Updated Two-Unit
For Sale
$450,000
2829 APPLEWOOD Ln, Eugene, OR 97408
MultiFamily, Eugene, OR
Property Size1,872 SF
Lot Size0.15 Acres
Price / SF$240.38
Days on Market95
Property Features for 2829 APPLEWOOD Ln
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1
Elementary school
Gilham
Middle school
Cal Young
High school
Sheldon
Directions
Green Acres, North on Applewood, first right into cul de sac, property on left
Subdivision
_241
Standard status
Active
APN
1285608
Size
1,872 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
See RLID
Tax Annual Amount
5371
Legal Description
See RLID
Utilities
Heating system
Ceiling
Building Details
Year built
1978
Floors in Building
2
Number of units
2
Roof type
Composition
Buildings
1
Listing Agency:
Hybrid Real Estate
(541) 343-0322
Listed By:
Jodie Vanderbeck
(541) 543-7501
Added: Jul 30
Changed: Oct 24
Last Checked: Nov 1 at 8:06PM
MLS# 723290927
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.
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Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,872 square feet on a 0.15-acre lot. Built in 1978, the duplex has two levels and includes four bedrooms and two bathrooms. Both units received new flooring, interior paint, and minor repairs earlier this year. The roof has been replaced, and the second-story deck has also been renewed.
The property is in Eugene near shopping, bus routes, and main-road access. R-2 zoning supports its duplex configuration. Tenants are in place, so visits require advance coordination and should not occur without notice.
The property is in Eugene near shopping, bus routes, and main-road access. R-2 zoning supports its duplex configuration. Tenants are in place, so visits require advance coordination and should not occur without notice.
Key Highlights
- Two‑unit duplex with 1,872 square feet
- 0.15‑acre lot with R‑2 zoning
- Both units received new flooring and interior paint earlier this year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,789
Cap Rate
3.73%
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 3.73%
Second Best
Apartment 5plus
$209.3K
$183.1K – $244.1K
NOI $14,648 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$564.8K
$494.2K – $659.0K
NOI $39,537 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature refreshed interiors, a replaced roof, and a second-story deck replacement.
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 $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,872 square feet; 0.15‑acre lot with R‑2 zoning; Both units received new flooring and interior paint earlier this year
