Duplex Requiring
For Sale
$475,000
2209 Cal Young Rd, Eugene, OR 97401
Tenant-occupied duplex near Oakway Center, the University of Oregon, shopping, dining, and major transportation routes.
Property Size2,289 SF
Price / SF$207.51
Days on Market94
Property Features for 2209 Cal Young Rd
General Information
Standard status
Active
Size
2,289 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Cal Young Neighborhood Association
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
Triple Oaks Realty LLC
Listed By:
Jon Burke · License #201204219
(541) 968-0423
Source:
Rosecityrealtygroup
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 7 at 5:23PM
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 Triple Oaks Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1971, this duplex presents a two-unit residential income property requiring repairs and modernization. The existing tenant occupancy means interior access is available only after an accepted offer, and tenants should not be disturbed.
The property is situated in Eugene near Oakway Center, the University of Oregon, shopping, restaurants, and major transportation routes. It is also located within the Sheldon School District.
The property is situated in Eugene near Oakway Center, the University of Oregon, shopping, restaurants, and major transportation routes. It is also located within the Sheldon School District.
Key Highlights
- Duplex built in 1971
- Property requires repairs and updating
- Tenant‑occupied; interior showings follow an accepted offer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,529
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,580
$410.6K
Cap Rate 7%
$293,271
$293.3K
Cap Rate 9%
$228,100
$228.1K
Market Conditions
NOI Build-Up for 2,289 SF
Gross rent
$29.7K $12.96/SF
− Vacancy
−$338 −$0.15/SF
EGI
$29.3K $12.81/SF
− OpEx
−$8.8K −$3.84/SF
NOI
$20.5K $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%
$410,580
Cap Rate 7%
$293,271
Cap Rate 9%
$228,100
Alternative Uses
Best Use
Multifamily LT 5
$293.3K
$256.6K – $342.2K
NOI $20,529 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$255.9K
$223.9K – $298.5K
NOI $17,911 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$690.6K
$604.3K – $805.7K
NOI $48,344 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
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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?
Duplex - Tenant-occupied duplex near Oakway Center, the University of Oregon, shopping, dining, and major transportation routes.
Where is this duplex located?
The property is located at 2209 Cal Young Rd Eugene, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Duplex built in 1971; Property requires repairs and updating; Tenant‑occupied; interior showings follow an accepted offer
