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About the Listing 5CBP01 - JAMBLACK
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.)
Listing Highlights
Status
Active
Days on Site
1
Property Type
Residential
MLS ®
745020638
Year Built
1945
Total Square Footage
2,654
Lot/Acreage
0.21
County
Lane
Neighborhood
South University Neighborhood
Elementary School
Edison
Middle School
Roosevelt
High School
South Eugene
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: Dishwasher, Free-Standing Range
- Air Cond:
- Heating: Forced Air
- Fireplaces: 1, Wood Burning
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full Basement,Partially Finished
- Other: Master on Main
- Water: Public Water
Exterior Details
- Lot Description: Level,On Busline,Public Road
- Garage Capacity: 1 car
- Parking Spaces: 1
- Lot Dimensions: 56x160
- Zoning: R-3
- Roof: Composition
- Others: Deck,Resale
- Sewer: Public Sewer
- Parking Features: Detached,Driveway,On Street
Financial Details
- Tax Amount: $5,287
- Taxes w/Assessments: N/A
- Tax/Property ID: 0600278
- Tax Year: N/A
Payment Calculator
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Questions About..
1828 Hilyard St Eugene, OR 97401
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