Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Three Prime Eugene Duplexes Title is generated by Realmo AI

    903 HOWARD Ave, Eugene, OR 97404

    View on Map
    Claim this Listing
    New
    For Sale
    $2,195,000

    MULTI_FAMILY - Eugene, OR

    Added:
    May 22, 2026
    Days on Market:
    2
    Last Refresh:
    May 23 at 11:06 am

    Property Features for 903 HOWARD Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    GO
    Bedrooms
    18
    Bathrooms
    12
    Rooms
    Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 13, Bathroom 3, Bedroom 14, Bathroom 7, Bedroom 8, Bathroom 10, Bathroom 8, Bathroom 6, Bedroom 3, Bathroom 9, Bedroom 6, Bathroom 12, Bedroom 5, Bathroom 4, Bedroom 18, Bathroom 5, Bathroom 11, Bedroom 11, Bedroom 9, Bedroom 4, Bedroom 17, Bedroom 12, Bedroom 15, Bedroom 16, Bathroom 2, Bedroom 10
    Standard status
    Active
    APN
    1884590

    Taxes and HOA fees

    Tax Description
    17-04-14-32-09300
    Tax Annual Amount
    5727

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    2018
    Floors in Building
    2
    Number of units
    6
    Roof type
    Composition

    We can help!

    Listing Contact
    Thomas Richards

    Listing agent Thomas Richards

    Listing office Thomas Richards Real Estate 2740 Taylor, Eugene, OR

    Listing date May 22, 2026

    MLS# 752477781 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

    • Three duplexes available, a substantial investment opportunity.
    • Built in 2018, indicating low deferred maintenance.
    • Boost cash flow by increasing rents to market rates.
    • Possibility of purchasing two duplexes simultaneously for a 1031 exchange.
    • Located in a newer subdivision.
    • Existing desirable tenants wish to remain.

    Overview

    Three duplexes are available, offering potential to increase cash flow. All units are currently rented under market value, with tenants on month-to-month agreements. Built in 2018, the properties require minimal deferred maintenance. The properties are located in a newer subdivision. The tenants are described as excellent and interested in remaining. The properties may be suitable for portfolio expansion or a 1031 exchange. The seller is a licensed broker in the state of Oregon. Viewings are available with an accepted offer and pre-qualification letter.
    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 Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.144365
    Latitude
    44.088275

    Nearby Similar for Sale

    • $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
    • $519,000
      2,208 SF

      Eugene Duplex Near UofO Campus

      Rare duplex near UofO, ideal for investors or owner-occupants.
      1826 MILL St, Eugene, OR 97401
      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
    • $449,000
      1,664 SF

      Eugene Duplex in Prime Location

      Duplex in Eugene's Jefferson Westside neighborhood, strong investment opportunity.
      1147 W 11TH Aly, Eugene, OR 97402
      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
    • $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
    • $5,500,000
      8,533 SF

      Retail Opportunity Near OR-569

      Retail property for sale near high school and transit station.
      175-195 Silver Ln | Eugene, OR 97404, OR 97404
      View Details
    • $1,640,000
      12,824 SF

      Industrial Shop on Fenced Acres

      Industrial shop with heavy power on 2.54 fenced acres.
      29984 Cecil Ave, Eugene, OR 97402
      View Details

    FAQs

    What type of property is this?
    Duplex - Three duplexes in Eugene, Oregon, with cash flow potential.
    Where is this duplex located?
    The property is located at 903 HOWARD Ave Eugene, OR.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: Three duplexes available, a substantial investment opportunity.; Built in 2018, indicating low deferred maintenance.; Boost cash flow by increasing rents to market rates.
    (541) 521-5201
    We can help!
    Listing Contact
    Thomas Richards
    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
    903 HOWARD Ave, Eugene, OR 97404
    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!