Updated Duplex with
For Sale
$499,000
Pending
1008 COBURG RD, Eugene, OR 97401
Two-unit property with refreshed interiors, upgraded mechanical features, and convenient access to schools and shopping.
Property Size1,820 SF
Days on Market98
Property Features for 1008 COBURG RD
General Information
Standard status
Pending
Size
1,820 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
fireplaces
storage units
Building Details
Building Size
1,820 SF
Year Built
1952
Buildings
1
Stories
1
Listing Agency:
ICON Real Estate Group
(541) 915-2080
Listed By:
Sandra Boyst · License #201208715
Source:
Eugenerealtors.kw
Added: May 28
Changed: Aug 31
Last Checked: Aug 31 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ICON Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1952, this duplex includes two residences with recent improvements throughout. Both units have new electrical panels, wall heaters, laminate flooring, baseboards, interior and exterior paint, light fixtures, and updated bathroom finishes. Kitchens feature tile counters and backsplashes, while vinyl windows include coverings. Fireplaces and select original details remain part of the property’s character. Each side also benefits from rear storage units and a front turnaround.
The property is located in Ferry Street Bridge within walking distance of schools and shopping. The combination of separate living spaces, refreshed finishes, dedicated storage, and shared front vehicle maneuvering area provides a practical duplex configuration.
The property is located in Ferry Street Bridge within walking distance of schools and shopping. The combination of separate living spaces, refreshed finishes, dedicated storage, and shared front vehicle maneuvering area provides a practical duplex configuration.
Key Highlights
- Duplex built in 1952 with updates to both units
- New electrical panels and wall heaters on both sides
- Laminate flooring, baseboards, paint, and light fixtures updated throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,323
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,460
$326.5K
Cap Rate 7%
$233,186
$233.2K
Cap Rate 9%
$181,367
$181.4K
Market Conditions
NOI Build-Up for 1,820 SF
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.
Gross rent
$23.6K $12.96/SF
− Vacancy
−$269 −$0.15/SF
EGI
$23.3K $12.81/SF
− OpEx
−$7.0K −$3.84/SF
NOI
$16.3K $8.97/SF
Area
Eugene, OR
Vacancy
1.14%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,460
Cap Rate 7%
$233,186
Cap Rate 9%
$181,367
Alternative Uses
Best Use
Multifamily LT 5
$233.2K
$204.0K – $272.1K
NOI $16,323 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$203.4K
$178.0K – $237.4K
NOI $14,241 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$549.1K
$480.5K – $640.6K
NOI $38,438 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 97401, OR
45,634
Population
24,220
Households
1.9
Avg Household Size
32
Median Age
47%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
4,907
Density / Sq Mi
$51,244
Median Household Income
$26,604
Median Earnings
$1,318
Median Rent
$472,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors, upgraded mechanical features, and convenient access to schools and shopping.
Where is this duplex located?
The property is located at 1008 COBURG RD Eugene, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Duplex built in 1952 with updates to both units; New electrical panels and wall heaters on both sides; Laminate flooring, baseboards, paint, and light fixtures updated throughout
