Log In/Sign Up
Your email has been sent.
540 Polk St 18 Unit Apartment Building $3,375,000 ($187,500/Unit) 6.22% Cap Rate Eugene, OR 97402
Executive Summary
540 Polk Street sits in the Whiteaker, the most walkable and best-known of Eugene’s close-in neighborhoods, about a mile from downtown and the Hult Center and under three miles from the University of Oregon. Residents can walk to Ninkasi, Falling Sky, and the Blair Boulevard food-and-brewery district, with the EmX line close by for a car-light commute. This is central Eugene, and renter demand here has stayed deep and consistent across the cycle.
Kells Village is a gated, 18-unit community built around a private courtyard, with a durable mix of eight 2-bed/1-bath flats and ten 2-bed/1.5-bath townhomes averaging roughly 800 square feet. The roofs were replaced across the property in 2024, taking the single largest capital item off the next owner’s plate. Units carry the features that actually drive rent in this submarket, including dishwashers, off-street parking, and updated heating in select homes.
Kells Village is a gated, 18-unit community built around a private courtyard, with a durable mix of eight 2-bed/1-bath flats and ten 2-bed/1.5-bath townhomes averaging roughly 800 square feet. The roofs were replaced across the property in 2024, taking the single largest capital item off the next owner’s plate. Units carry the features that actually drive rent in this submarket, including dishwashers, off-street parking, and updated heating in select homes.
Property Facts
| Price | $3,375,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 0.54 AC |
| Sale Type | Investment | Building Size | 26,682 SF |
| Cap Rate | 6.22% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.9/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R-3 - High Residential | ||
| Price | $3,375,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 26,682 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | R-3 - High Residential |
Amenities
Unit Amenities
- Hardwood Floors
- Garden
Site Amenities
- Courtyard
- Laundry Facilities
- Wi-Fi
- Bicycle Storage
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,488 | 800 |
| 2+1.5 | 10 | $1,523 | 840 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0474658 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,011,795 |
Property Taxes
Parcel Number
0474658
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,011,795
1 of 38
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
