Updated Duplex with Second-Floor
For Sale
$630,000
1205 Taylor St, Eugene, OR 97402
Two-unit property with a second-floor balcony and multiple updates.
Property Size2,846 SF
Price / SF$221.36
Days on Market18
Property Features for 1205 Taylor St
General Information
Standard status
Active
Size
2,846 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
balcony
Building Details
Year Built
1948
Buildings
1
Tenancy
Multi
Listing Agency:
Redfin
(503) 989-9077
Listed By:
Clint Lewis
Source:
Rosecityrealtygroup
Added: Aug 15
Changed: Aug 28
Last Checked: Aug 30 at 8:58PM
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 Redfin
Investment Insights
Based on property information with market context.
This 2,846-square-foot duplex was built in 1948 and includes two residential units. The property has received several updates over time, and both units are described as move-in-ready. A second-floor balcony provides an elevated outlook over the surrounding area.
Located at 1205 Taylor St in Eugene, Oregon 97402, the property is currently tenant occupied. Showings are limited to drive-by viewing, and visitors are asked not to disturb the tenants.
Located at 1205 Taylor St in Eugene, Oregon 97402, the property is currently tenant occupied. Showings are limited to drive-by viewing, and visitors are asked not to disturb the tenants.
Key Highlights
- 2,846‑square‑foot duplex with two residential units
- Built in 1948
- Several updates completed over the years
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
$25,525
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
4.05%
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%
$510,500
$510.5K
Cap Rate 7%
$364,643
$364.6K
Cap Rate 9%
$283,611
$283.6K
Market Conditions
NOI Build-Up for 2,846 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
$36.9K $12.96/SF
− Vacancy
−$420 −$0.15/SF
EGI
$36.5K $12.81/SF
− OpEx
−$10.9K −$3.84/SF
NOI
$25.5K $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 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%
$510,500
Cap Rate 7%
$364,643
Cap Rate 9%
$283,611
Alternative Uses
Best Use
Multifamily LT 5
$364.6K
$319.1K – $425.4K
NOI $25,525 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$318.1K
$278.4K – $371.2K
NOI $22,270 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$858.7K
$751.4K – $1.00M
NOI $60,108 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,334
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
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 a second-floor balcony and multiple updates.
Where is this duplex located?
The property is located at 1205 Taylor St Eugene, OR.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 2,846‑square‑foot duplex with two residential units; Built in 1948; Several updates completed over the years
