950 Patterson Street

Eugene, OR 97401

$949,000
Price
Beds
3,662 Sq. Ft.
$259 / Sq. Ft.
3,662
Sq. Ft.
$259
per Sq. Ft.

Description

Multifamily investment property located a few blocks from the University of Oregon and Bushnell University. Four units with a desirable unit mix. Value-add opportunity as rents are below market. Newer roof and onsite laundry. At list price, Seller is offering a $50,000 credit towards upgrades.Multifamily investment property located a few blocks from the University of Oregon and Bushnell University. Four units with a desirable unit mix. Value-add opportunity as rents are below market. Newer roof and onsite laundry. At list price, Seller is offering a $50,000 credit towards upgrades.
  1. Listed by Kristena Cox • Windermere RE Lane County • 541-501-3399

Property Details for 950 Patterson Street

Zoning
C-2

Location

Listing Courtesy of Windermere RE Lane County
Add your commute
LISTING UPDATED: 04/30/2024 02:56 AM

Property Details for 950 Patterson Street

StatusActive
MLS #24327460
Days on Market27
Taxes$6,493 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1920
Lot Size0.11 AC / 4,791 SF
CountyLane County

Location

Listing Courtesy of Windermere RE Lane County
Add your commute

Building Information for 950 Patterson Street

Stories2Residences4Year Built1920Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$5,720 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,179

Property Taxes

$541

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 950 Patterson Street

Summary
Location and General Information
  • Country: US
  • Directions: Broadway and Patterson
  • Road Surface: Paved
School Information
  • Elementary School: Edison
  • High School: South Eugene
  • Middle Or Junior School: Roosevelt
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $6,492.79
  • Parcel Number: 1423225
  • Tax Legal Description: Map & Taxlot#17-03-32-23-06100
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Level, On Busline
  • 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: 1920
Utilities
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Other, Wall Heater
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Wood Siding
  • Roof Type: Composition
Interior Features
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $68,640.00
  • Gross Income Projected: $78,900.00
  • Gross Rent Multiplier: $13.83
  • Investor Information: Profit Loss Statement
  • Net Income Actual: $43,247.00
  • Net Income Projected: 50837
  • Operating Expenses Projected: $26,829.00
  • Operating Expense: $23,671.00
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 3662
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Rent: $1,075
  • Unit Type 1 SqFt: 600.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $1,145
  • Unit Type 2 SqFt: 600.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 4
  • Unit Type 3 Rent: $1,750
  • Unit Type 3 SqFt: 750.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 4
  • Unit Type 4 Rent: $1,595
  • Unit Type 4 SqFt: 750
  • Unit Type 4 UnitsTotal: 1

Property History for 950 Patterson 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 950 Patterson Street

Taxable ValueLand-Additions-Total-
Tax Record2023$6,493 ($541 / month)
Home Facts
Lot Size4,792 SqFtStyleMulti-Family Dwelling (2-4)ZoningC-2-COMMUNITYCountyLANEAPN17-03-32-23-06100-000

Schools near 950 Patterson 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
Edison Elementary School
PublicK to 5

Roosevelt Middle School
Public6 to 8

South 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

950 Patterson Street is a multi-family home for sale in Eugene, OR 97401. This property was listed for sale on April 3, 2024 by Windermere RE Lane County, it's currently listed at $949,000. It has been on the market for a total of 27 days and was last sold on November 20, 2002. This listing's school district is Eugene School District 4j. Nearby schools include Edison Elementary School, Roosevelt Middle School and South Eugene High School. 950 Patterson Street is a 0-bed, 0-bath, 3,662 sqft multi-family home built in 1920.

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 Windermere RE Lane County

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: 04/30/2024 02:56 AM