Duplex with Corner
For Sale
$527,990
2495 JEPPESEN ACRES RD, Eugene, OR 97401
Duplex offering 4 bedrooms and 2.5 bathrooms across two units with a spacious corner lot.
Property Size1,752 SF
Price / SF$301.36
Days on Market176
Property Features for 2495 JEPPESEN ACRES RD
General Information
Standard status
Active
Size
1,752 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Baseboard
Ceiling
Composition, Shingle
Building Details
Year Built
1965
Stories
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Eugene & Springfield
Listed By:
Tamara Angier · License #201213660
(541) 961-8852
Source:
Kw
Added: Mar 27
Changed: Sep 17
Last Checked: Sep 16 at 8:40PM
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 Keller Williams Realty Eugene & Springfield
Investment Insights
Based on property information with market context.
This duplex provides a total of 1,752 square feet with functional layouts and bright living spaces. The property includes 4 bedrooms and 2.5 bathrooms across the two units. One unit has recent updates, while the other offers room for value-add improvements.
Set on a spacious corner lot, the home offers additional privacy and curb appeal. The property is located in Eugene and is described as being close to parks, schools, and everyday amenities.
The duplex is currently occupied with renters in place who would like to stay, supporting immediate income as well as an owner-occupant option.
Set on a spacious corner lot, the home offers additional privacy and curb appeal. The property is located in Eugene and is described as being close to parks, schools, and everyday amenities.
The duplex is currently occupied with renters in place who would like to stay, supporting immediate income as well as an owner-occupant option.
Key Highlights
- Duplex with 2 units offering a combined 4 bedrooms and 2.5 bathrooms
- 1,752 SF total interior space in a 1‑story duplex
- Built in 1965 with wood siding exterior and a composition shingle roof
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
$15,713
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
2.98%
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%
$314,260
$314.3K
Cap Rate 7%
$224,471
$224.5K
Cap Rate 9%
$174,589
$174.6K
Market Conditions
NOI Build-Up for 1,752 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
$22.7K $12.96/SF
− Vacancy
−$259 −$0.15/SF
EGI
$22.4K $12.81/SF
− OpEx
−$6.7K −$3.84/SF
NOI
$15.7K $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%
$314,260
Cap Rate 7%
$224,471
Cap Rate 9%
$174,589
Alternative Uses
Best Use
Multifamily LT 5
$224.5K
$196.4K – $261.9K
NOI $15,713 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$195.8K
$171.4K – $228.5K
NOI $13,709 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$528.6K
$462.5K – $616.7K
NOI $37,002 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
870
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 - Duplex offering 4 bedrooms and 2.5 bathrooms across two units with a spacious corner lot.
Where is this duplex located?
The property is located at 2495 JEPPESEN ACRES RD Eugene, OR.
What is the asking price?
The asking price for this property is $527,990.
What are key features of this property?
This property features: Duplex with 2 units offering a combined 4 bedrooms and 2.5 bathrooms; 1,752 SF total interior space in a 1‑story duplex; Built in 1965 with wood siding exterior and a composition shingle roof
