Two-Unit Duplex with New
For Sale
$499,000
2829 Applewood Ln, Eugene, OR 97408
An up-and-down layout combines recent unit improvements with convenient access to shopping, bus routes, and major roads.
Property Size1,872 SF
Price / SF$266.56
Days on Market9
Property Features for 2829 Applewood Ln
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1978
Listing Agency:
Hybrid Real Estate
Listed By:
Jodie Vanderbeck
(541) 344-2400
Source:
Evokepropertypartners
Added: Sep 28
Last Checked: Oct 5 at 11:54PM
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 Hybrid Real Estate
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex has an up-and-down configuration and was built in 1978. Both units received new flooring, interior paint, and minor repairs earlier this year. A new roof has been installed, and the second-story deck has been replaced.
Shopping, bus routes, and main roads are nearby, providing access to everyday services and transportation. Tenant occupancy is in place; please do not disturb residents.
Shopping, bus routes, and main roads are nearby, providing access to everyday services and transportation. Tenant occupancy is in place; please do not disturb residents.
Key Highlights
- Two‑unit, up‑and‑down duplex
- 1,872 square feet; built in 1978
- New flooring, interior paint, and minor repairs in both units earlier this year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,789
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,780
$335.8K
Cap Rate 7%
$239,843
$239.8K
Cap Rate 9%
$186,544
$186.5K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$24.3K $12.96/SF
− Vacancy
−$277 −$0.15/SF
EGI
$24.0K $12.81/SF
− OpEx
−$7.2K −$3.84/SF
NOI
$16.8K $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%
$335,780
Cap Rate 7%
$239,843
Cap Rate 9%
$186,544
Alternative Uses
Best Use
Multifamily LT 5
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$209.3K
$183.1K – $244.1K
NOI $14,648 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$564.8K
$494.2K – $659.0K
NOI $39,537 @ 7.0% cap · market cap 7.92%
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
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 97408, OR
14,655
Population
6,585
Households
2.2
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
49.8 sq mi
ZIP Area
294
Density / Sq Mi
$102,063
Median Household Income
$47,280
Median Earnings
$1,731
Median Rent
$535,300
Median Home Value
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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 - An up-and-down layout combines recent unit improvements with convenient access to shopping, bus routes, and major roads.
Where is this duplex located?
The property is located at 2829 Applewood Ln Eugene, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit, up‑and‑down duplex; 1,872 square feet; built in 1978; New flooring, interior paint, and minor repairs in both units earlier this year
