Duplex with Private
For Sale
$757,000
2180 W 24TH AVE, Eugene, OR 97405
Two-unit property with updated interiors, covered parking, private storage, and access to a Level 2 EV charger.
Property Size2,988 SF
Days on Market101
Property Features for 2180 W 24TH AVE
General Information
Standard status
Active
Size
2,988 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,405
Amenities
private decks
covered parking
private storage
Level 2 EV charger
Building Details
Building Size
2,988 SF
Year Built
1968
Buildings
1
Listing Agency:
RE/MAX Integrity
Listed By:
Renee Swartz · License #960400135
(541) 302-4884
Source:
Worthlandrealestate
Added: Jul 11
Changed: Oct 16
Last Checked: Oct 16 at 4:22PM
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 RE/MAX Integrity
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Investment Insights
Based on property information with market context.
Built in 1968, this 2,988-square-foot duplex includes two distinct units in a wooded setting with landscaped grounds, a year-round creek, and multiple private decks. Each unit has covered parking, an individual storage area, and access to a Level 2 EV charger.
The east residence is occupied and offers three bedrooms, an office, a laundry room, a wood-burning fireplace, updated flooring, and a refreshed bathroom vanity. The vacant west residence has undergone extensive interior improvements, including a remodeled kitchen with granite counters and stainless steel appliances, refinished and new hardwood flooring, updated lighting, fresh paint, a gas fireplace, a walk-in closet, and a tankless water heater.
The west unit is situated across the street from a nature park with a creek. The property is located at 2180 W 24th AVE in Eugene, Oregon.
The east residence is occupied and offers three bedrooms, an office, a laundry room, a wood-burning fireplace, updated flooring, and a refreshed bathroom vanity. The vacant west residence has undergone extensive interior improvements, including a remodeled kitchen with granite counters and stainless steel appliances, refinished and new hardwood flooring, updated lighting, fresh paint, a gas fireplace, a walk-in closet, and a tankless water heater.
The west unit is situated across the street from a nature park with a creek. The property is located at 2180 W 24th AVE in Eugene, Oregon.
Key Highlights
- 2,988 SF duplex built in 1968
- East unit includes 3 bedrooms plus an office and is tenant occupied
- Vacant west unit features a remodeled kitchen, updated flooring, and tankless water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,798
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,960
$536.0K
Cap Rate 7%
$382,829
$382.8K
Cap Rate 9%
$297,756
$297.8K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$38.7K $12.96/SF
− Vacancy
−$441 −$0.15/SF
EGI
$38.3K $12.81/SF
− OpEx
−$11.5K −$3.84/SF
NOI
$26.8K $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%
$535,960
Cap Rate 7%
$382,829
Cap Rate 9%
$297,756
Alternative Uses
Best Use
Multifamily LT 5
$382.8K
$335.0K – $446.6K
NOI $26,798 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$334.0K
$292.3K – $389.7K
NOI $23,381 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$901.5K
$788.8K – $1.05M
NOI $63,107 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
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Business Placement
Demographics for 97405, OR
46,303
Population
20,395
Households
2.3
Avg Household Size
44
Median Age
57%
College-Educated
97%
High-School Grad
129.2 sq mi
ZIP Area
358
Density / Sq Mi
$93,136
Median Household Income
$41,482
Median Earnings
$1,417
Median Rent
$494,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated interiors, covered parking, private storage, and access to a Level 2 EV charger.
Where is this duplex located?
The property is located at 2180 W 24TH AVE Eugene, OR.
What is the asking price?
The asking price for this property is $757,000.
What are key features of this property?
This property features: 2,988 SF duplex built in 1968; East unit includes 3 bedrooms plus an office and is tenant occupied; Vacant west unit features a remodeled kitchen, updated flooring, and tankless water heater
