4-Unit Quadplex with Updated
New
For Sale
$795,000
1071 W 13TH AVE, Eugene, OR 97402
Four two-bedroom residences with updated interiors are occupied by established tenants.
Property Size3,208 SF
Days on Market3
Property Features for 1071 W 13TH AVE
General Information
Standard status
Active
Size
3,208 SF
Property subtype
MULTI_FAMILY
Net Operating Income
$51,451
Financials
Asking Price
$795,000
Cap Rate
6.47%
Gross Income
$70,800
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,395
Building Details
Building Size
3,208 SF
Year Built
1978
Listing Agency:
Triple Oaks Realty LLC
Listed By:
Jon Burke
(541) 968-0423
Source:
Worthlandrealestate
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 10:23PM
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 Triple Oaks Realty LLC
Investment Insights
Based on property information with market context.
This 3,208-square-foot quadplex contains four residences, each configured with two bedrooms and one bathroom. Built in 1978, the property has updated interiors and established tenants in place.
The property is in Eugene, with the University of Oregon, downtown, shopping, restaurants, bike paths, and public transportation identified as nearby conveniences. Current leases and operating information are available through the broker; tenant showings are arranged after an accepted offer.
The property is in Eugene, with the University of Oregon, downtown, shopping, restaurants, bike paths, and public transportation identified as nearby conveniences. Current leases and operating information are available through the broker; tenant showings are arranged after an accepted offer.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,208 square feet
- Interiors have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,771
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,420
$575.4K
Cap Rate 7%
$411,014
$411.0K
Cap Rate 9%
$319,678
$319.7K
Market Conditions
NOI Build-Up for 3,208 SF
Gross rent
$41.6K $12.96/SF
− Vacancy
−$474 −$0.15/SF
EGI
$41.1K $12.81/SF
− OpEx
−$12.3K −$3.84/SF
NOI
$28.8K $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 Rate 5%
$575,420
Cap Rate 7%
$411,014
Cap Rate 9%
$319,678
Alternative Uses
Best Use
Multifamily LT 5
$411.0K
$359.6K – $479.5K
NOI $28,771 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$358.6K
$313.8K – $418.4K
NOI $25,102 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$967.9K
$846.9K – $1.13M
NOI $67,753 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences with updated interiors are occupied by established tenants.
Where is this quadplex located?
The property is located at 1071 W 13TH AVE Eugene, OR.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,208 square feet; Interiors have been updated
