$199,000
●
Land -
For Sale
2985 Capital DR #3
Eugene, OR 97403
Studio
0 Bath
$1,142
Est. Monthly
$50
HOA / Fees
About This Property
Now is the time to purchase the premier, buildable lot of your
choice in Eugene's newest upcoming subdivision, "The University
Overlook". The excitement of living at the top of Capital Drive in
SE Eugene lies in easy access to the University of Oregon, just one
of many perks. Breathtaking views of Eugene, the Cascades and
campus make this the perfect opportunity to build the home of your
dreams. Bring your own builder! All utility services accessible.
Unit Size
-
Days on Market
1238 days
Land Size
0.11 acres
Price per sqft
-
Property Type
Land
Property Taxes
$115
HOA Dues
$50
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 21 days ago ( #23344205)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2023 | Listed by Keller Williams The Cooley Real Estate Group | $199,000 | |
| Listed by Keller Williams The Cooley Real Estate Group | |||
| Apr 9, 2023 | No longer available | - | |
| No longer available | |||
| Feb 27, 2023 | Price Decreased |
$220,000
↓ $55K
(20%) | |
| Price Decreased | |||
| Dec 18, 2022 | Listed by Windermere Real Estate/Lane County | $275,000 | |
| Listed by Windermere Real Estate/Lane County | |||
| | |||
|
Beautiful, filtered view of the city between the trees. Powerful open views from second story available, enjoy overlooking campus and city lights beyond. Dead-end road which leads to pedestrian only entrance to the park. Become a part of this unique and beautiful community offering over 4 1/2 acres of conservation land (undeveloped and not buildable) of the 13 acre neighborhood adjacent to Hendricks Park to north and Ribbon Trail City park to the east
| |||
Property Highlights
With View
Exterior Details
Other Structures: None
Lot Features: Corner Lot
Lot Size Area: 4791
Lot Size Units: Square Feet
Lot Size Acres: 0.11
Lot Size Square Feet: 4791
Financial Details
Tax Annual Amount: $1,374
Location Details
HOA Fee: $50
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/18/2022
|
Loft
|
-
|
-
|
$275,000
Loft
-
|
-
-
|
Marcia Edwards
Windermere RE Lane County
|
Building Info
About South Eugene
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Listed by: Joshua Cooley, Keller Williams The Cooley Real Estate Group
Last Updated: 21 days ago
Data Source: RMLS , MLS# 23344205
Last Updated: 21 days ago
Data Source: RMLS , MLS# 23344205
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 RH Advisors are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on 10/26/2026 06:13. Some properties which appear for sale on this web site may subsequently have sold or no longer be available.
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