265 W 8th Ave, Eugene, OR 97401

$11,639,000

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Property Description

The WestTown on 8th is a well-positioned mixed-use community offering attractive affordable housing in the heart of downtown Eugene. Built in 2008, the property includes 111 units across two buildings totaling 94,861 square feet on 0.83 acres. Featuring a diverse mix of studios, one-bedroom and two-bedroom units along with nine live/work units. Over $3,500,000 in recent improvements to building siding, HVAC and elevator modernization. Property was built with Section 42 LIHTC tax credits and has affordability restrictions that run into 2083. **Offers Are Due on October 22, 2026***

265 W 8th Ave | MLS# 515399097

This multi-family property located at 265 W 8th Ave, Eugene, OR 97401 is currently listed for sale with an asking price of $11,639,000. Search Eugene real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Other
Fuel Type: Electricity
Heating: Wall Furnace
Roof Type: Flat
Stories: 6.0
Taxes: $6,091
Year Built: 2008
Square Feet: 94,861

Units

Unit Type 1:
Bathroom(s): 1
Features: Refrigerator
Rent: $785.00
Square Footage: 477
Total Units: 32
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Refrigerator
Rent: $700.00
Square Footage: 589
Total Units: 54
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Refrigerator
Rent: $825.00
Square Footage: 885
Total Units: 16
Unit Type 4:
Bathroom(s): 1
Bedrooms: 1
Features: AirConditioning, Deck
Rent: $1600.00
Square Footage: 927
Total Units: 9

Feature Descriptions

Days on Site: 30
Exterior: Cement Siding
Gross Income: $1363227.00 (Actual)
Hot Water: Other
Lot: Level
Net Income: $681594.00 (Actual)
Operating Expenses: $681634.00 (Actual)
Parking: Assigned
Parking Notes: Assigned
Sewer: Public Sewer
Special View Info: City
Storage: IndividualStorageUnits
Units: 111
Water: Public Water

Local Schools

High School: North Eugene
Middle School: Kelly
Elementary School: River Road

Listed By / Shown By

Listed By

Agency Name: Windermere RE Lane County
Agency Contact: 541-501-3399

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 62,755.41 per month $58,853.12 Principal & Interest $507.58 Property Tax $3,394.71 Homeowner's Insurance

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