Mirrored-Layout
2885 FEDERAL PL, Eugene, OR 97404
For Sale
New
$425,000
Each residence has a kitchen-adjacent laundry room and sliding doors opening to a backyard patio.
Property Size1,820 SF
Days on Market5
Property Features for 2885 FEDERAL PL
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
backyard patio
planter boxes
Building Details
Building Size
Year Built
Listing Agency:
Legacy Real Estate Lane County LLC
Listed By:
Linda Anderson · License OR SA680832000
(541) 913-3602
Source:
Worthlandrealestate
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:19PM
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 Legacy Real Estate Lane County LLC
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Investment Insights
Based on property information with market context.
Built in 1964, this duplex contains two matching residences, with garages positioned between the units. Each home has hardwood flooring in the bedrooms, a laundry room with washer and dryer hookups beside the kitchen, and sliding doors from the dining area to a backyard patio. Planter boxes are located at the front of the property.
The units have had long-term tenants, with a positive rental history noted. The mirrored configuration and shared placement of the garages define the building’s layout.
The units have had long-term tenants, with a positive rental history noted. The mirrored configuration and shared placement of the garages define the building’s layout.
Key Highlights
- Two matching residential units separated by garages
- Built in 1964
- Laundry rooms with hookups beside the kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,323
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,460
$326.5K
Cap Rate 7%
$233,186
$233.2K
Cap Rate 9%
$181,367
$181.4K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$23.6K $12.96/SF
− Vacancy
−$269 −$0.15/SF
EGI
$23.3K $12.81/SF
− OpEx
−$7.0K −$3.84/SF
NOI
$16.3K $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%
$326,460
Cap Rate 7%
$233,186
Cap Rate 9%
$181,367
Alternative Uses
Best Use
Multifamily LT 5
$233.2K
$204.0K – $272.1K
NOI $16,323 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$203.4K
$178.0K – $237.4K
NOI $14,241 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$549.1K
$480.5K – $640.6K
NOI $38,438 @ 7.0% cap · market cap 9.04%
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
564
Businesses Nearby
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Business Placement
Demographics for 97404, OR
34,345
Population
13,823
Households
2.5
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$80,355
Median Household Income
$41,184
Median Earnings
$1,408
Median Rent
$397,700
Median Home Value
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Market
Average Price Trend$/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 - Each residence has a kitchen-adjacent laundry room and sliding doors opening to a backyard patio.
Where is this duplex located?
The property is located at 2885 FEDERAL PL Eugene, OR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two matching residential units separated by garages; Built in 1964; Laundry rooms with hookups beside the kitchens
