Two-Residence Multifamily
New
For Sale
$645,000
260 N GRAND St, Eugene, OR 97402
MultiFamily, Eugene, OR
Property Size2,984 SF
Lot Size0.19 Acres
Price / SF$216.15
Days on Market2
Property Features for 260 N GRAND St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 4, Bedroom 5
Elementary school
River Road
Middle school
Kelly
High school
North Eugene
Directions
Railroad Blvd to N Grand
Subdivision
_245
Standard status
Active
APN
0438364
Size
2,984 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
See title report
Tax Annual Amount
6385
Legal Description
See title report
Utilities
Heating system
Heat Pump (Heating), Baseboard
Cooling system
Heat Pump, Window Unit(s)
Amenities
wood flooring
fireplace
mature trees
established landscaping
outdoor gathering spaces
Building Details
Year built
1968
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 345-8100
Listed By:
Amy Burrell · License #201204069
(541) 357-0531
Added: Oct 15
Last Checked: Oct 16 at 2:06AM
MLS# 114308679
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 multifamily property contains two vacant residences and an additional space between them. The 1,452-square-foot residence has 4 bedrooms and 1.5 bathrooms; the other measures 1,492 square feet and includes 3 bedrooms and 2 bathrooms. Together, the residences total 2,984 square feet. Interior features include wood flooring and a fireplace.
The property occupies a 0.19-acre lot and was built in 1968. Its zoning designation is R1. Mature trees, established landscaping, and outdoor gathering areas are also part of the site.
The property occupies a 0.19-acre lot and was built in 1968. Its zoning designation is R1. Mature trees, established landscaping, and outdoor gathering areas are also part of the site.
Key Highlights
- Two vacant residences with a separate space between them
- 1,452‑square‑foot residence with 4 bedrooms and 1.5 bathrooms
- 1,492‑square‑foot residence with 3 bedrooms and 2 bathrooms
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Both dwellings are vacant, with a separate space positioned between them.
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: Two vacant residences with a separate space between them; 1,452‑square‑foot residence with 4 bedrooms and 1.5 bathrooms; 1,492‑square‑foot residence with 3 bedrooms and 2 bathrooms
