585 E 19th Avenue, Eugene, OR 97401

$4,650,000
Property Type: Residential Income Square Footage: 12,027 Lot Size (sq. ft.): 25,265 Status: Closed
Current Price: $4,650,000 List Date: 4/19/2022 Last Modified: 5/27/2026

Overview

Description

**Taking Back-up Offers** Shannon's Place Apartments is a 25-unit apartment property located within Eugene, Oregon. The property was built in 1958 and features a unit mix of predominantly two-bedroom units. Its floor plans include two one-bedroom units, and eighteen two-bedroom apartments in a garden-style layout. The property is a two-story wood framed walk-up complex. There is a laundry room on each floor. Shannon's Place Apartments is near shopping and amenities including Safeway, Hiron's Drug Store, Subway, and several local eateries. Nearby parks include West University City Park, Amazon Park and Amazon Pool. The property is located in the South University neighborhood and is approximately two blocks from the University of Oregon campus. The property has a walk score of 84 out of 100 and is walkable for students. The property is also located on the city bus line. Rene' Nelson, CCIM of Pacwest Commercial Real Estate, Eugene OR is the co-listing agent.

Listing Details MLS# 220143605

General Property Information

Property Sub Type
Multi Family
Building Area Total
12027
Building Area Source
Assessor
Building Area Units
Square Feet
# of Units Total
25
Year Built
1958
Short Term Rental Permit YN
Yes
New Construction YN
No
Elementary School
Check with District
Middle Or Junior School
Check with District
High School
South Eugene High
Zoning
R-4
Tax Annual Amount
28872
Tax Year
2021
Potential Tax Liability YN
No
Assessment YN
No
CC&R's YN
No
Association YN
No
Preferred Escrow Company & Officer
Cascade Title / Nadja Judish
FIRPTA YN
No
Sign On Property YN
No

Property Features

Appliances: Oven; Refrigerator Architectural Style: Northwest Basement: None Common Walls: 2+ Common Walls Construction Materials: Block; Concrete; Frame Cooling: Other Flooring: Carpet; Concrete Foundation Details: Block; Pillar/Post/Pier; Slab; Stemwall Heating: Electric; Forced Air Levels: One Roof: Membrane Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Window Features: Vinyl Frames Additional Features: Bus Service or Stop; Laundry Facility; Separate Electric Meters Exterior Features: Courtyard Utilities: Electricity Connected Flood: Unknown Lot Features: Fenced; Landscaped; Level Parking Features: Alley Access; Asphalt; Assigned; Parking Lot Road Surface Type: Paved View: Neighborhood Sewer: Public Sewer Water Source: Public Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
585
Street Dir Prefix
E
Street Name
19th
Street Suffix
Avenue
County
Lane
State
OR
Postal Code
97401
Subdivision Name
N/A

Contract Information

Original List Price
5000000
List Price per SqFt
386.63
Listing Contract Date
2022-03-31

Remarks and Miscellaneous

Public Remarks
**Taking Back-up Offers** Shannon's Place Apartments is a 25-unit apartment property located within Eugene, Oregon. The property was built in 1958 and features a unit mix of predominantly two-bedroom units. Its floor plans include two one-bedroom units, and eighteen two-bedroom apartments in a garden-style layout. The property is a two-story wood framed walk-up complex. There is a laundry room on each floor. Shannon's Place Apartments is near shopping and amenities including Safeway, Hiron's Drug Store, Subway, and several local eateries. Nearby parks include West University City Park, Amazon Park and Amazon Pool. The property is located in the South University neighborhood and is approximately two blocks from the University of Oregon campus. The property has a walk score of 84 out of 100 and is walkable for students. The property is also located on the city bus line. Rene' Nelson, CCIM of Pacwest Commercial Real Estate, Eugene OR is the co-listing agent.

Status Change Information

Close Date
2022-07-22
Under Contract Date
2022-04-19
Status Change Timestamp
2022-07-25
Close Price
4650000
Sold Price per SqFt
386.63

More Information

Parking Details

# of Other Parking
24
Listing Office: Coldwell Banker Commercial Pro West
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.