Two-Bedroom Quadplex
1735 Cleveland Place Eugene, OR 97402
For Sale
$585,000
Professionally managed two-bedroom quadplex within a PUD, featuring a resident community center, fitness center, and on-site office.
Property Size2,322 SF
Price / SF$251.94
Days on Market318
Property Features for 1735 Cleveland Place
General Information
- Standard status
- Active
- Size
- 2,322 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing Agency:
Jennings Group Inc
(541) 285-0053
Listed By:
Darren Stone
(541) 285-0053
Source:
Compass
Added: Sep 9, 2025
Changed: Jul 21
Last Checked: Jul 23 at 10:19AM
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 Jennings Group Inc
Investment Insights
Based on property information with market context.
This offering consists of a two-bedroom quadplex community in the Westmoreland Park PUD. The professionally managed community includes a resident community center, a fitness center, and an on-site PUD office. Interior photos are shown of a model unit.
Set within a park-like setting with open space, the community is designed to provide shared amenities for residents.
Please do not disturb residents. For showings and additional details, coordinate through the listing broker.
Set within a park-like setting with open space, the community is designed to provide shared amenities for residents.
Please do not disturb residents. For showings and additional details, coordinate through the listing broker.
Key Highlights
- Professionally managed 2‑bedroom 4‑plex within the Westmoreland Park PUD
- Resident community center and fitness center on‑site within the PUD
- On‑site PUD office serving the professionally managed community
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 | $30.1k | $12.96 |
| − Vacancy | −$343 | −$0.15 |
| EGI | $29.8k | $12.81 |
| − OpEx | −$8.9k | −$3.84 |
| NOI | $20.8k | $8.97 |
2,322 SF · lease $12.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.5K
$260.3K – $347.1K
NOI $20,825 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$259.6K
$227.1K – $302.8K
NOI $18,170 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$700.6K
$613.0K – $817.4K
NOI $49,041 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Professionally managed two-bedroom quadplex within a PUD, featuring a resident community center, fitness center, and on-site office.
Where is this quadplex located?
The property is located at 1735 Cleveland Place Eugene, OR.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Professionally managed 2‑bedroom 4‑plex within the Westmoreland Park PUD; Resident community center and fitness center on‑site within the PUD; On‑site PUD office serving the professionally managed community
