Duplex with Separate
For Sale
$550,000
2110 BIRCHWOOD AVE, Eugene, OR 97401
Both residences offer ductless mini-split systems, laundry hookups, and fenced outdoor areas.
Property Size1,800 SF
Days on Market12
Property Features for 2110 BIRCHWOOD AVE
General Information
Standard status
Active
Size
1,800 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,274
Amenities
mini split ductless
storage room in the garage
wood laminate floors
interior washer/dryer hookups
fenced backyards
Building Details
Building Size
1,800 SF
Year Built
1971
Listing Agency:
Signature Realty Group
Listed By:
Jane Murphy
(541) 953-3699
Source:
Worthlandrealestate
Added: Sep 7
Changed: Sep 17
Last Checked: Sep 17 at 1:14AM
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 Signature Realty Group
Investment Insights
Based on property information with market context.
Built in 1971, this duplex at 2110 Birchwood Ave in Eugene includes two separate residences with garages positioned between the units. Each side has its own garage storage room, helping distinguish the individual living spaces. Interior features include wood laminate flooring and washer/dryer hookups, while fenced backyards provide enclosed exterior areas for each unit.
Both residences have received upgrades from the owner, and each is equipped with a ductless mini-split system. The configuration combines separate garage access, dedicated storage, laundry connections, and private outdoor space within a two-unit property.
Both residences have received upgrades from the owner, and each is equipped with a ductless mini-split system. The configuration combines separate garage access, dedicated storage, laundry connections, and private outdoor space within a two-unit property.
Key Highlights
- Two‑unit duplex built in 1971
- Separate garages divide the residences and provide added privacy
- Each unit includes a garage storage room
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
$16,143
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%
$322,860
$322.9K
Cap Rate 7%
$230,614
$230.6K
Cap Rate 9%
$179,367
$179.4K
Market Conditions
NOI Build-Up for 1,800 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
$23.3K $12.96/SF
− Vacancy
−$266 −$0.15/SF
EGI
$23.1K $12.81/SF
− OpEx
−$6.9K −$3.84/SF
NOI
$16.1K $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%
$322,860
Cap Rate 7%
$230,614
Cap Rate 9%
$179,367
Alternative Uses
Best Use
Multifamily LT 5
$230.6K
$201.8K – $269.1K
NOI $16,143 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$201.2K
$176.1K – $234.8K
NOI $14,085 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
323
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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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?
Duplex - Both residences offer ductless mini-split systems, laundry hookups, and fenced outdoor areas.
Where is this duplex located?
The property is located at 2110 BIRCHWOOD AVE Eugene, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1971; Separate garages divide the residences and provide added privacy; Each unit includes a garage storage room
