3659 W 18th Avenue, Eugene, OR 97402
New Listing
$24,500,000
Property Type:
Residential Income
Square Footage:
113,974
Lot Size (sq. ft.):
588,060
Status:
Active
Current Price:
$24,500,000
List Date:
4/23/2026
Last Modified:
4/23/2026
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.
Supplements: ********
More Information MLS# 220219954
Location, Tax, and Legal
Cross Street: Bailey
Section: Not Applicable
Parcel Number: 1046869
Lot Size Acres: 13.5
Lot Size Square Feet: 588060
Additional Parcels YN: No
Contract Information
List Price per SqFt: 214.96
Current Price: $24,500,000
Status: Active
Original List Price: 24500000
List Price: $24,500,000
Listing Contract Date: 2026-04-23
General Property Information
Building Area Total: 113974
Building Area Source: Assessor
Building Area Units: Square Feet
# of Units Total: 127
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 Sub Type: Multi Family
Year Built: 1972
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.
Appliances
Range: 1
Range Hood: 1
Refrigerator: 1
Architectural Style
Ranch: 1
Income and Expenses (Annual Amounts)
Net Operating Income: 1473714
Gross Income: 2119731
Professional Management Expense $: 77687
Operating Expense: 646017
Cap Rate: 6.02
Common Walls
1 Common Wall: 1
2+ Common Walls: 1
No Common Walls: 1
No One Above: 1
No One Below: 1
Cooling
Ductless: 1
Construction Materials
Frame: 1
Flooring
Laminate: 1
Tile: 1
Listing Terms
Cash: 1
Conventional: 1
Foundation Details
Slab: 1
Heating
Ductless: 1
Electric: 1
Inclusions/Exclusions
Exclusions: All Tenants Personal Belongings
Interior Features
Ceiling Fan(s): 1
Laminate Counters: 1
Primary Downstairs: 1
Shower/Tub Combo: 1
Levels
One: 1
Lot Features
Landscaped: 1
Level: 1
Roof
Composition: 1
Window Features
Double Pane Windows: 1
Road Surface Type
Paved: 1
Structure Type
House: 1
Community Features
Playground: 1
Sport Court: 1
Trail(s): 1
Parking Features
Asphalt: 1
Assigned: 1
Detached Carport: 1
Patio and Porch Features
Patio: 1
Power Production
None: 1
Sewer
Public Sewer: 1
Utilities
Electricity Available: 1
Electricity Connected: 1
Water Source
Public: 1
Parking Details
# of Carports: 90
# of Other Parking: 152
Documents on File
Profit and Loss Statement: 1
Schedule of Tenants: 1
Special Listing Conditions
Standard: 1
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
Status Change Information
Status Change Timestamp: 2026-04-23
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
Listing Office:
Century 21 North Homes Realty
Last Updated: April - 23 - 2026
Information deemed reliable but not guaranteed.