REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jared Hambrook

jaredh@legacyre.com +1(503) 930-2124

Listed by Hybrid Real Estate

$ 585,000

Est. payment -/mo

Save Virtual Tour

Active

55 FEDERAL LN Eugene, OR 97404

6 Beds

4 Baths

3,238 SqFt

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

Virtual Tour https://listings.highview.media/sites/ejgngzxy/unbranded

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Principal Broker License ID: 201211534

+1(503) 930-2124

Jared Hambrook

55 FEDERAL LN Eugene, OR 97404

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Go tour this home

55 FEDERAL LN