Single-Level
2854 Cheryl St, Eugene, OR 97401
For Sale
New
$539,000
MultiFamily, Eugene, OR
Property Size1,764 SF
Lot Size0.23 Acres
Price / SF$305.56
Days on Market1
Property Features for 2854 Cheryl St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 345-8100
Listed By:
Michael Sims · License OR #910200151
(541) 510-0552
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 781611096
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 duplex has a single-level layout and contains 1,764 square feet. Each unit has an attached one-car garage. The building was constructed in 1972 and has a composition roof; reported updates include a new roof and new flooring. Heating is forced air.
The property occupies a 0.23-acre corner lot in Eugene. R-1 zoning is specified for the site.
The property occupies a 0.23-acre corner lot in Eugene. R-1 zoning is specified for the site.
Key Highlights
- Two‑unit duplex on a 0.23‑acre corner lot
- 1,764 square feet of building area
- Single‑level layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,821
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,420
$316.4K
Cap Rate 7%
$226,014
$226.0K
Cap Rate 9%
$175,789
$175.8K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$22.9K $12.96/SF
− Vacancy
−$261 −$0.15/SF
EGI
$22.6K $12.81/SF
− OpEx
−$6.8K −$3.84/SF
NOI
$15.8K $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%
$316,420
Cap Rate 7%
$226,014
Cap Rate 9%
$175,789
Alternative Uses
Best Use
Multifamily LT 5
$226.0K
$197.8K – $263.7K
NOI $15,821 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$197.2K
$172.5K – $230.1K
NOI $13,803 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
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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
$472,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Eugene, OR
Properties on Market for Duplexes in Eugene
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached one-car garages serve the units, with forced-air heating throughout.
Where is this duplex located?
The property is located at 2854 Cheryl St Eugene, OR.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two‑unit duplex on a 0.23‑acre corner lot; 1,764 square feet of building area; Single‑level layout
