Multiplex Off I-5 near University of Oregon 95 N Washington St

Pacwest Commercial Real Estate Inc. is pleased to present the cash-flowing opportunity at 95 N Washington Street in Eugene, Oregon, to the market for investor acquisition. Recently renovated earlier this year, the fully occupied six-unit multiplex provides an excellent return. The asset spans 3,320 square feet on a corner lot peacefully tucked away adjacent to Interstate 105. The unit mix comprises two two-bedroom/ one-bathroom units and four studios with one bathroom. Each unit boasts vaulted ceilings, skylights, luxury vinyl, and appliances such as washers and dryers. The studios are efficiently designed with Murphy beds to maximize space. There is on-site parking for the tenants and an enclosed trash and recycling receptacle. Each unit has a separate electric meter. Of the renovations that took place in 2023, there is a new $38,000 metal roof and new electrical and plumbing; each unit now has an individual electric meter, and all capital improvements have been completed. Each unit includes a small, secure storage unit, providing convenient extra space for residents. There is also a community garden for residents who love growing produce. 95 N Washington Street is a significant investment for years to come.

The subject asset is conveniently located near Skinner's Butte Park, providing scenic outdoor views and recreation activities. The property is within walking distance of the Willamette River, providing easy access to additional local parks and recreational areas. It is also close to shopping centers, dining options, and other conveniences, making it a practical choice for those looking to live near Eugene's downtown area. National retailers nearby include Starbucks, Dollar Tree, The Home Depot, Planet Fitness, Texas Roadhouse, and World Market. Valley River Shopping Mall, anchored by Macy's, JCPenney, and Regal Cinema, is just across the river. 95 N Washington Street is close to the Fifth Street Public Market, enabling an easy walk for tenants to downtown local shops and entertainment. Downtown Eugene residents heavily rely on the Lane Transit District (LTD), which serves the community and surrounding areas. Multiple stops are along local thoroughfares, including west- and east-bound Fifth, Sixth, and Seventh avenues, and north- and south-bound streets Oak and Pearl. Interstates 105 and 5 are the main arteries throughout the Downtown area, connecting to further cities and neighboring states.

The University of Oregon is approximately 2.5 miles southeast of the subject property. This close proximity further emphasizes the local renter demand in the immediate area, as seen by 60% of the 3-mile demographics being renter-occupied. Additionally, 55% of the realm is one- and two-unit housing types, aligning with 95 N Washington Street’s build-out and capabilities. There are more than 127,200 residents in the area, with the average household income surpassing $78,000 and an annual spending power of more than $1.5 billion.

Property tours are available by appointment only. Please get in touch with the listing broker to schedule.