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(541) 556-1845
Real Estate Company
55 FEDERAL LN, Eugene, OR 97404
- $585,000
- 6
- BD
- 4
- BA
- 3,238
- SqFt
- List Price
- $585,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- 640747560
- Rent
- 4545
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 3,238
- Lot Size
- 20, 000 SqFt to .99 Acres
- Region
- Lane Co: Santa Clara
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.
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Additional Information
- Tax Amount
- $4,123
- Year Built
- 1928
- High School
- North Eugene
- Elementary School
- Spring Creek
- Middle School
- Madison
- Garage Spaces
- 2
- Garage Type
- Detached
- Acres
- 0.50
- Living Area
- 3,238
- Stories
- 2
- Property Type
- Single Family Residence
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Zoned
- Hot Water Description
- Electricity
- Exterior Description
- T-111 Siding, Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Style
- Other
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Listing courtesy of Hybrid Real Estate.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.