Check Availability
$450,000
↓ $5K (1.1%)
● Multifamily - For Sale

655 MONROE ST

Eugene, OR 97402
bedrooms
Studio
bathrooms
0 Bath
square feet
2,424 Ft²
$2,499
Est. Monthly
2.34%
Cap Rate

About This Property

WHITEAKER CHARM WITH STRONG CASH FLOW AND DESIGNER LEVEL UPGRADES. This beautifully restored 1890 Queen Anne offers the rare combination of historic character, modern finishes, and proven income performance. The downstairs 3 bedroom, 1 bath unit has been completely remodeled and operates as a successful short term rental averaging approximately $2,900 per month. Thoughtfully redesigned from top to bottom, it features all new flooring, fresh interior paint, upgraded trim, curated designer lighting, and elevated hardware throughout. The kitchen showcases new cabinetry, solid surface countertops, a stylish tile backsplash, and a full suite of new stainless steel appliances. The bathroom has been tastefully renovated with updated vanity, fixtures, mirrors, and contemporary finishes that create a polished, move in ready experience. Furnishings are negotiable, offering flexibility for a seamless transition to the next owner. Upstairs, the 1 bedroom, 1 bath unit is occupied by a long term tenant paying $700 per month, providing consistent baseline income and added stability. Located just moments from Sweet Life, the Beer Garden, parks, and downtown Eugene, this property delivers both lifestyle appeal and investment strength. Financials available upon request. Showings available with accepted offer due to occupied long term tenant.
Unit Size
2,424 Ft²
Days on Market
221 days
Land Size
0.09 acres
Price per sqft
$186
Property Type
Multifamily
Property Taxes
$289
HOA Dues
-
Year Built
1890

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Last updated: 2 months ago ( #726412931)

Price History

Date / Event Date Event Price
Sep 10, 2026 Price Decreased $450,000
↓ $5K (1.1%)
Price Decreased
Sep 3, 2026 Price Decreased $454,900
↓ $5K (1.1%)
Price Decreased
Aug 27, 2026 Price Decreased $459,900
↓ $5K (1.1%)
Price Decreased
Aug 6, 2026 Price Decreased $464,900
↓ $5K (1.1%)
Price Decreased
Aug 4, 2026 Price Decreased $469,900
↓ $5K (1.1%)
Price Decreased
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Property Highlights

Parking Available
Parking Details
Parking Features: On Street
Interior Details
Basement: Finished, Storage Space
Exterior Details
Square Footage: 2424
Security Features: Entry, Sidewalk
Property Condition: Updated/Remodeled
Year Built: 1890
Building Area Total: 2424
Lot Features: Level
Lot Size Area: 3920
Lot Size Units: Square Feet
Lot Size Acres: 0.09
Lot Size Square Feet: 3920
Water Source: Public
Financial Details
Tax Annual Amount: $3,470
Utilities Details
Cooling Type: MiniSplit, WindowUnit
Heating Type: MiniSplit, 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
20230207
02/07/2023
2 Bed
2 Bath
2424 ft²
$299,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
2424 ft²
$305,000 +2.01%
02/24/2023
Tawnya Madsen
Eugene's Alternative REALTORS

Building Info

655 Monroe Street 655 Monroe Street, Eugene, OR 97402
  • 1 Unit for Sale
More about this Building
655 Monroe Street
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