Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    South Hills Duplex Investment Opportunity Title is generated by Realmo AI

    3585/3595 EMERALD St, Eugene, OR 97405

    View on Map
    Claim this Listing
    New
    For Sale
    $859,000

    MULTI_FAMILY - Eugene, OR

    Property size:
    3,376 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $254/SF
    Added:
    May 28, 2026
    Days on Market:
    4
    Last Refresh:
    May 31 at 5:06 am

    Property Features for 3585/3595 EMERALD St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
    Standard status
    Active
    APN
    0648947
    Size
    3,376 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    18-03-08-13-11101
    Tax Annual Amount
    5134

    Utilities

    Heating system
    Ceiling
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1968
    Floors in Building
    2
    Number of units
    2
    Roof type
    Metal

    We can help!

    Listing Contact
    Amy Dean
    Amy Dean

    Listing agent Amy Dean License #200504349

    Listing office Amy Dean Real Estate, Inc. 92912 Allens Alley, Cheshire, OR

    Listing date May 28, 2026

    MLS# 795687224 Listing URL

    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.

    HighLights

    • Duplex with strong income potential: Current rents total $4895/month.
    • Prime South Hills location: Close to bike paths, parks, shopping, Lane Community College, and University of Oregon.
    • Spacious units: Each side features 4 bedrooms and 2 full baths within 1,688 square feet.
    • City views: Balconies offer epic city views.
    • Private outdoor spaces: Each unit includes a private backyard with a paved patio.
    • Each unit has a one‑car garage with extra driveway parking.

    Overview

    Located in the South Hills neighborhood, this duplex offers an investment opportunity. Each side of the duplex features 4 bedrooms and 2 full baths within 1,688 square feet of space, totaling 3,376 square feet for the entire property. The property is situated on a 0.28-acre lot. Features include one-car garages, extra driveway parking, private backyards with paved patios, washer/dryer hookups, wood-burning fireplaces, and balconies with city views. The property is zoned R1 and is located minutes from bike paths, parks, shopping, Lane Community College, and the University of Oregon.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.072322
    Latitude
    44.018704

    Nearby Similar for Sale

    • $525,000
      1,820 SF

      Eugene Duplex: Updated Investment Opportunity

      Updated duplex near Ferry Street Bridge, ideal for investors/owner-occupiers.
      1008 COBURG Rd, Eugene, OR 97401
      View Details
    • $550,000

      Turnkey Cultivation Facility in Eugene

      8100 SF OLCC-licensed indoor cultivation facility for sale.
      620 Seneca Road, Eugene, OR 97402
      View Details
    • $540,000
      2,480 SF

      Updated Duplex in Eugene, Oregon

      Updated duplex with private yards near West University and Friendly.
      623 W 18TH Ave, Eugene, OR 97402
      View Details
    • $599,900
      2,682 SF

      Two Homes on One Lot

      Dual-home setup with rental income and development potential.
      1445 W 11TH Ave, Eugene, OR 97402
      View Details
    • $750,000
      3,792 SF

      Eugene Multifamily Investment Opportunity

      Four units near downtown Eugene with strong rental income.
      561 577 MADISON St, Eugene, OR 97402
      View Details
    • $1,500,000
      4,541 SF

      Two Homes on Park-Like Acre

      Two homes on one acre, ideal for multi-generational living.
      2011 RIVER LOOP 1, Eugene, OR 97404
      View Details
    • $775,000

      Modern Duplex in Eugene, Oregon

      Efficient, low-maintenance 2021 duplex with high-end finishes.
      2519 JUSTINE Ln, Eugene, OR 97404
      View Details
    • $715,500
      2,708 SF

      Corner-Lot Duplex in Lake Shore

      Duplex with flexible living options and community amenities.
      2063 LAKE WIND Dr, Eugene, OR 97408
      View Details
    • $2,195,000

      Three Prime Eugene Duplexes

      Three duplexes in Eugene, Oregon with cash flow potential.
      903 HOWARD Ave, Eugene, OR 97404
      View Details
    • $849,000

      Eugene Multifamily Investment Opportunity

      Six-unit apartment building in the Jefferson Westside Whiteaker Neighborhood.
      527 MONROE St, Eugene, OR 97402
      View Details
    • $609,000
      2,256 SF

      Duplex in Gated Community

      Well-maintained duplex with income potential and community amenities.
      1880 LAKE COVE Ave, Eugene, OR 97408
      View Details
    • $1,800,000
      10,004 SF

      Multi-Tenant Office Building For Sale

      Well-maintained office property in established commercial corridor.
      311-337 Goodpasture Island Road, Eugene, OR 97401
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in prime location near shopping, parks, and universities.
    Where is this duplex located?
    The property is located at 3585/3595 EMERALD St Eugene, OR.
    What is the asking price?
    The asking price for this property is $859,000.
    What are key features of this property?
    This property features: Duplex with strong income potential: Current rents total $4895/month.; Prime South Hills location: Close to bike paths, parks, shopping, Lane Community College, and University of Oregon.; Spacious units: Each side features 4 bedrooms and 2 full baths within 1,688 square feet.
    (541) 554-4442
    We can help!
    Listing Contact
    Amy Dean
    Amy Dean
    Real Estate License ID: 200504349
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3585/3595 EMERALD St, Eugene, OR 97405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!