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South Crest Apartments 5477 Donald St 27 Unit Apartment Building $3,995,000 ($147,963/Unit) 5.80% Cap Rate Eugene, OR 97405
Investment Highlights
- Stable South Eugene Investment with 5.8% Actual Cap Rate Proven cash flow and strong tenant stability in a desirable Southeast Eugene location near UO
- Below-Market Rents (~10% Under Market) with Value-Add Potential Immediate upside through modest rent adjustments and continued light interior updates.
- Recent 2025 Roof Replacements on Four Buildings Major capital improvements completed with transferable warranties — reducing near-term maintenance ris
Executive Summary
Stable South Eugene multifamily investment featuring 27 units across six buildings. 2025 roof replacements, strong tenant stability, and rents ~10% below market create a clear value-add opportunity in a desirable location.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $3,995,000 | Apartment Style | Garden |
| Price Per Unit | $147,963 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.19 AC |
| Cap Rate | 5.80% | Building Size | 34,000 SF |
| No. Units | 27 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | ||
| Zoning | C-2 - Permits multifamily and neighborhood commercial uses | ||
| Price | $3,995,000 |
| Price Per Unit | $147,963 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.19 AC |
| Building Size | 34,000 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Zoning | C-2 - Permits multifamily and neighborhood commercial uses |
Amenities
Unit Amenities
- Balcony
- Heating
- Stainless Steel Appliances
- Tub/Shower
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 684 |
| 2+1 | 19 | - | 949 |
Property Taxes
| Parcel Number | 0687259 | Total Assessment | $1,808,270 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0687259
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,808,270 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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South Crest Apartments | 5477 Donald St
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