Two-Unit Duplex with
For Sale
$635,000
Pending
1480 BOND LN, Eugene, OR 97401
Both residences provide two bedrooms, one bathroom, oak flooring, and access to a spacious backyard.
Property Size2,084 SF
Days on Market71
Property Features for 1480 BOND LN
General Information
Standard status
Pending
Size
2,084 SF
Property subtype
Multi-Family
Building Details
Building Size
2,084 SF
Year Built
1961
Stories
1
Listing Agency:
RE/MAX Integrity
(541) 345-8100
Listed By:
Christi Thompson · License #201234291
(541) 345-8100
Source:
Eugenerealtors.kw
Added: Jun 24
Changed: Aug 29
Last Checked: Sep 1 at 2:45PM
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 RE/MAX Integrity
Investment Insights
Based on property information with market context.
This Eugene duplex contains two residential units, each arranged with two bedrooms and one bathroom. The interiors include practical living areas, ample natural light, and oak hardwood flooring across the living rooms and bedrooms. The property was built in 1961 and includes a spacious backyard suitable for gardening, outdoor gatherings, or quiet use.
Located in Eugene’s Ferry Street Bridge neighborhood, the duplex is near shopping, dining, parks, and everyday amenities. Its established residential setting combines a two-unit configuration with outdoor space and convenient access to nearby services.
Located in Eugene’s Ferry Street Bridge neighborhood, the duplex is near shopping, dining, parks, and everyday amenities. Its established residential setting combines a two-unit configuration with outdoor space and convenient access to nearby services.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath in each unit
- Oak hardwood floors in living areas and bedrooms
- Spacious backyard with room for gardening and outdoor gatherings
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
$18,691
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
2.94%
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%
$373,820
$373.8K
Cap Rate 7%
$267,014
$267.0K
Cap Rate 9%
$207,678
$207.7K
Market Conditions
NOI Build-Up for 2,084 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
$27.0K $12.96/SF
− Vacancy
−$308 −$0.15/SF
EGI
$26.7K $12.81/SF
− OpEx
−$8.0K −$3.84/SF
NOI
$18.7K $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%
$373,820
Cap Rate 7%
$267,014
Cap Rate 9%
$207,678
Alternative Uses
Best Use
Multifamily LT 5
$267.0K
$233.6K – $311.5K
NOI $18,691 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$233.0K
$203.8K – $271.8K
NOI $16,307 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$628.8K
$550.2K – $733.6K
NOI $44,014 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 97401, OR
45,634
Population
24,220
Households
1.9
Avg Household Size
32
Median Age
47%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
4,907
Density / Sq Mi
$51,244
Median Household Income
$26,604
Median Earnings
$1,318
Median Rent
$472,200
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 - Both residences provide two bedrooms, one bathroom, oak flooring, and access to a spacious backyard.
Where is this duplex located?
The property is located at 1480 BOND LN Eugene, OR.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath in each unit; Oak hardwood floors in living areas and bedrooms; Spacious backyard with room for gardening and outdoor gatherings
