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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
This is a hard-to-find small-scale infill site built for local builders seeking a clean, efficient residential project in a proven rental pocket of Eugene. Located at W. 15th Avenue and Olive Alley, the flat, rectangular parcel is zoned R-3 for up to six units, with potential upside through rezoning to R-4 for higher density. The site is alley-served, utilities are available, and the surrounding neighborhood is already built out, eliminating entitlement uncertainty common with fringe development. Minutes to downtown, the Eugene Public Library, Hult Center, and Lane County Fairgrounds, this property offers a rare chance to control a well-located urban lot sized correctly for a 4–6 unit build without competing against institutional buyers for larger sites
The property has strong upside potential with R-4 zoning, allowing up to 13 units.
The property has strong upside potential with R-4 zoning, allowing up to 13 units.
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.
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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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