$415,000
3 Bed · 2 Bath · 1,638 Sq Ft
3-BR ranch on 10,018 SF lot with converted garage and ductless heat pump
3
Beds
2
Baths
1,638
Sq Ft
1957
Built
0.23 acres
Lot
Converted garage (exterior door) — no functional attached garage
Garage
This one-story 1957 ranch at 1943 Monterey Ln delivers rare central-Eugene value: a generous 10,018 SF level lot, flexible living spaces, and immediate upside for an owner-occupant or investor. The 1,638 SF floorplan includes three main bedrooms plus a garage conversion that functions as additional living space with its own exterior entrance — ideal as a fourth bedroom, private studio, or the foundation for a permitted ADU (buyer to verify).
Inside you'll find a practical layout with hardwood and vinyl plank floors, freshly painted interiors, and two fireplaces that add warmth and character. The kitchen supports a homeowner upgrade with ready access to the dining and outdoor spaces. The home is served by a three-head ductless heat pump system for efficient heating and cooling; there are also two fireplaces for supplemental heat. The bath setup in the listing reflects a full bath plus two half-baths — confirm specifics during review.
Step outside to a covered patio that overlooks raised garden beds — an excellent spot for barbecues, gardening, and year-round enjoyment. The oversized lot is the standout feature: room for ADU expansion, a workshop, a large garden, or landscaping projects that increase privacy and value. Located in the Ferry Street Bridge / central Eugene corridor, the property is minutes to downtown, the Willamette River, parks, and local eateries.
This home is being sold AS-IS, offering a straightforward purchase for buyers who want to add value through modest renovations or take on an ADU permitting project. With a coveted lot and conversion already in place, this property is positioned for immediate utility and future upside.
This property sits in a central-west Eugene pocket near the Ferry Street Bridge and Willamette River corridor. The neighborhood mixes mid-century ranches, small bungalows, and occasional newer infill. Residents enjoy proximity to downtown's restaurants, coffee shops and cultural venues, with convenient bike and transit connections. The area attracts buyers who want city access without the density of core downtown.
Central Eugene remains a steady market with continued buyer interest for well-located single-family homes. Inventory in 2026 is moderate to low in desirable pockets near downtown; median sold prices in central corridors sit above citywide medians, though older homes that need cosmetic work trade at a discount to fully renovated properties. Homes with additional income potential (ADUs, rentable conversions) command stronger buyer attention. For buyers, this is a balanced opportunity: acquisition at $415,000 anchors a reasonable price-per-square-foot (~$253), and the oversized lot creates optionality that typical city lots do not. Sellers receive interest fast if pricing and condition align; buyers who plan improvements and permitting should budget time and permit costs. Overall confidence in this market read: moderate (0.65–0.75) — verify comps with a local broker for a contract strategy.
Madison Elementary (Eugene School District 4J)
Elementary · Verify with district (within ~1–2 miles)
Kelly Middle School (Eugene School District 4J)
Middle · Verify with district (within ~1–2 miles)
South Eugene / Willamette (district assignments vary)
High · 1.5–3 miles (approximate)
Easy access to Willamette River trails, neighborhood parks, and bike routes; solid outdoor recreation options within a short drive or bike ride.
Acquire a centrally located single-story home with immediate rental or multigenerational options via an existing garage conversion and long-term upside from formal ADU conversion or lot redevelopment. The 10,018 SF lot provides leverage for added living area or income-producing units in a market with steady demand.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$390K
Midpoint
$413K
High
$435K
$252.8/SF estimated price per square foot
Estimate anchored to list price ($415,000) and documented price/sqft (approx $253). Range reflects local market for older single-story homes near central Eugene, lot size premium, and ADU/garage-conversion upside. No live comparable sales fetched — verify with broker or appraiser.
As of 2026-03-12
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Eugene's central neighborhoods experience steady demand from local buyers, renters tied to University of Oregon and city employers; moderate appreciation in recent years.
Within a short drive to downtown Eugene amenities, restaurants, breweries, the Willamette River corridor and parks. Grocery and shopping available within 1–2 miles; transit routes serve central Eugene.
Market data is based on aggregated public records and may not reflect real-time conditions.
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