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W. 15th Avenue - West 15th Ave & Olive Alley R3 Land 0.12 Acres of Residential Land Offered at $375,000 in Eugene, OR 97401
INVESTMENT HIGHLIGHTS
- Prime mid-town Eugene location near cultural landmarks
- Full utility access and paved alley for streamlined construction
- Ideal for urban infill multifamily development
- Strong development upside with potential rezoning to R-4
- Walkable to downtown retail, dining, and entertainment
EXECUTIVE SUMMARY
Located at W. 15th Avenue and Olive Alley in mid-town Eugene, this 0.12-acre parcel offers a rare opportunity for urban infill development. The site is steps from downtown amenities, including the Eugene Public Library, Lane County Fairgrounds, and the Hult Center, making it ideal for housing that appeals to professionals and students.
Zoned R-3 for up to six units, the property has strong upside potential with rezoning to R-4, allowing up to thirteen units. Utilities are in place, and paved alley access simplifies construction. Its central location ensures walkability and quick access to major routes like I-105 and OR-126, supporting connectivity throughout the region.
With Eugene’s growing demand for quality housing near cultural and employment hubs, this site is well-positioned for developers seeking a high-value project in a thriving market.
Zoned R-3 for up to six units, the property has strong upside potential with rezoning to R-4, allowing up to thirteen units. Utilities are in place, and paved alley access simplifies construction. Its central location ensures walkability and quick access to major routes like I-105 and OR-126, supporting connectivity throughout the region.
With Eugene’s growing demand for quality housing near cultural and employment hubs, this site is well-positioned for developers seeking a high-value project in a thriving market.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $375,000 | Lot Size | 0.12 AC |
| Price Per AC | $3,125,000.00 |
| Price | $375,000 |
| Price Per AC | $3,125,000.00 |
| Lot Size | 0.12 AC |
DESCRIPTION
This prime development parcel is strategically located at the corner of W. 15th Avenue and Olive Alley in the heart of mid-town Eugene. The site offers excellent connectivity with paved alley access and full utility availability, making it ideal for multifamily development. Its proximity to key cultural and civic landmarks—including the Eugene Public Library, Lane County Fairgrounds, and Hult Center for Performing Arts—enhances its appeal for residential projects targeting urban professionals and students.
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 0277895 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $78,242 |
PROPERTY TAXES
Parcel Number
0277895
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$78,242
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W. 15th Avenue - West 15th Ave & Olive Alley R3 Land
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