Multi-Family Project Land for Sale
Situated alongside the Willamette River in one of Eugene’s most desirable corridors, The Alton Baker offers a premier location for apartment development with a rare combination of natural beauty, urban connectivity, and institutional demand.
CC – Community Commercial Zoning | 1.55 Acres (0.91 AC Useable)
• Build-ready plans for a six-story building with parking on the ground floor and units on floors 2-6
• Podium construction, fire retardant, treated wood framing
• Estimated pro forma, stabilized NOI of $2,240,992 (“Estimated NOI. Buyer to do their own due diligence in regard to all financials”)
• The sale of the property includes all plans, engineering entitlements and rights
• Permits have been issued by the City of Eugene and construction could start immediately
• Central Eugene location at the entrance to Alton BakerPark and close proximity to University of Oregon, Autzen Stadium, Downtown Eugene and Oakway Center
• Metro-Wide (excluding student housing) Apartment Vacancy rate of 3.56% (source: MFNW Spring 2025 Report)
• Rents expected to increase in the coming years
• Total of 103,846 sf (permit record) | 58,765 sf of unit space
• Thirty (30) 2-BD/2-BA units, Thirty (30) 1-BD/1-BA units, Forty (40) studios
17-03-29-34-00200 | $4,250,000