Occupied Four-Unit
New
For Sale
$520,000
Pending
1573 Jefferson ST, Eugene, OR 97402
Fully occupied multifamily property with shared laundry, off-street parking, and a two-car garage used for storage.
Property Size3,189 SF
Days on Market6
Property Features for 1573 Jefferson ST
General Information
Standard status
Pending
Size
3,189 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$54,180
Amenities
shared laundry facilities
Building Details
Year Built
1924
Listing Agency:
Triple Oaks Realty LLC
(541) 913-9973
Listed By:
Brittany Gibbs · License #201209867
(503) 836-2010
Source:
Findhousesinoregon
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 7:25AM
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 Triple Oaks Realty LLC
Investment Insights
Based on property information with market context.
Located in Eugene, this 3,189-square-foot quadplex was built in 1924 and contains four fully occupied residential units. The configuration includes two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing a mix of floor plans within the property.
Residents have access to shared laundry facilities and off-street parking. A two-car garage is currently used for storage, adding functional space beyond the residential units. The property is at 1573 Jefferson ST in Eugene, Oregon.
Residents have access to shared laundry facilities and off-street parking. A two-car garage is currently used for storage, adding functional space beyond the residential units. The property is at 1573 Jefferson ST in Eugene, Oregon.
Key Highlights
- Four fully occupied residential units
- Unit mix includes two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath units
- 3,189 square feet on a 0.??-acre lot
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
$28,601
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
5.50%
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%
$572,020
$572.0K
Cap Rate 7%
$408,586
$408.6K
Cap Rate 9%
$317,789
$317.8K
Market Conditions
NOI Build-Up for 3,189 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
$41.3K $12.96/SF
− Vacancy
−$471 −$0.15/SF
EGI
$40.9K $12.81/SF
− OpEx
−$12.3K −$3.84/SF
NOI
$28.6K $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%
$572,020
Cap Rate 7%
$408,586
Cap Rate 9%
$317,789
Alternative Uses
Best Use
Multifamily LT 5
$408.6K
$357.5K – $476.7K
NOI $28,601 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$356.5K
$311.9K – $415.9K
NOI $24,954 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$962.2K
$841.9K – $1.12M
NOI $67,352 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,470
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with shared laundry, off-street parking, and a two-car garage used for storage.
Where is this quadplex located?
The property is located at 1573 Jefferson ST Eugene, OR.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Four fully occupied residential units; Unit mix includes two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath units; 3,189 square feet on a 0.??-acre lot
