Updated Duplex with
New
For Sale
$550,000
2110 BIRCHWOOD Ave, Eugene, OR 97401
MultiFamily, Eugene, OR
Property Size1,800 SF
Lot Size0.18 Acres
Price / SF$305.56
Days on Market2
Property Features for 2110 BIRCHWOOD Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2
Elementary school
Willagillespie
Middle school
Monroe
High school
Sheldon
Directions
Southeast corner of Gilham Rd and Birchwood Ave
Subdivision
_242
Standard status
Active
APN
0158103
Size
1,800 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
Lot 1, Block 2, King's Way Park, platted & recorded in book 42, page 29, Lane Co plat records in Lane Co
Tax Annual Amount
5275
Legal Description
Lot 1, Block 2, King's Way Park, platted & recorded in book 42, page 29, Lane Co plat records in Lane Co
Utilities
Heating system
Ductless (Heating)
Amenities
mini split ductless
wood laminate floors
garages separate units for privacy
interior washer/dryer hookups
fenced backyards
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Signature Realty Group
Listed By:
Jane Murphy
(541) 953-3699
Added: Sep 5
Last Checked: Sep 6 at 3:06AM
MLS# 171839336
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,800 square feet within a 0.18-acre parcel and was built in 1971. The two residences are separated by individual garages, with a storage room serving each side. Interior washer and dryer hookups, wood laminate flooring, ductless mini-split heating, and fenced backyard areas are included. Both units have received upgrades since the current owner acquired the property.
The property includes four bedrooms and two bathrooms overall and is situated in an R-1 zoning district. A composition roof completes the existing improvements.
The property includes four bedrooms and two bathrooms overall and is situated in an R-1 zoning district. A composition roof completes the existing improvements.
Key Highlights
- 1,800‑square‑foot duplex on a 0.18‑acre parcel
- Separate garages divide the residences and each includes a storage room
- Ductless mini‑split heating
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
Property Profile
Current Use
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
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 - Separate garages provide storage rooms and help maintain privacy between the two residences.
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: 1,800‑square‑foot duplex on a 0.18‑acre parcel; Separate garages divide the residences and each includes a storage room; Ductless mini‑split heating
