1828 HILYARD ST, Eugene, OR 97401
- $675,000
- 4
- BD
- 2
- BA
- 2,654
- SqFt
- List Price
- $675,000
- Days on Market
- 10
- Status
- ACTIVE
- MLS#
- 745020638
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,654
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Lane Co: East Eugene
Property Description
Prime Development or Fixer Opportunity Blocks from UO!Attention investors, flippers, and developers: unleash the massive potential of this 1945 classic, situated in the highly coveted South University Neighborhood. Located just blocks from the University of Oregon in one of Eugene’s strongest student housing corridors, this property offers incredible land value and unparalleled versatility. The home itself features 4 bedrooms, 2 bathrooms, and 2,654 square feet of space, including a full, partially finished basement and a detached 1-car garage. While it has significant deferred maintenance and is being sold strictly as-is, its history as a student rental—previously bringing in an under-market $2,800 per month—proves its consistent, high-demand draw.The real magic lies in the rare R-3 limited high-density zoning on this generous 0.21-acre developable lot. Preliminary talks with the City of Eugene indicate incredible upside, allowing for a minimum of 5 units and up to 19 units for a complete redevelopment. Alternatively, you can choose to renovate the existing structure to flip, keep it as a charming single-family home, or update the space to maximize cash flow by renting by the door. Everything your future tenants or buyers need is within walking distance, including campus, vibrant dining, shopping, local services, schools, and public transportation. Whether you want to build up, renovate, or add a powerhouse asset to your portfolio, opportunities with this much zoning flexibility rarely hit the market. Bring your tool belt, your architect, and your vision—this property is priced for immediate potential! (Buyer to do due diligence regarding redevelopment potential and city requirements.)
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Additional Information
- Tax Amount
- $5,286
- Year Built
- 1945
- High School
- South Eugene
- Elementary School
- Edison
- Middle School
- Roosevelt
- Fireplaces Total
- 1
- Garage Spaces
- 1
- Garage Type
- Detached
- Acres
- 0.21
- Living Area
- 2,654
- Stories
- 3
- Subdivision
- SOUTH UNIVERSITY NEIGHBORHOOD
- Property Type
- Single Family Residence
- Lot Size Dimension
- 56x160
- Terms
- Cash, Conventional
- Master Bedroom Level
- Main
- Cooling Description
- None
- Fireplace Description
- Wood Burning
- Fuel Description
- Electricity, Gas
- Heating Description
- Forced Air
- Hot Water Description
- Gas, Tank
- Exterior Description
- Lap Siding, Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Style
- 2 Story, Cottage
- Parking
- Driveway, On Street
- Security Or Entry
- None
- Parking Description
- Driveway, On Street
- Road Surface
- Paved
- Exterior Features
- Deck
- Kitchen Appliances
- Dishwasher, Free-Standing Range
Mortgage Calculator
Listing courtesy of Coldwell Banker Professional Group.
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