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655 Monroe St, Eugene, OR, 97402

4beds
2baths
2,424sqft
$475,000
$196price/sqft
$3,504/moest. monthly cost
$140,160/yrincome needed

About This Home

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.

Getting Around

95
WalkingWalker's Paradise
55
TransitGood Transit
100
BikeBiker's Paradise

Schools

6/10
Kelly Middle SchoolGrades 6-83.3 mi
3/10
North Eugene High SchoolGrades 9-123.2 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1890

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Electric Water Heater,Tank Water Heater

Basement

  • Has basement: Yes
  • Basement: Finished,Storage Space

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Mini Split
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,424
  • Total interior livable area: 2,424 sqft

Property

Details

  • Parcel number: 0265940
  • Zoning: C-2

Features

  • Stories: 2

Lot

  • Lot size: 3,920 sqft
  • Features: Level,SqFt 3000 to 4999

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes