1828 HILYARD St, Eugene, OR 97401

• 4 beds |
• 2 baths |
• 2,654 sqft

Property Description

Prime Development or Fixer Opportunity Blocks from UO!Attention investors, flippers, and developers: unleash the massive potential of this 1945 classic, situated in the highly coveted South University Neighborhood. Located just blocks from the University of Oregon in one of Eugene’s strongest student housing corridors, this property offers incredible land value and unparalleled versatility. The home itself features 4 bedrooms, 2 bathrooms, and 2,654 square feet of space, including a full, partially finished basement and a detached 1-car garage. While it has significant deferred maintenance and is being sold strictly as-is, its history as a student rental—previously bringing in an under-market $2,800 per month—proves its consistent, high-demand draw.The real magic lies in the rare R-3 limited high-density zoning on this generous 0.21-acre developable lot. Preliminary talks with the City of Eugene indicate incredible upside, allowing for a minimum of 5 units and up to 19 units for a complete redevelopment. Alternatively, you can choose to renovate the existing structure to flip, keep it as a charming single-family home, or update the space to maximize cash flow by renting by the door. Everything your future tenants or buyers need is within walking distance, including campus, vibrant dining, shopping, local services, schools, and public transportation. Whether you want to build up, renovate, or add a powerhouse asset to your portfolio, opportunities with this much zoning flexibility rarely hit the market. Bring your tool belt, your architect, and your vision—this property is priced for immediate potential! (Buyer to do due diligence regarding redevelopment potential and city requirements.)

Listing Status:

Active

Date Added:

July 17, 2026

Data Last Updated:

July 27, 2026 at 6:41AM

Listing Office:

Coldwell Banker Professional Group : 541-868-8444

Listing Agent:

Jamie Black : 541-954-1514

MLS ID:

745020638

Interior

• Appliances: DishwasherFree standing range
• Basement: Full basementPartially finished
• A/C: None
• Heating: Forced air
• Fireplace: Wood burningFireplaceFireplaces: 1

Exterior

• General: Lap sidingWood sidingDeck
• Style: Stories 2Cottage
• Parking: DrivewayOn streetParking spaces: 1

Construction

• Roofing: Composition
• Windows: DoublePaneWindowsVinylFrames
• General: Block

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Lane

Lot

• Zoning: R-318-03-05-22-035000600278

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.