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1591 High St 7 Unit Apartment Building $1,140,000 ($162,857/Unit) 5.77% Cap Rate Eugene, OR 97401
INVESTMENT HIGHLIGHTS
- Walking Distance to University of Oregon
- Solid Cash Flow
- 100% Occupied
EXECUTIVE SUMMARY
The High Street Seven is a 7-unit multifamily property steps from the UO Campus. The unit mix includes 1BR, 2BR, and a 4BR, with several updated interiors, modern appliances, and energy-efficient windows. Amenities include onsite laundry and mature landscaping. With a Walk Score of 95 and Bike Score of 100, tenants enjoy immediate proximity to the UO Campus, groceries, and downtown employers. Strong occupancy, solid cash flow, and clear value-add upside through rent modernization make this an attractive campus-area investment.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$106,740
|
$20.95
|
| Other Income |
$1,620
|
$0.32
|
| Vacancy Loss |
$5,337
|
$1.05
|
| Effective Gross Income |
$103,023
|
$20.22
|
| Taxes |
$7,649
|
$1.50
|
| Operating Expenses |
$29,540
|
$5.80
|
| Total Expenses |
$37,189
|
$7.30
|
| Net Operating Income |
$65,834
|
$12.92
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $106,740 |
| Annual Per SF | $20.95 |
| Other Income | |
|---|---|
| Annual | $1,620 |
| Annual Per SF | $0.32 |
| Vacancy Loss | |
|---|---|
| Annual | $5,337 |
| Annual Per SF | $1.05 |
| Effective Gross Income | |
|---|---|
| Annual | $103,023 |
| Annual Per SF | $20.22 |
| Taxes | |
|---|---|
| Annual | $7,649 |
| Annual Per SF | $1.50 |
| Operating Expenses | |
|---|---|
| Annual | $29,540 |
| Annual Per SF | $5.80 |
| Total Expenses | |
|---|---|
| Annual | $37,189 |
| Annual Per SF | $7.30 |
| Net Operating Income | |
|---|---|
| Annual | $65,834 |
| Annual Per SF | $12.92 |
PROPERTY FACTS
| Price | $1,140,000 | Building Class | C |
| Price Per Unit | $162,857 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,094 SF |
| Cap Rate | 5.77% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Parking Ratio | 0.79/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - R-3 | ||
| Price | $1,140,000 |
| Price Per Unit | $162,857 |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,094 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1913 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | R-3 - R-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $961.00 | - |
| 2+1 | 2 | $1,475 | - |
| 4+1 | 1 | $2,100 | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 0279933 | Total Assessment | $397,550 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $7,649 ($1.50/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0279933
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$397,550 (2025)
Annual Taxes
$7,649 ($1.50/SF)
Tax Year
2024
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1591 High St
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