Duplex with Attached
1880 LAKE COVE Ave Eugene, OR 97408
For Sale
$609,000
MULTI_FAMILY - Eugene, OR
Property Size2,256 SF
Lot Size0.12 Acres
Price / SF$269.95
Days on Market354
Property Features for 1880 LAKE COVE Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R_2 PD
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
- Standard status
- Active
- APN
- 1514031
- Size
- 2,256 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- 1703083301137
- Tax Annual Amount
- 7557
Utilities
- Heating system
- Heat Pump (Heating), Forced Air
- Cooling system
- Central Air, Heat Pump
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Tile
Listing Agency:
John L. Scott Portland Central
(503) 230-8600
Listed By:
Kristin Clark
(541) 912-2646
Added: Aug 5, 2025
Changed: Jul 22
Last Checked: Jul 24 at 3:06AM
MLS# 189946520
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units, each featuring two bedrooms, one bathroom, private patios, and an attached single-car garage with laundry. Both units are currently vacant and ready for immediate occupancy. Unit 1880 includes a tub/shower combination, while the other unit (3328 Lake Glenn) features a walk-in shower.
Set within the gated community of Lake Shore Estates, residents also have access to a common area for sitting and enjoying lake views, along with a scenic lakeside walking path.
The property is zoned R_2 PD and is offered for sale as a residential income duplex with straightforward, move-in-ready configuration.
Set within the gated community of Lake Shore Estates, residents also have access to a common area for sitting and enjoying lake views, along with a scenic lakeside walking path.
The property is zoned R_2 PD and is offered for sale as a residential income duplex with straightforward, move-in-ready configuration.
Key Highlights
- Duplex in the gated community of Lake Shore Estates with both units vacant and ready for immediate occupancy
- Year built 1998
- Each unit offers 2 bedrooms, 1 bathroom, and a private patio
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $12.96 |
| − Vacancy | −$333 | −$0.15 |
| EGI | $28.9k | $12.81 |
| − OpEx | −$8.7k | −$3.84 |
| NOI | $20.2k | $8.97 |
2,256 SF · lease $12.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.0K
$252.9K – $337.2K
NOI $20,233 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$252.2K
$220.7K – $294.2K
NOI $17,653 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$680.7K
$595.6K – $794.1K
NOI $47,647 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex in a gated lake community with two vacant units ready for immediate occupancy.
Where is this duplex located?
The property is located at 1880 LAKE COVE Ave Eugene, OR.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Duplex in the gated community of Lake Shore Estates with both units vacant and ready for immediate occupancy; Year built 1998; Each unit offers 2 bedrooms, 1 bathroom, and a private patio
