490 W 4th Ave

Eugene, OR 97401

$325,000
Price
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Beds
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Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
Pending
Pending
a view of a backyard with a large tree and wooden fence
a view of outdoor space with wooden fence
a view of a small house with wooden fence
a front view of a house with a garden
a living room with furniture and a flat screen tv
a living room with furniture and a wooden floor
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor
a kitchen that has a lot of cabinets in it and wooden floors
a bathroom with a sink toilet and shower
a utility room with dryer and washer
a living room with furniture and a chandelier
a living room with furniture a bookshelf and a window
a bedroom with a bed and a window
a bathroom with a sink and a toilet
an aerial view of house with yard and outdoor seating
an aerial view of multiple house
an aerial view of multiple house
a view of a city
an aerial view of multiple house
an aerial view of residential houses with outdoor space and trees
an aerial view of residential houses with outdoor space
a picture of floor plan
unknown

Description

Unique development opportunity in downtown Eugene. Seller has preliminary plans drawn for a 20 unit apartment or up to a 69 unit single room occupancy complex. Drawings can be provided upon request. Package deal can be made if 427 Washington is also purchased with 490 W 4th ave. Great walk & bike-score! Near The Owen Rose Garden, Downtown Shops, Whiteaker Breweries, the Willamette River, and more! There is so much to see & do in the heart of Eugene. These properties also make great long-term rental...Unique development opportunity in downtown Eugene. Seller has preliminary plans drawn for a 20 unit apartment or up to a 69 unit single room occupancy complex. Drawings can be provided upon request. Package deal can be made if 427 Washington is also purchased with 490 W 4th ave. Great walk & bike-score! Near The Owen Rose Garden, Downtown Shops, Whiteaker Breweries, the Willamette River, and more! There is so much to see & do in the heart of Eugene. These properties also make great long-term rental investments with the current tenants. (Do don't disturb current tenants, please.) New price! $325,000.
  1. Listed by Kit Sixel • Sixel Real Estate • 541-954-1915

Property Details for 490 West 4th Avenue

Subdivision
North Eugene Mixed Downtown
Parking Features
Off Street
Zoning
S-W/SR
Garage Spaces
.00
Parking Total
2.00
LISTING UPDATED: 09/24/2025 08:24 PM

Property Details for 490 West 4th Avenue

StatusPending
MLS #779161066
Days on Market97
Taxes$2,179 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.10 AC / 4,356 SF
CountyLane County

Location

Listing Courtesy of Sixel Real Estate
Add your commute

Building Information for 490 West 4th Avenue

Stories2Residences2Year Built1900Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

$1,766 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,584

Property Taxes

$182

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 490 West 4th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: Corner of West 4th Ave & Washington
School Information
  • Elementary School: River Road
  • High School: North Eugene
  • Middle Or Junior School: Kelly
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $2,178.66
  • Parcel Number: 0256477
  • Tax Legal Description: 17-03-30-34-14000
Property
Lot Information
  • Acres: 0.1
  • Lot Size Square Feet: 4356.0
  • 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: Fixer
  • Year Built: 1900
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $23,340.00
  • Gross Rent Multiplier: $13.92
  • Investor Information: According To Owner
  • Net Income Actual: $21,161.00
  • Operating Expense: $2,179.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Deck, Washer Dryer, Wood Floors
  • Unit Type 1 Rent: $1,050
  • Unit Type 1 SqFt: 962.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Rent: $895
  • Unit Type 2 SqFt: 602.0
  • Unit Type 2 Units Total: 1

Property History for 490 West 4th Avenue

DateEvent & SourcePriceAppreciation
Jun 1, 2010

Sold (Public Record)

Public Record #290011193

$175,000—
DateEvent & SourcePrice
06/01/2010

Sold (Public Record)

Public Record #290011193

$175,000

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

Public Records for 490 West 4th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$2,206 ($184 / month)
Home Facts
Baths2Total Finished SqFt1,564 SqFtAbove Grade Finished SqFt1,564 SqFtStories1Lot Size4,356 SqFtStyleDuplexYear Built1900Year Renovated1949ZoningS-W- WHITEAKECountyLANEAPN17-03-30-34-14000-000

Schools near 490 West 4th Avenue

This home is within Eugene School District 4j.
Rating
School
Type
Grades
Distance
River Road/El Camino Del Rio Elementary School
Public - K to 5
Kelly Middle School
Public - 6 to 8
North Eugene High School
Public - 9 to 12
Eugene Education Options
Public - 9 to 12
Rating
School
Distance
River Road/El Camino Del Rio Elementary School
PublicK to 5

Kelly Middle School
Public6 to 8

North Eugene High School
Public9 to 12

Eugene Education Options
Public9 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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Listing Courtesy of Sixel Real Estate

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