Fourplex with Bicycle
New
For Sale
$1,250,000
1748 FERRY ALY, Eugene, OR 97401
Secure bicycle storage serves residents, and the property is leased on year-long terms.
Property Size4,192 SF
Days on Market6
Property Features for 1748 FERRY ALY
General Information
Standard status
Active
Size
4,192 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Site & Location
Neighborhood
West University Neighbors
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,233
Amenities
secure bicycle storage
Building Details
Building Size
4,192 SF
Year Built
2005
Listing Agency:
Keller Williams Realty Eugene and Springfield
Listed By:
Teri Dibos · License #201206681
(541) 606-1493
Source:
Worthlandrealestate
Added: Oct 28
Changed: Nov 2
Last Checked: Nov 1 at 3:45PM
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 Keller Williams Realty Eugene and Springfield
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Investment Insights
Based on property information with market context.
Built in 2005, this 4,192-square-foot Eugene property contains four residential units with a combined 12 bedrooms. Secure bicycle storage is also provided. The building is owner-managed and leased on year-long terms.
The property is located in Eugene near the University of Oregon campus. Occupancy is 100%, with a history of consistent leasing.
The property is located in Eugene near the University of Oregon campus. Occupancy is 100%, with a history of consistent leasing.
Key Highlights
- Four units with 12 bedrooms total
- 4,192 square feet; built in 2005
- 100% occupancy and year‑long leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,596
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,920
$751.9K
Cap Rate 7%
$537,086
$537.1K
Cap Rate 9%
$417,733
$417.7K
Market Conditions
NOI Build-Up for 4,192 SF
Gross rent
$54.3K $12.96/SF
− Vacancy
−$619 −$0.15/SF
EGI
$53.7K $12.81/SF
− OpEx
−$16.1K −$3.84/SF
NOI
$37.6K $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 Rate 5%
$751,920
Cap Rate 7%
$537,086
Cap Rate 9%
$417,733
Alternative Uses
Best Use
Multifamily LT 5
$537.1K
$470.0K – $626.6K
NOI $37,596 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$468.6K
$410.0K – $546.7K
NOI $32,802 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,535 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,629
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Secure bicycle storage serves residents, and the property is leased on year-long terms.
Where is this quadplex located?
The property is located at 1748 FERRY ALY Eugene, OR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four units with 12 bedrooms total; 4,192 square feet; built in 2005; 100% occupancy and year‑long leases
