See Home Value
$549,000
● Multifamily - Off Market

1259 MONROE ST

Eugene, OR 97402
bedrooms
Studio
bathrooms
0 Bath
square feet
2,358 Ft²
$3,027
Est. Monthly
1.49%
Cap Rate

About This Property

Fantastic opportunity for owner-investors or seasoned investors. This property features two updated 2-bed/1-bath units, each with its own washer/dryer, in a highly desirable location boasting an 80 Walk Score and 100 Bike Score. Two addresses (1259 and 1261) and two meters for utilities. Just one mile from the University of Oregon and near the Lane County Historical Museum and Lane Events Center. The front home offers 954 sq ft of living space, partially furnished, with new heat pump & ductless mini-splits, plus new roof in 2023. There is an additional 524 sq ft of unfinished area with potential for future expansion or an additional rental. The back home provides 880 sq ft and a reliable long-term tenant. The property includes a detached one-car garage, great neighbors, and strong income-generation potential which make this a standout investment in an exceptionally convenient location. Do not disturb tenant in back house.
Unit Size
2,358 Ft²
Days on Market
104 days
Land Size
-
Price per sqft
$233
Property Type
Multifamily
Property Taxes
$331
HOA Dues
-
Year Built
1915

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Last updated: 11 days ago ( #178796018)

Price History

Date / Event Date Event Price
Oct 16, 2026 Sold
Sold
Sep 15, 2026 In contract -
In contract
Sep 4, 2026 Price Decreased $549,000
↓ $50K (8.4%)
Price Decreased
Jul 4, 2026 Listed by Windermere RE Lane County $599,000
Listed by Windermere RE Lane County

Property Highlights

Parking Available
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, On Street
Garage Spaces: 1
Exterior Details
Square Footage: 2358
Security Features: Security Lights, Security System Owned
Property Condition: Updated/Remodeled
Year Built: 1915
Building Area Total: 2358
Lot Features: Level, PublicRoad
Water Source: Public
Financial Details
Tax Annual Amount: $3,968
Utilities Details
Cooling Type: Heat Pump
Heating Type: Ductless, Heat Pump, WallHeater
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Building Info

1259 Monroe Street 1259 Monroe Street, Eugene, OR 97402
  • 1 Unit for Sale
More about this Building
1259 Monroe Street
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