177 Day Island Rd - Apartments FOR SALE


Eugene, OR 97401- Harlow
$4,250,000 USD
541-513-0918
177 Day Island Rd, Eugene, OR for Sale
$4,250,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

177 Day Island Rd
Eugene, OR 97401
Harlow


HIGHLIGHTS

  • Immediate proximity to downtown, Oakway Center, trails and open green spaces
  • Adjoins Alton Baker Park

OVERVIEW

Multi-Family Project Land for Sale Situated alongside the Willamette River in one of Eugene’s most desirable corridors, The Alton Baker offers a premier location for apartment development with a rare combination of natural beauty, urban connectivity, and institutional demand.  • CC - Community Commercial Zoning  • 1.55 Acres (0.91 AC Useable)   • Build-ready plans for a six-story building with parking on the ground floor and units on floors 2-6  • Podium construction, fire retardant, treated wood framing  • Estimated pro forma, stabilized NOI of $2,240,992 (“Estimated NOI. Buyer to do their own due diligence in regard to all financials”)  • The sale of the property includes all plans, engineering entitlements and rights  • Permits have been issued by the City of Eugene and construction could start immediately  • Central Eugene location at the entrance to Alton BakerPark and close proximity to University of Oregon, Autzen Stadium, Downtown Eugene and Oakway Center  • Metro-Wide (excluding student housing) Apartment Vacancy rate of 3.56% (source: MFNW Spring 2025 Report)  • Rents expected to increase in the coming years  • Total of 103,846 sf (permit record) | 58,765 sf of unit space  • Thirty (30) 2-BD/2-BA units, Thirty (30) 1-BD/1-BA units, Forty (40) studios  • Tax Map & Lot Number: 17-03-29-34-00200  • $4,250,000

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

100

PRICE/UNIT

$42,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Alton Baker

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

CC

APN/PARCEL ID

1019122

ASK ABOUT THIS PROPERTY

Jack PenningtonEvans, Elder, Brown, & Seubert Inc.More Info
541-513-0918

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Jack PenningtonEvans, Elder, Brown, & Seubert Inc.More Info
541-513-0918

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.