Two-Unit Duplex with Mature
New
For Sale
$465,000
1208 DOLA ST, Eugene, OR 97402
One residence is vacant and partly updated, while the other is occupied and has a history of continuous rental.
Property Size1,980 SF
Days on Market5
Property Features for 1208 DOLA ST
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
light fixer
Site & Location
Neighborhood
Active Bethel Citizens
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,980 SF
Year Built
1990
Buildings
1
Stories
1
Listing Agency:
Better Homes and Gardens Real Estate Equinox
Listed By:
Stephanie Herro
(503) 858-9607
Source:
Eugenerealtors.kw
Added: Oct 28
Changed: Oct 30
Last Checked: Nov 1 at 2:27AM
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 Better Homes and Gardens Real Estate Equinox
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Investment Insights
Based on property information with market context.
This duplex, built in 1990, contains two residences: a vacant 2-bedroom, 1-bath unit and an occupied 3-bedroom, 1-bath unit. The vacant side has fresh interior paint, wood laminate flooring, new kitchen cabinets, a refrigerator, and a dishwasher. The occupied unit includes newer bedroom flooring, a dishwasher, and a bathroom that was updated previously. Mature landscaping provides outdoor space for both residences.
The property has a roof estimated to be 10–12 years old. Updates have been completed selectively, and both units include a mix of refreshed areas and original finishes.
The property has a roof estimated to be 10–12 years old. Updates have been completed selectively, and both units include a mix of refreshed areas and original finishes.
Key Highlights
- Two units: one 2‑bedroom, 1‑bath residence and one 3‑bedroom, 1‑bath residence
- Vacant unit has new kitchen cabinets, refrigerator, and dishwasher
- Vacant unit includes fresh interior paint and wood laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,758
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,160
$355.2K
Cap Rate 7%
$253,686
$253.7K
Cap Rate 9%
$197,311
$197.3K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$25.7K $12.96/SF
− Vacancy
−$293 −$0.15/SF
EGI
$25.4K $12.81/SF
− OpEx
−$7.6K −$3.84/SF
NOI
$17.8K $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%
$355,160
Cap Rate 7%
$253,686
Cap Rate 9%
$197,311
Alternative Uses
Best Use
Multifamily LT 5
$253.7K
$222.0K – $296.0K
NOI $17,758 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$221.3K
$193.7K – $258.2K
NOI $15,493 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$597.4K
$522.7K – $697.0K
NOI $41,818 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant and partly updated, while the other is occupied and has a history of continuous rental.
Where is this duplex located?
The property is located at 1208 DOLA ST Eugene, OR.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two units: one 2‑bedroom, 1‑bath residence and one 3‑bedroom, 1‑bath residence; Vacant unit has new kitchen cabinets, refrigerator, and dishwasher; Vacant unit includes fresh interior paint and wood laminate flooring
