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 Market49
Property Features for 2209 Cal Young Rd
General Information
Standard status
Active
Size
2,289 SF
Property subtype
Multi-Family
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: Sep 8
Last Checked: Sep 15 at 11:32PM
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
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 = 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
$20,529
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
4.32%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
653
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 - 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
