321 Mill St #5, Eugene, OR 97401
FOR SALE

321 Mill St #5
Eugene, OR 97401

Downtown
  • 1 Bed
  • 2 Baths
  • 1,350 sqft

$565,000

Est. Mortgage $3,910/mo*

$565,000

Est. Mortgage $3,910/mo*
1 Bed
2 Baths
1,350 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Introducing the WaterShed Condos – A Landmark of Vision and Craftsmanship in Eugene. Born from a deep love of community and inspired by the charm of Europe’s backstreets and the vibrancy of Mexican plazas, the WaterShed was designed to bring that same spirit of place and connection to Eugene’s North of Fourth (NoFo) neighborhood.This one-of-a-kind mixed-use building was crafted with longevity, sustainability, and beauty in mind. Its structure is built with aerated autoclaved concrete—an advanced European material that insulates, soundproofs, and regulates temperature naturally. A stainless steel roof, triple-paned and operable windows ensure quiet comfort, energy efficiency, and fresh air year-round.15,000 gallon rainwater cisterns supply water for laundry, landscaping, and toilets for most of the year, and the landscape is thoughtfully planted with native, low-water flora. With natural finishes, no PVC or natural gas, and exposed utilities for easy maintenance, every detail has been considered.The WaterShed’s classic lines echo timeless architecture, creating a building that feels rooted in history but built for modern life. Located next to Coldfire Brewing’s taproom and restaurant, and part of the revitalized NoFo community, it’s a space meant to be explored—and remembered. Passersby often double back to say, “Wait a minute, what’s that?” Welcome to the WaterShed.~~~~~~~~~~~~~~~~~~~~Unit 5 features a mid-level entry, looking over the main floor living/dining/kitchen "great room" with triple pane wood windows, city views, high-end stainless appliances and ample counter space and storage. A spacious half bath completes this level. Upstairs you'll find the vaulted, light-filled bedroom with en-suite bath featuring separate tub and shower, laundry, and a spacious balcony with southerly views of the Willamette River, Eugene skyline, and Spencer Butte.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
$656/Monthly
Price/Sqft
$419
Listed
50 days ago
Last check for updates: about 3 hours ago
Listing courtesy of Bobby Stevens, (541) 225-8081
You're Home Real Estate Inc
Source: RMLS (OR), MLS#402681427

Home Details for 321 Mill St #5

Active Status

MLS Status: Active

Interior Features

Interior Details
Number of Rooms: 5Types of Rooms: Master Bedroom, Master Bathroom, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (partial): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1350 Square Feet
Appliances & Utilities
Appliances: Built In Oven, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Range Hood, Washer/Dryer, Electric Water HeaterDishwasherLaundry: Laundry Room
Heating & Cooling
Heating: Heat Exchanger,Other,Heat Recovery VentilatorNo CoolingHas HeatingHeating Fuel: Heat Exchanger
Windows, Doors, Floors & Walls
Window: Triple Pane Windows, Wood FramesFlooring: Concrete, Hardwood
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 4Entry Location: Upper FloorFloors: Concrete, Hardwood
View
Has a ViewView: City, Mountain(s), Trees/Woods
Security
Security: Entry, Fire Sprinkler System, Security Gate, Security System

Exterior Features

Exterior Home Features
Roof: MetalExterior: Rain Barrel/Cistern(s), Water Feature
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Off Street,Condo Garage (Undeeded)
Frontage
Road Surface Type: Paved
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 50

Property Information

Year Built
Year Built: 2006
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Condominium
Building
Construction Materials: Metal Siding, StuccoNot a New ConstructionNot Attached Property
Property Information
Condition: ResaleParcel Number: 1918221

Price & Status

Price
List Price: $565,000Price Per Sqft: $419

Location

Direction & Address
City: Eugene
School Information
Elementary School: EdisonJr High / Middle School: RooseveltHigh School: South Eugene

Agent Information

Listing Agent
Listing ID: 402681427

Building

Building Area
Building Area: 1350 Square Feet

Community

Not Senior CommunityUnits in Building: 5

HOA

Has an HOAHOA Fee: $656/Monthly

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Mls Number: 402681427Attribution Contact: 541-225-8081

Additional Information

HOA Amenities: All Landscaping, Commons, Exterior Maintenance, Gated, Heat, Sewer, Trash, Water

Price History for 321 Mill St #5

DatePriceEventSource
03/17/2026$565,000Listed For SaleRMLS (OR) #402681427

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Property Tax and Assessment

Year2025
Tax$3,225
Assessment$326,397
Home facts updated by county records

Comparable Sales for 321 Mill St #5

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.56
Condo
$320,000
09/30/25
1
2
833
0.57
Condo
$329,500
05/23/25
1
2
833
0.76
Condo
$362,000
09/08/25
2
2
989
0.75
Condo
$385,000
03/02/26
3
2
1,443
0.91
Condo
$529,000
07/31/25
1
1
910
0.91
Condo
$490,000
04/14/26
1
1
827
1.00
Condo
$930,000
12/04/25
2
2
1,627
1.01
Condo
$595,000
11/24/25
1
1
1,055
1.00
Condo
$592,250
10/20/25
1
1
1,017
1.07
Condo
$475,000
05/09/25
2
2
1,168

Assigned Schools

These are the assigned schools for 321 Mill St #5.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Downtown

At least 11 Trulia users voted on each feature.
  • 100 % Say it's dog friendly

  • 94 % Say there are sidewalks

  • 85 % Say car is needed

  • 79 % Say yards are well-kept

  • 76 % Say people would walk alone at night

  • 67 % Say it's walkable to restaurants

  • 67 % Say it's walkable to grocery stores

  • 65 % Say streets are well-lit

  • 63 % Say it's quiet

  • 62 % Say there's holiday spirit

  • 55 % Say they plan to stay for at least 5 years

  • 54 % Say parking is easy

  • 52 % Say neighbors are friendly

  • 42 % Say there are community events

  • 38 % Say kids play outside

  • 33 % Say there's wildlife

Learn more about our methodology.
  • Linda C.
    "It has unfettered access to everything in downtown and it is a very walkable city. The neighbors are fantastic as well!"
  • Linda C.
    "Located very close to Alton Baker playgrounds and dog parks. Close to the river path as wells market district shopping and entertainment. "
  • Richard L.
    "Loud train horns 24/7 30 times daily Close to 5th ST Market, train station, Bolt Bus stop and a few nice restaurants "
  • Richard L.
    "Close to transportation restaurants and shops but the horn blasts 24 hrs a day make life often unbearable "
  • Kaylee S.
    "There are plants on each side of my house which is good for being right downtown. It is so nice, serves as a natural blockade from the street traffic. "
  • Laurengraham07
    "The large homeless population and alleyways that they make their home really set this neighborhood apart. Beware of drug needles while walking barefoot through the park. "
  • danielbuckwalter
    " Safety is the biggest issue here. It's not a good residential area. Too much construction for big-ticket items right now (NW Community Credit Union and soon a new high-rise student housing monster). Also, the chronic homeless have made camps in and around there. Needles and 211 beer cans everywhere. Not good for children, and ALWAYS keep doors locked. "

LGBTQ Local Legal Protections

Bobby Stevens, You're Home Real Estate Inc
Agent Phone: (541) 225-8081
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-05-06 12:34:12 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
321 Mill St #5, Eugene, OR 97401 is a 1 bedroom, 2 bathroom, 1,350 sqft condo built in 2006. 321 Mill St #5 is located in Downtown, Eugene. This property is currently available for sale and was listed by RMLS (OR) on Mar 17, 2026. The MLS # for this home is MLS# 402681427.