Nonconforming
New
For Sale
$525,000
2296 Pierce St, Eugene, OR 97405
The property combines a three-bedroom, two-bath home with an attached ADU and separate laundry facilities.
Property Size2,800 SF
Price / SF$187.50
Days on Market4
Property Features for 2296 Pierce St
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
3
Amenities
laundry room
patio
Building Details
Year Built
1958
Listing Agency:
Windermere RE Lane County
Listed By:
Kelly Cooley · License #990200021
(541) 912-2679
Source:
Wyndeekono
Added: Oct 7
Last Checked: Oct 7 at 2:34PM
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 Windermere RE Lane County
Investment Insights
Based on property information with market context.
Configured as a nonconforming triplex, the property includes a three-bedroom, two-bath home and a newly added attached ADU with a third bathroom. The layout provides separation between tenant areas, and the property is currently rented. A separate exterior laundry room contains coin-operated machines; additional features include a backyard patio and shop space.
The home sits on a corner lot in south Eugene, near shopping, restaurants, and bus service. Built in 1958.
The home sits on a corner lot in south Eugene, near shopping, restaurants, and bus service. Built in 1958.
Key Highlights
- Nonconforming triplex configuration with tenant separation
- Three‑bedroom, two‑bath home with an attached ADU and third bathroom
- Separate exterior laundry room with coin‑operated machines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,112
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,240
$502.2K
Cap Rate 7%
$358,743
$358.7K
Cap Rate 9%
$279,022
$279.0K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$36.3K $12.96/SF
− Vacancy
−$414 −$0.15/SF
EGI
$35.9K $12.81/SF
− OpEx
−$10.8K −$3.84/SF
NOI
$25.1K $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 Rate 5%
$502,240
Cap Rate 7%
$358,743
Cap Rate 9%
$279,022
Alternative Uses
Best Use
Multifamily LT 5
$358.7K
$313.9K – $418.5K
NOI $25,112 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$313.0K
$273.9K – $365.2K
NOI $21,910 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$844.8K
$739.2K – $985.6K
NOI $59,136 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
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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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?
Triplex - The property combines a three-bedroom, two-bath home with an attached ADU and separate laundry facilities.
Where is this triplex located?
The property is located at 2296 Pierce St Eugene, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Nonconforming triplex configuration with tenant separation; Three‑bedroom, two‑bath home with an attached ADU and third bathroom; Separate exterior laundry room with coin‑operated machines
