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The Alton Baker 177 Day Island Rd 100 Unit Apartment Building $3,360,000 ($33,600/Unit) Eugene, OR 97401
Investment Highlights
- Immediate proximity to downtown, Oakway Center, trails and open green spaces
- Adjoins Alton Baker Park
Executive Summary
Multi-Family Project Land for Sale
Situated alongside the Willamette River in one of Eugene’s most desirable corridors, The Alton Baker offers a premier location for apartment development with a rare combination of natural beauty, urban connectivity, and institutional demand.
• CC - Community Commercial Zoning
• 1.55 Acres (0.91 AC Useable)
• Build-ready plans for a six-story building with parking on the ground floor and units on floors 2-6
• Podium construction, fire retardant, treated wood framing
• Estimated pro forma, stabilized NOI of $2,240,992 (“Estimated NOI. Buyer to do their own due diligence in regard to all financials”)
• The sale of the property includes all plans, engineering entitlements and rights
• Permits have been issued by the City of Eugene and construction could start immediately
• Central Eugene location at the entrance to Alton BakerPark and close proximity to University of Oregon, Autzen Stadium, Downtown Eugene and Oakway Center
• Metro-Wide (excluding student housing) Apartment Vacancy rate of 3.56% (source: MFNW Spring 2025 Report)
• Rents expected to increase in the coming years
• Total of 103,846 sf (permit record) | 58,765 sf of unit space
• Thirty (30) 2-BD/2-BA units, Thirty (30) 1-BD/1-BA units, Forty (40) studios
• Tax Map & Lot Number: 17-03-29-34-00200
• Reduced Price: $3,360,000
Situated alongside the Willamette River in one of Eugene’s most desirable corridors, The Alton Baker offers a premier location for apartment development with a rare combination of natural beauty, urban connectivity, and institutional demand.
• CC - Community Commercial Zoning
• 1.55 Acres (0.91 AC Useable)
• Build-ready plans for a six-story building with parking on the ground floor and units on floors 2-6
• Podium construction, fire retardant, treated wood framing
• Estimated pro forma, stabilized NOI of $2,240,992 (“Estimated NOI. Buyer to do their own due diligence in regard to all financials”)
• The sale of the property includes all plans, engineering entitlements and rights
• Permits have been issued by the City of Eugene and construction could start immediately
• Central Eugene location at the entrance to Alton BakerPark and close proximity to University of Oregon, Autzen Stadium, Downtown Eugene and Oakway Center
• Metro-Wide (excluding student housing) Apartment Vacancy rate of 3.56% (source: MFNW Spring 2025 Report)
• Rents expected to increase in the coming years
• Total of 103,846 sf (permit record) | 58,765 sf of unit space
• Thirty (30) 2-BD/2-BA units, Thirty (30) 1-BD/1-BA units, Forty (40) studios
• Tax Map & Lot Number: 17-03-29-34-00200
• Reduced Price: $3,360,000
Property Facts
| Price | $3,360,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $33,600 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.55 AC |
| No. Units | 100 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 103,846 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Zoning | CC - Community Commercial | ||
| Price | $3,360,000 |
| Price Per Unit | $33,600 |
| Sale Type | Investment |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.55 AC |
| Construction Status | Proposed |
| Building Size | 103,846 SF |
| No. Stories | 6 |
| Zoning | CC - Community Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 30 | $3,837 | 915 |
| 1+1 | 30 | $2,171 | 632 |
| Studios | 40 | $1,493 | 364 |
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 1019122 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,923,463 |
Property Taxes
Parcel Number
1019122
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,923,463
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The Alton Baker | 177 Day Island Rd
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