655 MONROE ST
Eugene, OR, 97402 $ 475,000
Bedrooms4 Baths2.0 Sq 2,424 Monthly Estimate*
$ 2,925
for $475,000 with 4 bedrooms and 2 full baths. This 2,424 square foot home was built in 1890 on a lot size of 0.09.
WHITEAKER CHARM WITH STRONG CASH FLOW AND DESIGNER LEVEL UPGRADES. This beautifully restored 1890 Queen Anne offers the rare combination of historic character, modern finishes, and proven income performance. The downstairs 3 bedroom, 1 bath unit has been completely remodeled and operates as a successful short term rental averaging approximately $2,900 per month. Thoughtfully redesigned from top to bottom, it features all new flooring, fresh interior paint, upgraded trim, curated designer lighting, and elevated hardware throughout. The kitchen showcases new cabinetry, solid surface countertops, a stylish tile backsplash, and a full suite of new stainless steel appliances. The bathroom has been tastefully renovated with updated vanity, fixtures, mirrors, and contemporary finishes that create a polished, move in ready experience. Furnishings are negotiable, offering flexibility for a seamless transition to the next owner. Upstairs, the 1 bedroom, 1 bath unit is occupied by a long term tenant paying $700 per month, providing consistent baseline income and added stability. Located just moments from Sweet Life, the Beer Garden, parks, and downtown Eugene, this property delivers both lifestyle appeal and investment strength. Financials available upon request. Showings available with accepted offer due to occupied long term tenant.
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FeaturesGeneralSewer PublicSewer
Heating MiniSplit WallHeater
Cooling MiniSplit WindowUnit
Roof Composition
Zoning C-2
Security Features Entry Sidewalk
Year Built 1890
Stories Count 2
Tax Year 2025
Parcel Number 0265940
Gross Income 48521.0
Community Features FrontYardLandscaping
County Lane
Net Operating Income 29046.0
Operating Expense 19475.0
Property Type MultiFamily
HOA N
Subdivision Name Whitaker
Rent Includes None
Status Active
Directions Yellow home between 6th & 7th Ave on Monroe St.
High School North Eugene
City Eugene
Disclosures Exempt
Number Of Units Total 2
MLS Area _243
Lot Size Square Feet 3920.0
Listing Terms Cash Conventional FHA VALoan
Elementary School River Road
Tax Annual Amount 3469.54
Middle/Junior High School Kelly
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description TL 06500
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InteriorBasement Finished StorageSpace
Storage Basement Garage
Hot Water Electricity Tank
Unit 1 Baths Total 1
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features OnStreet
Lot Features Level
Water Source PublicWater
Total Parking 0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 2424.0
Lot Size Acres 0.09
Road Surface Type Paved
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* Excluded FeaturesList Bydan@theoperativegroup.comContact
Affordability Calculator
- Monthly Principal & Interest
- $2,925
- Monthly Property Taxes
- $289
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Eugene, OR
Average List Price $746,430
Percent of Sale Price 57%
About Eugene, OR 168,337 Population
19% Since 2002
$ 47,932 Median Income
35.86 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950490 Elementary School
2865076 Middle School
North Eugene High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/20/2026 | $475,000 | | Listed Price |
655 MONROE ST, Eugene, OR, 97402 is a Multi-Family Home for sale at $475,000 with 2,424 sqft and a lot size of 0.09. 655 MONROE ST has 4 bedrooms, 2.0 baths, and was built in 1890. The property's zip code is 97402 which is in Eugene, OR