Corner-Lot Duplex with
For Sale
$715,500
2063 Lake Wind Drive, Eugene, OR 97408
Two updated units include office/den space, private outdoor areas, and access to lakeside community amenities.
Property Size2,708 SF
Price / SF$264.22
Days on Market445
Property Features for 2063 Lake Wind Drive
General Information
Standard status
Active
Size
2,708 SF
Total Parking Spaces
4
Property subtype
Multi Family
Zoning
R-2
Units
Unit Mix
2 x 2BR+den/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,291
Amenities
gated community
common area
boat dock
lakeside walking path
DSL
1
Crawl Space
Tile
Cement Siding
Building Details
Year Built
2004
Buildings
1
Listing Agency:
John L. Scott Portland Central
(541) 912-2646
Listed By:
Kristin Clark · License #200610184
(541) 912-2646
Source:
Compass
Added: Jun 15, 2025
Changed: Sep 1
Last Checked: Aug 31 at 9:58PM
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 John L. Scott Portland Central
Investment Insights
Based on property information with market context.
This 2,708 SF duplex, built in 2004, is positioned on a corner lot within the gated Lake Shore Estates community. Each unit offers two bedrooms, an office or den, two bathrooms, a private outdoor area, and a spacious two-car garage. Updated kitchens and interiors support comfortable, low-maintenance occupancy, while crawl-space construction and cement siding provide additional physical details.
Community features include a shared common area, boat dock, and lakeside walking path. The property is zoned R-2 and located at 2063 Lake Wind Drive in Eugene, Oregon. Tile exterior elements are also noted among the improvements.
Community features include a shared common area, boat dock, and lakeside walking path. The property is zoned R-2 and located at 2063 Lake Wind Drive in Eugene, Oregon. Tile exterior elements are also noted among the improvements.
Key Highlights
- 2,708 SF duplex on a corner lot
- Each unit has 2 bedrooms, an office/den, and 2 bathrooms
- Two‑car garage provided for each unit
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
$24,287
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
3.39%
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%
$485,740
$485.7K
Cap Rate 7%
$346,957
$347.0K
Cap Rate 9%
$269,856
$269.9K
Market Conditions
NOI Build-Up for 2,708 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
$35.1K $12.96/SF
− Vacancy
−$400 −$0.15/SF
EGI
$34.7K $12.81/SF
− OpEx
−$10.4K −$3.84/SF
NOI
$24.3K $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%
$485,740
Cap Rate 7%
$346,957
Cap Rate 9%
$269,856
Alternative Uses
Best Use
Multifamily LT 5
$347.0K
$303.6K – $404.8K
NOI $24,287 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$302.7K
$264.9K – $353.2K
NOI $21,190 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$817.0K
$714.9K – $953.2K
NOI $57,193 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 97408, OR
14,655
Population
6,585
Households
2.2
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
49.8 sq mi
ZIP Area
294
Density / Sq Mi
$102,063
Median Household Income
$47,280
Median Earnings
$1,731
Median Rent
$535,300
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 - Two updated units include office/den space, private outdoor areas, and access to lakeside community amenities.
Where is this duplex located?
The property is located at 2063 Lake Wind Drive Eugene, OR.
What is the asking price?
The asking price for this property is $715,500.
What are key features of this property?
This property features: 2,708 SF duplex on a corner lot; Each unit has 2 bedrooms, an office/den, and 2 bathrooms; Two‑car garage provided for each unit
