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Westwood Plaza Apartments 1247-1257 W 6th Ave 22 Unit Apartment Building $3,600,000 ($163,636/Unit) 5.71% Cap Rate Eugene, OR 97402
Investment Highlights
- 22-unit multifamily complex in Eugene’s desirable Whiteaker neighborhood
- Recent exterior upgrades including new fencing, entry gate, & resurfaced parking lot (2025)
- Close to downtown Eugene, University of Oregon & major transit routes (EmX nearby)
- All but 2 units have been renovated
- Strong unit mix: studios, 1-bedrooms, and 2-bedrooms with 26 on-site parking spaces
- Stable income producer with upside potential for continued rent growth
Executive Summary
Westwood Plaza Apartments offers a rare opportunity to acquire a fully-leased, 22-unit, well-maintained multifamily property in Eugene. Recent renovations have greatly improved the buildings and the majority of the units have been updated. Located in the Whiteaker Neighborhood (”The Whit”) near downtown and the University of Oregon, the property offers strong transit access, walkable amenities, and renter appeal. With a solid unit mix and on-site parking, Westwood Plaza is positioned for stable cash flow and future rent growth.
Property size based on unit rent roll. Buyer to verify actual size.
Property size based on unit rent roll. Buyer to verify actual size.
Property Facts
| Price | $3,600,000 | Building Class | C |
| Price Per Unit | $163,636 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 13,250 SF |
| Cap Rate | 5.71% | Average Occupancy | 100% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 1.96/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Limited High-Density Residential | ||
| Price | $3,600,000 |
| Price Per Unit | $163,636 |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 13,250 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | R-3 - Limited High-Density Residential |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $829,244 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$829,244
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Westwood Plaza Apartments | 1247-1257 W 6th Ave
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