Up-and-Down Duplex with Planned
New
For Sale
$530,000
2829 APPLEWOOD Ln, Eugene, OR 97408
MULTI_FAMILY - Eugene, OR
Property Size1,872 SF
Lot Size0.15 Acres
Price / SF$283.12
Days on Market2
Property Features for 2829 APPLEWOOD Ln
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4
Elementary school
Gilham
Middle school
Cal Young
High school
Sheldon
Directions
Green Acres, North on Applewood, first right into cul de sac, property on left
Subdivision
_241
Standard status
Active
APN
1285608
Size
1,872 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
See RLID
Tax Annual Amount
5371
Legal Description
See RLID
Utilities
Heating system
Ceiling
Building Details
Year built
1978
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Hybrid Real Estate
(541) 343-0322
Listed By:
Jodie Vanderbeck
(541) 543-7501
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 10:06AM
MLS# 723290927
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 up-and-down duplex on a 0.15-acre lot was built in 1978 and features composition roofing and ceiling heating. Both units have new flooring and interior paint, along with additional small repairs completed earlier this year. Tenants are already in place, and the property should be turn-key for an owner-occupant or investor looking for income-producing housing.
Planned property improvements include a new roof and a second-story deck, scheduled for installation in August/September. The property is located near shopping, bus routes, and access to main roads, with proximity to everyday routes for tenants and guests.
The duplex layout and recent interior updates make it well-suited for buyers seeking a maintained two-unit rental home with near-term exterior upgrades.
Planned property improvements include a new roof and a second-story deck, scheduled for installation in August/September. The property is located near shopping, bus routes, and access to main roads, with proximity to everyday routes for tenants and guests.
The duplex layout and recent interior updates make it well-suited for buyers seeking a maintained two-unit rental home with near-term exterior upgrades.
Key Highlights
- Up‑and‑down duplex on 0.15‑acre lot
- Built in 1978
- Both units: new flooring and interior paint plus small repairs earlier this year
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 | $24.3k | $12.96 |
| − Vacancy | −$277 | −$0.15 |
| EGI | $24.0k | $12.81 |
| − OpEx | −$7.2k | −$3.84 |
| NOI | $16.8k | $8.97 |
1,872 SF · lease $12.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$209.3K
$183.1K – $244.1K
NOI $14,648 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$564.8K
$494.2K – $659.0K
NOI $39,537 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 97408, OR
14,655
Population
6,585
Households
2.2
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
49.8 sq mi
ZIP Area
294
Density / Sq Mi
$102,063
Median Household Income
$47,280
Median Earnings
$1,731
Median Rent
$535,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-2 duplex on a 0.15-acre lot built in 1978, with new flooring and interior paint and a roof and deck planned.
Where is this duplex located?
The property is located at 2829 APPLEWOOD Ln Eugene, OR.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Up‑and‑down duplex on 0.15‑acre lot; Built in 1978; Both units: new flooring and interior paint plus small repairs earlier this year
