# 55 FEDERAL Ln, Eugene, OR 97404 > **TL;DR:** 6bd/4ba single family, $585,000 ($181/sqft), built 1928, 3,238 sqft. > 2-car garage. Est. $3,129/mo. Listed 11 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $585,000 | | Price/sqft | $181 | | Bedrooms | 6 | | Bathrooms | 4 full | | Square Feet | 3,238 | | Year Built | 1928 | | Lot Size | 21,780 sqft (0.50 acres) | | Stories | 2 | | Garage | 2-car | | Property Type | Single Family (Single Family Residence) | | Status | Active | | Days on Market | 11 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,958 | | Estimated Insurance | $171 | | **Total** | **$3,129** | ## Nearby Schools - **Elementary:** Spring Creek - **Middle:** Madison - **High:** North Eugene ## Key Amenities - 2-car garage ## Property Highlights - Built in 1928 - 0.50 acre lot - 2 stories ## Description ### Agent Description Eugene Investment Property 55 & 75 Federal Eugene, OR | 3 Rental Units | $4,545 Monthly Rental Income | Multi-Family Development Potential!Exceptional opportunity to own an income-producing investment property in Eugene, Oregon, featuring 2 separate homes, 3 rental units, and a vacant lot with future development potential! Currently generating $4,545 per month in rental income ($54,540 annually), this versatile property offers immediate cash flow, multiple income streams, and exciting opportunities for expansion.Home #1 - 1,718 Sq. Ft. | 2 Rental Units | 2-Car GarageThis property features two separate rental units. The upper-level unit offers 2 bedrooms and 1 bathroom, while the lower-level unit includes 1 bedroom, 1.5 bathrooms, and 4 additional unfinished rooms. Lower-level rental photos coming soon!Home #2 - 1,520 Sq. Ft. | 4 Bedrooms | 2 BathroomsThe second home features a spacious floor plan, updated kitchen, private fenced yard, and ample parking, making it an attractive rental property. All renters are long term and would like to stay. Additional Rental Income & Development Opportunities!The vacant lot provides potential for additional construction, including a duplex while maintaining the existing homes. Investors and developers may also explore subdividing the property through the City of Eugene, with preliminary subdivision costs estimated at approximately $30,000. Depending on zoning, feasibility, and city approvals, additional duplex or fourplex development may be possible.2 Homes | 3 Rental Units | $54,540 Annual Rental Income | Vacant Lot | Future Development PotentialProperty information provided by the seller. Buyer to independently verify rental income, zoning, permitted uses, rental unit status, subdivision costs, development feasibility, and building requirements with the City of Eugene and appropriate authorities. All future development is subject to applicable approvals. ## Location - **Address:** 55 FEDERAL Ln, Eugene, OR 97404 - **County:** Lane - **Coordinates:** 44.104936, -123.132533 - **Google Maps:** https://www.google.com/maps?q=44.104936,-123.132533 ## Listing Agent - **Name:** Emily Williamson - **Brokerage:** Hybrid Real Estate - **Broker Phone:** (541) 343-0322 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/55-Federal-Ln_Eugene_OR_97404_M10053-90819?f=listhub&s=RMLSOR&m=640747560&c=propsimple) ## Photos ![55 FEDERAL Ln - Photo 1](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f696798966r.jpg) ![55 FEDERAL Ln - Photo 2](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3694322840r.jpg) ![55 FEDERAL Ln - Photo 3](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2097686765r.jpg) ![55 FEDERAL Ln - Photo 4](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2982122576r.jpg) ![55 FEDERAL Ln - Photo 5](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3549011246r.jpg) ![55 FEDERAL Ln - Photo 6](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2419860826r.jpg) ![55 FEDERAL Ln - Photo 7](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1214238972r.jpg) ![55 FEDERAL Ln - Photo 8](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2825973575r.jpg) ![55 FEDERAL Ln - Photo 9](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f4232165721r.jpg) ![55 FEDERAL Ln - Photo 10](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f912300123r.jpg) ![55 FEDERAL Ln - Photo 11](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1897608706r.jpg) ![55 FEDERAL Ln - Photo 12](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3715488077r.jpg) ![55 FEDERAL Ln - Photo 13](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f4258174024r.jpg) ![55 FEDERAL Ln - Photo 14](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f4247237212r.jpg) ![55 FEDERAL Ln - Photo 15](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f52792825r.jpg) ![55 FEDERAL Ln - Photo 16](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2762255247r.jpg) ![55 FEDERAL Ln - Photo 17](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f4143767176r.jpg) ![55 FEDERAL Ln - Photo 18](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f4017612414r.jpg) ![55 FEDERAL Ln - Photo 19](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1022499164r.jpg) ![55 FEDERAL Ln - Photo 20](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f561402454r.jpg) ![55 FEDERAL Ln - Photo 21](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1795755181r.jpg) ![55 FEDERAL Ln - Photo 22](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3877132437r.jpg) ![55 FEDERAL Ln - Photo 23](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2951994802r.jpg) ![55 FEDERAL Ln - Photo 24](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2668217687r.jpg) ![55 FEDERAL Ln - Photo 25](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f546205836r.jpg) ![55 FEDERAL Ln - Photo 26](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3652484030r.jpg) ![55 FEDERAL Ln - Photo 27](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3955445708r.jpg) ![55 FEDERAL Ln - Photo 28](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2097968530r.jpg) ![55 FEDERAL Ln - Photo 29](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f49377110r.jpg) ![55 FEDERAL Ln - Photo 30](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2726450089r.jpg) ![55 FEDERAL Ln - Photo 31](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3659893362r.jpg) ![55 FEDERAL Ln - Photo 32](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3347542626r.jpg) ![55 FEDERAL Ln - Photo 33](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f457510936r.jpg) ![55 FEDERAL Ln - Photo 34](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1200065468r.jpg) ![55 FEDERAL Ln - Photo 35](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f280759853r.jpg) ![55 FEDERAL Ln - Photo 36](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3206345697r.jpg) ![55 FEDERAL Ln - Photo 37](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1882052007r.jpg) ![55 FEDERAL Ln - Photo 38](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1019854474r.jpg) ![55 FEDERAL Ln - Photo 39](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f454004061r.jpg) ![55 FEDERAL Ln - Photo 40](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f725824592r.jpg) ![55 FEDERAL Ln - Photo 41](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f3611330918r.jpg) ![55 FEDERAL Ln - Photo 42](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1556366036r.jpg) ![55 FEDERAL Ln - Photo 43](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f746857759r.jpg) ![55 FEDERAL Ln - Photo 44](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2199585041r.jpg) ![55 FEDERAL Ln - Photo 45](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f488590275r.jpg) ![55 FEDERAL Ln - Photo 46](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1770252749r.jpg) ![55 FEDERAL Ln - Photo 47](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f2440240788r.jpg) ![55 FEDERAL Ln - Photo 48](http://lh.rdcpix.com/3f54e89ecdbdf1dbd38c8afa74d4d182l-f1892798353r.jpg) --- **MLS#:** 640747560 | **Updated:** 2026-10-24 **Source:** listhub *Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/55-federal-ln-eugene-or-97404-b16dc593101947a8aa319aff4a5bfaf7) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/55-federal-ln-eugene-or-97404-b16dc593101947a8aa319aff4a5bfaf7#listing", "url": "https://www.propertysimple.ai/listing/55-federal-ln-eugene-or-97404-b16dc593101947a8aa319aff4a5bfaf7", "name": "55 FEDERAL Ln, Eugene, OR 97404", "description": "Eugene Investment Property 55 & 75 Federal Eugene, OR | 3 Rental Units | $4,545 Monthly Rental Income | Multi-Family Development Potential!Exceptional opportunity to own an income-producing investment property in Eugene, Oregon, featuring 2 separate homes, 3 rental units, and a vacant lot with future development potential! Currently generating $4,545 per month in rental income ($54,540 annually), this versatile property offers immediate cash flow, multiple income streams, and exciting opportunities for expansion.Home #1 - 1,718 Sq. Ft. | 2 Rental Units | 2-Car GarageThis property features two separate rental units. The upper-level unit offers 2 bedrooms and 1 bathroom, while the lower-level unit includes 1 bedroom, 1.5 bathrooms, and 4 additional unfinished rooms. Lower-level rental photos coming soon!Home #2 - 1,520 Sq. Ft. | 4 Bedrooms | 2 BathroomsThe second home features a spacious floor plan, updated kitchen, private fenced yard, and ample parking, making it an attractive rental property. All renters are long term and would like to stay. Additional Rental Income & Development Opportunities!The vacant lot provides potential for additional construction, including a duplex while maintaining the existing homes. Investors and developers may also explore subdividing the property through the City of Eugene, with preliminary subdivision costs estimated at approximately $30,000. Depending on zoning, feasibility, and city approvals, additional duplex or fourplex development may be possible.2 Homes | 3 Rental Units | $54,540 Annual Rental Income | Vacant Lot | Future Development PotentialProperty information provided by the seller. Buyer to independently verify rental income, zoning, permitted uses, rental unit status, subdivision costs, development feasibility, and building requirements with the City of Eugene and appropriate authorities. 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