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Updated Duplex with Shared Laundry
For Sale
$370,000

3118 Richard Avenue, Eugene, OR 97402

Two-unit property with 2018 system upgrades, ongoing month-to-month occupancy, and a separate laundry area.

Property Size914 SF
Price / SF$404.81
Days on Market238

Property Features for 3118 Richard Avenue

General Information

Standard status Active
Size 914 SF
Property subtype Multi Family
Zoning C2

Property Condition

Severity Repairs Needed
Evidence Both units probably need interior paint & carpet.

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,341

Amenities

shared laundry room
Other

Building Details

Year Built 1947
Buildings 1
Tenancy Multi
Listing Agency: Tim Duncan Real Estate
Listed By: Tim Duncan · License #201208654
Source: Compass
Added: Jan 6 Changed: Aug 30 Last Checked: Aug 31 at 9:52PM

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 Tim Duncan Real Estate

Investment Insights

Based on property information with market context.

This duplex at 3118 Richard Avenue in Eugene was built in 1947 and received substantial improvements in 2018, including new siding, exterior paint, plumbing, HVAC, electrical service, and appliances. The property contains two units, with a shared laundry room serving both residences. The front unit includes an upstairs bonus room and a larger yard.

Both tenants are on month-to-month arrangements and have expressed interest in remaining. The property is identified with C2 zoning and combines updated major systems with a two-unit residential layout.

Key Highlights

  • Duplex built in 1947 with two residential units
  • 2018 upgrades included siding, exterior paint, plumbing, HVAC, electrical, and appliances
  • Both tenants are month to month and would like to stay

Property Analytics

Current Use

Self Serve Car ... Car Wash

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Nail Salon Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with 2018 system upgrades, ongoing month-to-month occupancy, and a separate laundry area.
Where is this duplex located?
The property is located at 3118 Richard Avenue Eugene, OR.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Duplex built in 1947 with two residential units; 2018 upgrades included siding, exterior paint, plumbing, HVAC, electrical, and appliances; Both tenants are month to month and would like to stay
More about this property
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