All property photos
47 photos$565,000
Active (ACT)321 MILL ST 5, Eugene, OR 97401
- Bedrooms
- 1
- Bathrooms
- 2
- Square feet
- 1,350
- Acres
- —
About this property
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.
MLS details
Property information
Overview
- MLS #
- 402681427
- RMLS status
- Active (ACT)
- Standard status
- Active
- Property type
- Residential
- Property subtype
- Condominium
- Year built
- 2006
- Stories
- 2
- County
- Lane
- New construction
- No
- Attached property
- No
- Accessory dwelling unit
- No
- Senior community
- No
Listing and taxes
- Listing modified
- Apr 28, 2026, 3:37 PM PDT
- On market
- March 17, 2026
- Days on market
- 213
- Original list price
- $565,000
- Annual property tax
- $3,225
- Tax year
- 2025
- Association
- $656 monthly
Interior
- Architectural style
- Modern
- Heating
- Heat Exchanger, Hydronic Floor, Other
- Fireplaces
- 0
- Appliances
- Built-in Oven, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Range Hood, Solid Surface Countertop
- Interior features
- Concrete Floor, Dual Flush Toilet, Grey Water Recycling, Hardwood Floors, Heat Recovery Ventilator, High Ceilings, Laundry, Washer/Dryer
Exterior, parking and land
- Garage spaces
- 0
- Attached garage
- No
- Total parking
- 0
- Parking
- Off Street
- Exterior
- Metal Siding, Stucco
- Exterior features
- Rain Barrel/Cistern(s), Water Feature
- Roof
- Metal
- Road surface
- Paved
- Windows
- Triple Pane Windows, Wood Frames
- Security
- Entry, Fire Sprinkler System, Security Gate, Security System
Utilities and setting
- Sewer
- Public Sewer
- Water source
- Cistern, Public Water
- View
- City, Mountain(s), Trees/Woods
Schools
- Elementary
- Edison
- Middle school
- Roosevelt
- High school
- South Eugene

