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Churchill Village Apartments West 18th Ave & Bailey Hill Road 127 Unit Apartment Building $33,557,894 CAD ($264,235 CAD/Unit) 6.02% Cap Rate Eugene, OR 97402
Executive Summary
127-Unit Garden-Style Apartment Project
• Mix of 2-Bedroom, 3-Bedroom & Studio Apartments
• 70 2-BD/1-BA Units, 48 3-BD/1-BA Units, and 9 Studios
• 13.5 Acres
• $24,500,000
Churchill Village Apartments is an 127-unit apartment project in Eugene, Oregon. The garden-style project is a mix of nine studio units, seventy 2-bed/1-bath units, and forty-eight 3-bed/1.5 bath units in forty-eight buildings. Additionally, the community features an ˜2,720 sf clubhouse/recreation room building, playground, and basketball court for residents’ use.
All units have recently been upgraded with a ductless heating and cooling units. Most units have in-unit laundry hook-ups, as well as access to a six machine laundry facility off the community room. Most units feature vinyl plank flooring, stainless steel fridges, and private patio or yard space - in addition to access to the lush open common space on the site. The property has 242 parking spaces; half covered and half uncovered spaces. Each unit has a designated covered space, as well as, access to the open field parking, equivalent to nearly two spaces per unit.
The property is located in southwest Eugene on the corner of Bailey Hill Road & West 18th Avenue, with frontage on both arterials, and directly across the street from Churchill High School, one of the five major public high schools servicing Eugene. The northerly border of the property is Village Avenue, a private road servicing the project, and part of the 13.5 acre site. The complex is is well serviced by major bus lines, minutes from access to the highway systems of Eugene and 11 minutes from Downtown and the University of Oregon campus by car.
• Mix of 2-Bedroom, 3-Bedroom & Studio Apartments
• 70 2-BD/1-BA Units, 48 3-BD/1-BA Units, and 9 Studios
• 13.5 Acres
• $24,500,000
Churchill Village Apartments is an 127-unit apartment project in Eugene, Oregon. The garden-style project is a mix of nine studio units, seventy 2-bed/1-bath units, and forty-eight 3-bed/1.5 bath units in forty-eight buildings. Additionally, the community features an ˜2,720 sf clubhouse/recreation room building, playground, and basketball court for residents’ use.
All units have recently been upgraded with a ductless heating and cooling units. Most units have in-unit laundry hook-ups, as well as access to a six machine laundry facility off the community room. Most units feature vinyl plank flooring, stainless steel fridges, and private patio or yard space - in addition to access to the lush open common space on the site. The property has 242 parking spaces; half covered and half uncovered spaces. Each unit has a designated covered space, as well as, access to the open field parking, equivalent to nearly two spaces per unit.
The property is located in southwest Eugene on the corner of Bailey Hill Road & West 18th Avenue, with frontage on both arterials, and directly across the street from Churchill High School, one of the five major public high schools servicing Eugene. The northerly border of the property is Village Avenue, a private road servicing the project, and part of the 13.5 acre site. The complex is is well serviced by major bus lines, minutes from access to the highway systems of Eugene and 11 minutes from Downtown and the University of Oregon campus by car.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $33,557,894 CAD | Building Class | C |
| Price Per Unit | $264,235 CAD | Lot Size | 13.50 AC |
| Sale Type | Investment | Building Size | 107,604 SF |
| Cap Rate | 6.02% | Average Occupancy | 90% |
| No. Units | 127 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 3.5/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-1 - Low Density residential | ||
| Price | $33,557,894 CAD |
| Price Per Unit | $264,235 CAD |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| No. Units | 127 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 13.50 AC |
| Building Size | 107,604 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 3.5/1,000 SF |
| Zoning | R-1 - Low Density residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Window Coverings
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Recycling
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 222 - 386 |
| 2+1 | 70 | - | 945 |
| 3+1.5 | 48 | - | 1,004 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1046869 | Total Assessment | $14,025,105 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1046869
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$14,025,105 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Churchill Village Apartments | West 18th Ave & Bailey Hill Road
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