Three-Unit Residential Income
32781 East Pearl Street Eugene, OR 97408
For Sale
$649,900
Spacious tri-plex with three distinct units, including multiple garages and laundry or washer/dryer hook-ups.
Property Size3,280 SF
Price / SF$198.14
Days on Market122
Property Features for 32781 East Pearl Street
General Information
Standard status
Active
Size
3,280 SF
Property subtype
Multi Family
Building Details
Year Built
1981
Listing Agency:
Lux Realty Group
(541) 515-1751
Listed By:
Alison Myers · License #201216695
(541) 515-1751
Source:
Compass
Added: Mar 28
Changed: Jul 23
Last Checked: Jul 27 at 12:13PM
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 Lux Realty Group
Investment Insights
Based on property information with market context.
This for-sale tri-plex includes three separate units: a ground-floor 3-bedroom, 2-bath home with forced air, a laundry room, and a large garage with an additional work area; an updated upstairs 2-bedroom, 1-bath unit with washer and dryer hook-ups and a garage; and a studio upstairs unit with a large outdoor storage area.
The property is located on East Pearl Street in Eugene and is described as being in the Coburg area and the Sheldon School District. The offering notes a great rental history and that the listing broker is related to the sellers.
Overall, the layout provides a mix of unit sizes and dedicated storage, including both indoor laundry functionality and garage space across multiple units.
The property is located on East Pearl Street in Eugene and is described as being in the Coburg area and the Sheldon School District. The offering notes a great rental history and that the listing broker is related to the sellers.
Overall, the layout provides a mix of unit sizes and dedicated storage, including both indoor laundry functionality and garage space across multiple units.
Key Highlights
- Tri‑plex with 3 distinct units and 2 stories (no basement)
- Ground unit: 3 bed, 2 bath, over 1,600 sq ft with forced air, laundry room, and large garage with work area
- Upstairs unit: updated 2 bed, 1 bath with washer/dryer hookups and a garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.5k | $12.96 |
| − Vacancy | −$485 | −$0.15 |
| EGI | $42.0k | $12.81 |
| − OpEx | −$12.6k | −$3.84 |
| NOI | $29.4k | $8.97 |
3,280 SF · lease $12.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.2K
$367.7K – $490.3K
NOI $29,417 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$366.7K
$320.8K – $427.8K
NOI $25,666 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$989.6K
$865.9K – $1.15M
NOI $69,274 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Spacious tri-plex with three distinct units, including multiple garages and laundry or washer/dryer hook-ups.
Where is this triplex located?
The property is located at 32781 East Pearl Street Eugene, OR.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Tri‑plex with 3 distinct units and 2 stories (no basement); Ground unit: 3 bed, 2 bath, over 1,600 sq ft with forced air, laundry room, and large garage with work area; Upstairs unit: updated 2 bed, 1 bath with washer/dryer hookups and a garage
