488 WALNUT LN Eugene, OR $ 550,000
488 WALNUT LN
$ 550,000
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488 WALNUT LN

Eugene, OR, 97401
$ 550,000
Bedrooms5 Baths3.0 Sq 2,184

Monthly Estimate*

$ 3,473

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Multi-Family Home for sale in Eugene, OR

for $550,000 with 5 bedrooms and 3 full baths. This 2,184 square foot home was built in 1915 on a lot size of 0.16.

Ultra rare duplex in one of Eugene's very best Sheldon area neighborhoods. Surrounded by single family, pride of ownership, quality homes. Main level, 3 bedroom unit with 1 1/2 baths. Wood burning fireplace, air conditioning, covered deck AND full basement ADDITIONAL 540 sq. ft. of finished and unfinished space not included in total. Upper unit features 2 bedrooms, 1 bath, air conditioning and large private deck. Over $30,000 in recent upgrades. Beautifully landscaped. A wonderful opportunity to live in an expensive area with income supplement or an outstanding investment. Seller is a licensed Principal Broker in Oregon on active status. Information subject to change, Buyer to verify all information to their satisfaction.

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Multi-Family Active

Price

$ 550,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,835

Style

Lot Size

0.16

Year Built

1915

Town/City

Eugene

County/Region

Lane

MLS | Web ID

227518442

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir MiniSplit
Roof Composition
Zoning R-1
Year Built 1915
Stories Count 2
Tax Year 2025
Parcel Number 1771466
Gross Income 36542.0
County Lane
Net Operating Income 25902.0
Operating Expense 10640.0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds
Status Active
Directions Coburg Rd to Harlow Rd to Walnut Ln
High School Sheldon
City Eugene
Disclosures Disclosure
Number Of Units Total 2
MLS Area _242
Lot Size Square Feet 6969.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Bertha Holt
Tax Annual Amount 4835.41
Middle/Junior High School Monroe
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description Commonly known as 488/490 Walnut Ln. Legal desc. to be attached upon receipt of preliminary title.
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Interior
Basement FullBasement PartiallyFinished
Storage Basement
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features OffStreet OnStreet
Lot Features Level
Water Source PublicWater
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 2184.0
Lot Size Acres 0.16
Road Surface Type Paved
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Internal Only
Street Number 1 488
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* Excluded Features
List By
Re/Max Integrity

Broker

541-345-8100

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Affordability Calculator

$3,876
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,473
Monthly Property Taxes
$403
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
1949371 Elementary School
1949575 Middle School
Sheldon High School High School
Pricing History
DatePricePrice ChangeDescription
7/24/2026$550,000 Listed Price

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488 WALNUT LN, Eugene, OR, 97401 is a Multi-Family Home for sale at $550,000 with 2,184 sqft and a lot size of 0.16. 488 WALNUT LN has 5 bedrooms, 3.0 baths, and was built in 1915. The property's zip code is 97401 which is in Eugene, OR