West 6th Multifamily Conversion Opportunity

Address: 1190 W 6th Avenue, Eugene, Oregon, US

Seattle & Northwest + Apartments

Created date: September 5, 2023

Date last updated: September 5, 2023

Fully approved for multifamily conversion
Value-add opportunity
10 minutes from downtown Eugene and the University of Oregon

Property Description

This former hotel located in Eugene was built in 1971 and is approved to be converted into 80 studio apartments. Four of the rooms have already been converted with updated interior features. The property’s ability to continue operating as a hotel or short-term housing adds value for investors considering its purchase.The property is located between West 6th and 7th Avenues, main Eugene thoroughfares that allow tenants convenient access around the city. Both downtown Eugene and the University of Oregon are less than a 10-minute drive from the property.

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Broker Details

Todd Tully

Broker Details

Gregory Frick

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Price:	$7,988,800
No. of Units:	80
Lot Size:	16,704.00 Acres
Opportunity Zone:	No
Price per unit:	$99,860
Property Website	Click Here