16-unit multifamily property consisting of a 6-plex, a 3-plex, and 7 detached units, for 9,907 square feet in a total of 9 buildings. There are 10x 2-bed units and 6x 1-bed units, all of which are 1-bath, for a total of 26 beds and 16 baths at the property. Income-producing multifamily property with a strong rental history and proven track record of attracting tenants. Significant portions of the property have been renovated and updated over the last few years, yet the property retains some additional value-add opportunity to drive future appreciation. Property has generally been fully-leased in recent years, with the exception of capital improvements and renovations of various units at turnover. Capital improvements completed to-date and associated rent increases demonstrate the market rents that can be achieved with future value-add efforts, making this an ideal asset for an investor looking for a clear upside with a long-term hold opportunity that will generate cash flow. Rural setting provides a quiet and relaxed atmosphere, despite being close to highway and freeway access with Hwy 99 and I-5 nearby. This proximity to major transportation routes results in drive-times of only 8 minutes to Lane Community College, 12 minutes to University of Oregon or Downtown Springfield, and 15 minutes from Downtown Eugene. All tenants pay own electricity--property is on City of Creswell water with affordable rates. Low taxes on County property. Storage units on-site and ample parking on the property.
Property Details
Property Features
Property Information:
Year Built: 1969
Stories: 1
Living Area: 9,907 SqFt
Listing Office:
Office Name: Windermere RE Lane County
Office Phone: (541) 521-8499
Listing Agent: Matthew Hilton
Exterior Features
Parking Information:
Attached Garage: No
Parking: Open
Lot Features
Lot Information:
Lot: Level
Utilities
Utilities Information:
Heating: Other
School Info
Assigned Schools Information:
Creswell High School, Public District Grades 9-12
Creswell Middle School, Public District Grades 6-8
Creslane Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Hwy 99 / N Pacific Hwy - S of Eugene, N of Creswell, E side of Hwy, btw Harvey Ln & Martin Rd
Price Information
Listing Price Info
Price Summary:
List Price: $2,795,000
Price Per SqFt: $282/SqFt
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Housing Market Comparison
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Creslane Elementary School
996 A St
Distance between this listing and this school1.22 miles
Public District Grades KG-5
Middle School
3
/10
Creswell Middle School
655 W Oregon Ave
Distance between this listing and this school1.33 miles
Public District Grades 6-8
High School
7
/10
Creswell High School
33390 Nieblock Ln
Distance between this listing and this school0.91 miles
Public District Grades 9-12
Assigned Schools
4
/10
Creslane Elementary School
996 A St
Distance between this listing and this school1.22 miles
Public District Grades KG-5
Nearby Schools
4
/10
Pleasant Hill Elementary School
36386 Highway 58
Distance between this listing and this school5.38 miles
Public District Grades KG-6
10
/10
Charlemagne At Fox Hollow Elementary School
5055 Mahalo Dr
Distance between this listing and this school5.54 miles
Public District Grades KG-5
Assigned Schools
3
/10
Creswell Middle School
655 W Oregon Ave
Distance between this listing and this school1.33 miles
Public District Grades 6-8
Nearby Schools
9
/10
Ridgeline Montessori
4500 W Amazon Dr
Distance between this listing and this school5.82 miles
Public Charter Grades KG-8
8
/10
Spencer Butte Middle School
500 E 43rd Ave
Distance between this listing and this school6.11 miles
Public District Grades 6-8
Assigned Schools
7
/10
Creswell High School
33390 Nieblock Ln
Distance between this listing and this school0.91 miles
Public District Grades 9-12
Nearby Schools
2
/10
Willamette Leadership Academy
34020 B St
Distance between this listing and this school4.23 miles
Public Charter Grades 6-12
6
/10
Pleasant Hill High School
36386 Highway 58
Distance between this listing and this school5.38 miles
The neighbors living near this home have an average income of $62,541. Typical income of Creswell, OR residents is between $35k-100k annually. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 83650 N Pacific Hwy
What is the listing price of this property?
The listing price of 83650 N Pacific Hwy property is $2,795,000.
What type of property is this?
The property 83650 N Pacific Hwy is a house located in Creswell, Oregon, 97426.
Is this property for sale now?
Active Listing: 83650 N Pacific Hwy is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 83650 N Pacific Hwy are: Creslane Elementary School: GreatSchools Rating 4/10Creswell Middle School: GreatSchools Rating 3/10Creswell High School: GreatSchools Rating 7/10
What is the square footage of this property?
The property 83650 N Pacific Hwy is 9,907 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 83650 N Pacific Hwy is 1969.
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This home is located at 83650 N Pacific Hwy in Creswell, OR and zip code 97426. This 9,907 square foot home was built in 1969. It has been listed on Rocket Homes since July 31, 2023 and is currently priced at $2,795,000.
In March 2024, from all listings sold in Creswell, OR there were more than 4 sold above asking price, over 2 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in Creswell, OR between February 2024 and March 2024 decreased by 6.4%. While the average time on the market in March 2024 was 31 days, the median list price was $450,000.
From Rocket Homes Real Estate and based on county public records data.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
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