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Rickshaw Apartments

$1,300,000

851 West 5th Avenue, Eugene, OR 97402

Active
Last Updated: 07/29/2026

6.03

Cap Rate

78,424

NOI

Details:
Cap Rate:    6.03%
NOI:    $78,424
Building Size:    5,184 sqft
Lot Area:    0.22 acres
Units:    8
GRM:    10.28
Year Built:    1968
Price Per Sqft:    $250.77
Price Per Unit:    $455,000
Highlights:
  • Convenient Downtown Eugene Location less than 3 Miles from the University of Oregon.
  • Desirable Two-Bedroom Floorplans Exclusively.
  • Recent Renovations Include New Exterior Paint and Updated Bathrooms.
  • Assigned Off-Street Parking.
  • On-Site Laundry Offers Additional Income.
Description:

The Rickshaw Apartments is an eight-unit, two-story apartment complex located at 851 W 5th Ave, Eugene, Oregon 97402. The Rickshaw Apartments was originally constructed in 1968, totals 5,184 rentable square feet, and features two-bed/one-bath floorplans exclusively. Amenities include: private patios/balconies, luxury vinyl plank flooring throughout, assigned off-street parking space, on-site laundry. Recent renovations include new exterior paint, updated hickory cabinets, and updated bathrooms.

Located in the southern portion of the lush Willamette Valley, Eugene, Oregon provides residents with a high quality of life and convenient access to outdoor recreation. The Rickshaw Apartments are walking distance from Downtown Eugene’s craft breweries, coffee houses, wine bars, artisanal restaurants, and boutique retail shops.

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