heart of campus- 5 studios per floor with in suite bath sharing common kitchens of the 2 story building. To be clear, the building has 10 studios with 10 baths and 2 kitchens, one on each floor. Very stable rental history and most units leased at $850/unit. One unit turning over at the time of listing and is on the market for $900 with significant showing activity. Building as achieved rents of $900/unit previously. Building has new flooring through out the units ( within the last 18 months), new exterior paint, parking lot resurface and roof appears to be about halfway through its lifespan. This pedestrian to campus location has broad appeal to the student population, but in practice, about half the current tenants are non-students reflecting the desirability of this product type to many potential tenants.
  1. Listed by David Holland • Evans, Elder, Brown & Seubert

Property Details for 1640 Mill Street

Subdivision
WEST UNIVERSITY NEIGHBORS
Parking Features
Off Street, Open
Zoning
R-3
Parking Total
6.00

Location

Listing Courtesy of Evans, Elder, Brown & Seubert
Add your commute
LISTING UPDATED: 04/25/2024 08:09 AM

Property Details for 1640 Mill Street

StatusActive
MLS #24333093
Days on Market12
Taxes$5,428 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1974
Lot Size0.11 AC / 4,791 SF
CountyLane County

Location

Listing Courtesy of Evans, Elder, Brown & Seubert
Add your commute

Building Information for 1640 Mill Street

Stories2Residences10Year Built1974Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$6,865 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,412

Property Taxes

$452

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1640 Mill Street

Summary
Location and General Information
  • Country: US
  • Directions: Mill Street between 16th and 17th
School Information
  • Elementary School: Edison
  • High School: South Eugene
  • Middle Or Junior School: Roosevelt
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $5,427.53
  • Parcel Number: 0286912
  • Tax Legal Description: Map and Tax Lot 17-03-32-33 lot 8300
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Level
  • Lot Size Square Feet: 4791.0
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1974
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Heat, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable, Satellite
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
  • Gross Income Actual: $96,900.00
  • Gross Rent Multiplier: $12.13
  • Investor Information: Annual Property Operation Data, Leases
  • Net Income Actual: $68,096.00
  • Operating Expense: $28,804.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • SqFt Approximate Building Total: 3184
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Deck, Refrigerator
  • Unit Type 1 Rent: $850
  • Unit Type 1 SqFt: 300.0
  • Unit Type 1 Units Total: 8
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Deck, Refrigerator
  • Unit Type 2 Rent: $900
  • Unit Type 2 SqFt: 300.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Refrigerator
  • Unit Type 3 Rent: $800
  • Unit Type 3 SqFt: 300.0
  • Unit Type 3 Units Total: 1

Property History for 1640 Mill Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1640 Mill Street

Taxable ValueLand-Additions-Total-
Tax Record2023$5,428 ($452 / month)
Home Facts
Lot Size4,792 SqFtStyleMulti-Family Dwelling (2-4)ZoningR-3-LIMITED HCountyLANEAPN17-03-32-33-08300-000

Schools near 1640 Mill Street

This home is within Eugene School District 4j.
Rating
School
Type
Grades
Distance
Edison Elementary School
Public - K to 5
Roosevelt Middle School
Public - 6 to 8
South Eugene High School
Public - 9 to 12
Network Charter School
Charter - 7 to 12
Rating
School
Distance
Edison Elementary School
PublicK to 5

Roosevelt Middle School
Public6 to 8

South Eugene High School
Public9 to 12

Network Charter School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1640 Mill Street, Eugene, OR 97401

1640 Mill Street is a multi-family home for sale in Eugene, OR 97401. This property was listed for sale on April 25, 2024 by Evans, Elder, Brown & Seubert, it's currently listed at $1,175,000. It has been on the market for a total of 12 days and was last sold on August 6, 2021. This listing's school district is Eugene School District 4j. Nearby schools include Edison Elementary School, Roosevelt Middle School and South Eugene High School. 1640 Mill Street is a 0-bed, 0-bath, 3,184 sqft multi-family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Evans, Elder, Brown & Seubert

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 04/25/2024 08:09 AM