55 FEDERAL LN, Eugene, OR 97404
55 FEDERAL LN, Eugene, OR 97404
55 FEDERAL LN, Eugene, OR 97404
44
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Listed by Hybrid Real Estate
$585,000
Est. payment /mo
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6 Beds
4 Baths
3,238 SqFt
New

55 FEDERAL LN Eugene, OR 97404

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Tanara Greywolf

Tanara Greywolf

+1(541) 731-9329

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,238 sqft

Price per Sqft $180

MLS Listing ID 640747560

Style Other

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1928

Annual Tax Amount $4,123

Tax Year 2025

Lot Size 0.500 Acres

Property Sub-Type Single Family Residence

Property Description

Eugene Investment Property 55 & 75 Federal Eugene, OR | 3 Rental Units | $4,545 Monthly Rental Income | Multi-Family Development Potential!Exceptional opportunity to own an income-producing investment property in Eugene, Oregon, featuring 2 separate homes, 3 rental units, and a vacant lot with future development potential! Currently generating $4,545 per month in rental income ($54,540 annually), this versatile property offers immediate cash flow, multiple income streams, and exciting opportunities for expansion.Home #1 – 1,718 Sq. Ft. | 2 Rental Units | 2-Car GarageThis property features two separate rental units. The upper-level unit offers 2 bedrooms and 1 bathroom, while the lower-level unit includes 1 bedroom, 1.5 bathrooms, and 4 additional unfinished rooms. Lower-level rental photos coming soon!Home #2 – 1,520 Sq. Ft. | 4 Bedrooms | 2 BathroomsThe second home features a spacious floor plan, updated kitchen, private fenced yard, and ample parking, making it an attractive rental property. All renters are long term and would like to stay. Additional Rental Income & Development Opportunities!The vacant lot provides potential for additional construction, including a duplex while maintaining the existing homes. Investors and developers may also explore subdividing the property through the City of Eugene, with preliminary subdivision costs estimated at approximately $30,000. Depending on zoning, feasibility, and city approvals, additional duplex or fourplex development may be possible.2 Homes | 3 Rental Units | $54,540 Annual Rental Income | Vacant Lot | Future Development PotentialProperty information provided by the seller. Buyer to independently verify rental income, zoning, permitted uses, rental unit status, subdivision costs, development feasibility, and building requirements with the City of Eugene and appropriate authorities. All future development is subject to applicable approvals.

Location

State OR

County Lane

Area _248

Zoning R1

Interior

Heating Zoned

Cooling None

Exterior

Parking Features Detached

Garage Spaces 2.0

Roof Type Composition

Garage Yes

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Spring Creek

Middle Schools Madison

High Schools North Eugene

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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Tanara Greywolf

Tanara Greywolf

Real Estate Broker License ID: 201233699

+1(541) 731-9329

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