55 Federal Ln, Eugene, OR 97404
Local realty services provided by:CENTURY 21 Northstar
Listed by: emily williamson
Office: hybrid real estate541-343-0322
MLS#:640747560
Source:PORTLAND
Price summary
- Price:$585,000
- Price per sq. ft.:$180.67
About this home
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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Home facts
- Year built:1928
- Listing ID #:640747560
- Added:3 day(s) ago
- Updated:October 22, 2026 at 12:02 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,238 sq. ft.
Heating and cooling
- Heating:Zoned
Structure and exterior
- Roof:Composition
- Year built:1928
- Building area:3,238 sq. ft.
- Lot area:0.5 Acres
- Lot Features:Level
- Levels:2 Stories
Schools
- High school:North Eugene
- Middle school:Madison
- Elementary school:Spring Creek
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$585,000
- Price per sq. ft.:$180.67
- Tax amount:$4,124 (2025)
Parking
- Total parking spaces:2
- Garage spaces:2
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