2-Unit Duplex with
For Sale
$515,000
112 Lea Ave, Eugene, OR 97404
Two matching residences provide three bedrooms, two bathrooms, private outdoor space, and convenient access to shopping, dining, and transit.
Property Size2,174 SF
Price / SF$236.89
Days on Market57
Property Features for 112 Lea Ave
General Information
Standard status
Active
Size
2,174 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Public Transit
Yes
Amenities
fenced yard
patio
laundry hookups
Building Details
Year Built
1995
Buildings
1
Listing Agency:
ICON Real Estate Group
Listed By:
Jewon Jung · License #201203256
(541) 912-4415
Source:
Christiesrealestateevg
Added: Aug 20
Changed: Oct 9
Last Checked: Oct 15 at 2:11AM
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
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Investment Insights
Based on property information with market context.
Built in 1995, this 2,174-square-foot duplex contains two matching residences, each arranged with three bedrooms and two full bathrooms. Both homes feature a two-story foyer staircase, a main-level living room, dining area, kitchen, and full bathroom, with three bedrooms and another full bathroom upstairs. Sliding doors connect the dining areas to the outdoor space.
Each side includes a single-car extra-deep garage with laundry hookups, along with an individually fenced backyard and open patio. The primary bedrooms receive abundant natural light and include additional closet space, while the other bedrooms overlook their respective backyards. The property is near shopping, restaurants, and transit.
Each side includes a single-car extra-deep garage with laundry hookups, along with an individually fenced backyard and open patio. The primary bedrooms receive abundant natural light and include additional closet space, while the other bedrooms overlook their respective backyards. The property is near shopping, restaurants, and transit.
Key Highlights
- 2,174‑square‑foot duplex built in 1995
- Two matching units, each with 3 bedrooms and 2 full bathrooms
- Single‑car extra‑deep garage with laundry hookups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,498
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,960
$390.0K
Cap Rate 7%
$278,543
$278.5K
Cap Rate 9%
$216,644
$216.6K
Market Conditions
NOI Build-Up for 2,174 SF
Gross rent
$28.2K $12.96/SF
− Vacancy
−$321 −$0.15/SF
EGI
$27.9K $12.81/SF
− OpEx
−$8.4K −$3.84/SF
NOI
$19.5K $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%
$389,960
Cap Rate 7%
$278,543
Cap Rate 9%
$216,644
Alternative Uses
Best Use
Multifamily LT 5
$278.5K
$243.7K – $325.0K
NOI $19,498 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$243.0K
$212.6K – $283.5K
NOI $17,011 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$655.9K
$573.9K – $765.3K
NOI $45,915 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
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Business Placement
Demographics for 97404, OR
34,345
Population
13,823
Households
2.5
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$80,355
Median Household Income
$41,184
Median Earnings
$1,408
Median Rent
$397,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences provide three bedrooms, two bathrooms, private outdoor space, and convenient access to shopping, dining, and transit.
Where is this duplex located?
The property is located at 112 Lea Ave Eugene, OR.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2,174‑square‑foot duplex built in 1995; Two matching units, each with 3 bedrooms and 2 full bathrooms; Single‑car extra‑deep garage with laundry hookups for each unit
