Central Oregon Homes, Land & Acreage for Sale

3659 W 18th Avenue, Eugene, OR 97402

$24,500,000

Property Type: Residential Income Square Footage: 113,974 Lot Size (sq. ft.): 588,060 Status: Pending

Current Price: $24,500,000 List Date: 4/23/2026 Last Modified: 8/13/2026

Overview

Description

127 unit garden style apartment project on the corner of West 18th Ave and Bailey Hill Rd. Property is one tax lot and 13.5 acres with abundant open/green spaces, community room, rec room, basketball court and playground. All units have a ductless heating/cooling unit installed last year. Most buildings have had roofs replaced over the last 10 years. Call the listing agent or have your broker call for a marketing package with all financial information for the project.

Listing Details MLS# 220219954

General Property Information

Property Sub Type: Multi Family
Building Area Total: 113974
Building Area Source: Assessor
Building Area Units: Square Feet
# of Units Total: 127
Year Built: 1972
Short Term Rental Permit YN: No
New Construction YN: No
Elementary School: Check with District
Middle Or Junior School: Check with District
High School: Check with District
Zoning: R1
Tax Annual Amount: 200095.4
Tax Year: 2025
Potential Tax Liability YN: No
CC&R's YN: Yes
Association YN: No
Preferred Escrow Company & Officer: CLA
FIRPTA YN: No
Sign On Property YN: Yes

Property Features

Appliances: Range; Range Hood; Refrigerator Architectural Style: Ranch Common Walls: 1 Common Wall; 2+ Common Walls; No Common Walls; No One Above; No One Below Construction Materials: Frame Cooling: Ductless Flooring: Laminate; Tile Foundation Details: Slab Heating: Ductless; Electric Interior Features: Ceiling Fan(s); Laminate Counters; Primary Downstairs; Shower/Tub Combo Levels: One Roof: Composition Window Features: Double Pane Windows Utilities: Electricity Available; Electricity Connected Lot Features: Landscaped; Level Parking Features: Asphalt; Assigned; Detached Carport Patio and Porch Features: Patio Road Surface Type: Paved Structure Type: House Community Features: Playground; Sport Court; Trail(s) Power Production: None Sewer: Public Sewer Water Source: Public Documents on File: Profit and Loss Statement; Schedule of Tenants Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number: 3659
Street Dir Prefix: W
Street Name: 18th
Street Suffix: Avenue
County: Lane
State: OR
Postal Code: 97402
Subdivision Name: Out of Area - See Remarks

Contract Information

Original List Price: 24500000
List Price per SqFt: 214.96
Listing Contract Date: 2026-04-23

Remarks and Miscellaneous

Public Remarks: 127 unit garden style apartment project on the corner of West 18th Ave and Bailey Hill Rd. Property is one tax lot and 13.5 acres with abundant open/green spaces, community room, rec room, basketball court and playground. All units have a ductless heating/cooling unit installed last year. Most buildings have had roofs replaced over the last 10 years. Call the listing agent or have your broker call for a marketing package with all financial information for the project.

Status Change Information

Under Contract Date: 2026-08-13
Status Change Timestamp: 2026-08-13

More Information

Parking Details

# of Carports: 90
# of Other Parking: 152

Income and Expenses (Annual Amounts)

Gross Income: 2119731
Professional Management Expense $: 77687
Operating Expense: 646017
Net Operating Income: 1473714
Cap Rate: 6.02

Listing Office: Century 21 North Homes Realty

Last Updated: August - 13 - 2026

Information deemed reliable but not guaranteed.