55 Federal Ln, Eugene, OR 97404
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
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....
Contact an agent
Home facts
- Year built:1928
- Listing ID #:640747560
- Added:2 day(s) ago
- Updated:October 21, 2026 at 02:28 AM
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
New listings near 55 Federal Ln
- New
$460,900Active4 beds 3 baths2,033 sq. ft.5775 Durst St, Eugene, OR 97402
MLS# 570123666Listed by: LENNAR SALES CORP - New
$199,000Active2.33 AcresSiesta Ln, Eugene, OR 97402
MLS# 269454310Listed by: WONDERLAND REALTY LLC - Open Sat, 11am to 1pm
$769,900Active4 beds 3 baths2,364 sq. ft.1244 Courtney Pl, Eugene, OR 97405
MLS# 791799622Listed by: BAILEY & HEISEY REAL ESTATE - New
$215,000Active2 beds 1 baths581 sq. ft.2141 W 15th Ct, Eugene, OR 97402
MLS# 542152993Listed by: WINDERMERE RE LANE COUNTY - New
$584,900Active3 beds 2 baths1,877 sq. ft.2697 Crowther Dr, Eugene, OR 97404
MLS# 640881795Listed by: RE/MAX INTEGRITY - New
$120,000Active0.05 AcresW 25th Avenue, Eugene, OR 97405
MLS# 727217461Listed by: WINDERMERE RE LANE COUNTY - New
$139,900Active0.28 AcresSylvan St, Eugene, OR 97403
MLS# 656796577Listed by: COLDWELL BANKER COAST REAL EST - New
$220,000Active3 beds 2 baths1,809 sq. ft.1699 N Terry St #176, Eugene, OR 97402
MLS# 354534368Listed by: TRIPLE OAKS REALTY LLC - New
$367,000Active3 beds 1 baths1,127 sq. ft.34121 El Manor Ave, Eugene, OR 97405
MLS# 712407679Listed by: RE/MAX INTEGRITY - New
$425,000Active2 beds 1 baths1,024 sq. ft.32475 Fox Hollow Rd, Eugene, OR 97405
MLS# 283491569Listed by: HARCOURTS WEST REAL ESTATE