Two-Residence Multifamily
New
For Sale
$645,000
260 N GRAND ST, Eugene, OR 97402
Both homes are vacant, with an additional area positioned between them and established outdoor landscaping.
Property Size2,984 SF
Days on Market5
Property Features for 260 N GRAND ST
General Information
Standard status
Active
Size
2,984 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/1.5BA, 1 x 3BR/2BA
Multifamily Units
2
Building Details
Building Size
2,984 SF
Year Built
1968
Stories
2
Listing Agency:
RE/MAX Integrity
Listed By:
Amy Burrell · License #201204069
(541) 345-8100
Source:
Eugenerealtors.kw
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 3:08AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Eugene multifamily property, built in 1968, contains two separate residences and an additional space between them. One home has four bedrooms, one and a half bathrooms, and 1,452 square feet; the other includes three bedrooms, two bathrooms, and 1,492 square feet. Both residences are vacant. Interior features include wood floors and a fireplace, while mature trees, landscaping, and outdoor gathering areas occupy the grounds.
The property is located at 260 N Grand St in Eugene, Oregon.
The property is located at 260 N Grand St in Eugene, Oregon.
Key Highlights
- 4‑bedroom, 1.5‑bath residence with 1,452 square feet
- 3‑bedroom, 2‑bath residence with 1,492 square feet
- Two vacant residences with an additional space between them
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,350
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,000
$467.0K
Cap Rate 7%
$333,571
$333.6K
Cap Rate 9%
$259,444
$259.4K
Market Conditions
NOI Build-Up for 2,984 SF
Gross rent
$43.0K $14.40/SF
− Vacancy
−$516 −$0.17/SF
EGI
$42.5K $14.23/SF
− OpEx
−$19.1K −$6.40/SF
NOI
$23.3K $7.82/SF
Area
Eugene, OR
Vacancy
1.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,000
Cap Rate 7%
$333,571
Cap Rate 9%
$259,444
Alternative Uses
Best Use
Apartment 5plus
$333.6K
$291.9K – $389.2K
NOI $23,350 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$900.3K
$787.8K – $1.05M
NOI $63,022 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Both homes are vacant, with an additional area positioned between them and established outdoor landscaping.
Where is this multifamily property located?
The property is located at 260 N GRAND ST Eugene, OR.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 4‑bedroom, 1.5‑bath residence with 1,452 square feet; 3‑bedroom, 2‑bath residence with 1,492 square feet; Two vacant residences with an additional space between them
