511 Madison Street

Eugene, OR 97402

$675,000
Price
Beds
1,507 Sq. Ft.
$448 / Sq. Ft.
1,507
Sq. Ft.
$448
per Sq. Ft.

Description

Fantastic location, only 2 miles from University of Oregon and within walking distance of some of Eugene's finest attractions. Right on busline and bike path. Investors opportunity to own a single family house and duplex on the same tax lot. Updated with lots of charm. Possibility for multi-generational/ rentals/ home + rental. See private remarks for more info. Do not disturb tenants.Fantastic location, only 2 miles from University of Oregon and within walking distance of some of Eugene's finest attractions. Right on busline and bike path. Investors opportunity to own a single family house and duplex on the same tax lot. Updated with lots of charm. Possibility for multi-generational/ rentals/ home + rental. See private remarks for more info. Do not disturb tenants.
  1. Listed by Hannah Sanderbrink • Hybrid Real Estate

Property Details for 511 Madison Street

Subdivision
WHITEAKER
Parking Features
Driveway, On Street
Zoning
R2
Parking Total
3.00

Location

Listing Courtesy of Hybrid Real Estate
Add your commute
LISTING UPDATED: 04/13/2024 07:44 PM

Property Details for 511 Madison Street

StatusActive
MLS #24182833
Days on Market33
Taxes$4,972 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1910
Lot Size0.15 AC / 6,534 SF
CountyLane County

Location

Listing Courtesy of Hybrid Real Estate
Add your commute

Building Information for 511 Madison Street

Stories1Residences3Year Built1910Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$4,098 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,684

Property Taxes

$414

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 511 Madison Street

Summary
Location and General Information
  • Country: US
  • Directions: Corner of Madison and 5th
  • Road Surface: Paved
School Information
  • Elementary School: River Road
  • High School: North Eugene
  • Middle Or Junior School: Kelly
Taxes and HOA
  • Management Name: Next Generation Property MGMT
  • Management Phone: 541-285-7384
  • Tax Year: 2023
  • Tax Annual Amount: $4,971.70
  • Parcel Number: 0263747
  • Tax Legal Description: Beginning oat the northwest corner of Lot 5 in Block 15, of Packards Addition to Eugene, Lane County
Property
Lot Information
  • Acres: 0.15
  • Lot Description: Corner Lot, On Busline
  • Lot Size Square Feet: 6534.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1910
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Trash Collection
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Block
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $41,432.00
  • Gross Income Projected: $47,100.00
  • Gross Rent Multiplier: $16.29
  • Investor Information: Annual Property Operation Data
  • Net Income Actual: $35,892.00
  • Net Income Projected: 42000
  • Operating Expense: $5,540.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 1507
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Hardwood Floors, Range, Refrigerator, Unfurnished
  • Unit Type 1 Rent: $1,925
  • Unit Type 1 SqFt: 1507.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator
  • Unit Type 2 Rent: $2,025
  • Unit Type 2 SqFt: 1400.0
  • Unit Type 2 Units Total: 2

Property History for 511 Madison 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 511 Madison Street

Taxable ValueLand-Additions-Total-
Tax Record2023$4,972 ($414 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,148 SqFtAbove Grade Finished SqFt1,148 SqFtStories1Lot Size6,534 SqFtStyleSingle Family ResidenceYear Built1910Year Renovated1978ZoningR-2-MED-DENSICountyLANEAPN17-03-31-21-02200-000

Schools near 511 Madison Street

This home is within Eugene School District 4j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
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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511 Madison Street is a multi-family home for sale in Eugene, OR 97402. This property was listed for sale on March 27, 2024 by Hybrid Real Estate, it's currently listed at $675,000. It has been on the market for a total of 33 days and was last sold on April 15, 2022. This listing's school district is Eugene School District 4j. Nearby schools include River Road/El Camino Del Rio Elementary School, Kelly Middle School and North Eugene High School. 511 Madison Street is a 0-bed, 0-bath, 1,507 sqft multi-family home built in 1910.

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 Hybrid Real Estate

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: 04/13/2024 07:44 PM