Updated Two-Unit Residential
1259 MONROE St Eugene, OR 97402
1259 MONROE St, Eugene, OR, 97402
$625,000
For Sale
$625,000
MULTI_FAMILY - Eugene, OR
Property Size2,358 SF
Price / SF$265.06
Days on Market14
Property Features for 1259 MONROE St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- S-JW
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2
- Standard status
- Active
- APN
- 0271922
- Size
- 2,358 SF
Taxes and HOA fees
- Tax Description
- 17-03-31-32-09500
- Tax Annual Amount
- 3968
Utilities
- Heating system
- Heat Pump (Heating), Ductless (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing Agency
Windermere RE Lane County
(541) 484-2022
1600 Oak St., Eugene, OR
Listed by
Mary Reilly
(541) 912-4140
Added: Jul 4 Checked: Jul 17 at 8:06 am
MLS# 178796018
Listing URL
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale duplex features two updated 2-bedroom, 1-bath units at two addresses: 1259 and 1261. Each unit includes its own washer/dryer. The front unit has 954 square feet of living space and is described as partially furnished, with a newer heat pump/ductless mini-splits and a roof replacement completed in 2023. The front home also has an additional 524 square feet of unfinished area that may provide room for expansion or an additional rental configuration. The back unit offers 880 square feet and is described as having a long-term tenant.
The property includes two meters for utilities and a detached one-car garage. It is located in Eugene, Oregon (Lane County), about one mile from the University of Oregon, with the Lane County Historical Museum and Lane Events Center also nearby. Please do not disturb the tenant in the back house.
Overall, the asset is configured as a two-unit residential income property with separate addresses and utility metering, featuring recent updates to the front unit systems and roof.
The property includes two meters for utilities and a detached one-car garage. It is located in Eugene, Oregon (Lane County), about one mile from the University of Oregon, with the Lane County Historical Museum and Lane Events Center also nearby. Please do not disturb the tenant in the back house.
Overall, the asset is configured as a two-unit residential income property with separate addresses and utility metering, featuring recent updates to the front unit systems and roof.
Key Highlights
- Two updated 2‑bed/1‑bath units at 1259 and 1261, each with its own washer/dryer.
- Front unit has 954 sq ft living space; partially furnished; includes a new heat pump and ductless mini‑splits; new roof added in 2023.
- Back unit offers 880 sq ft and is currently leased to a long‑term tenant.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.6k | $12.96 |
| − Vacancy | −$348 | −$0.15 |
| EGI | $30.2k | $12.81 |
| − OpEx | −$9.1k | −$3.84 |
| NOI | $21.1k | $8.97 |
2,358 SF · lease $12.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$302.1K
$264.4K – $352.5K
NOI $21,148 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$263.6K
$230.6K – $307.5K
NOI $18,451 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$711.4K
$622.5K – $830.0K
NOI $49,801 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated 2-bed/1-bath units each with washer/dryer, plus a detached one-car garage and two separate addresses.
Where is this duplex located?
The property is located at 1259 MONROE St Eugene, OR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two updated 2‑bed/1‑bath units at 1259 and 1261, each with its own washer/dryer.; Front unit has 954 sq ft living space; partially furnished; includes a new heat pump and ductless mini‑splits; new roof added in 2023.; Back unit offers 880 sq ft and is currently leased to a long‑term tenant.
