Duplex with Private
3585-3595 Emerald Street Eugene, OR 97405
For Sale
$859,000
Two 4-bedroom units each with patios, garages, and in-unit laundry hookups, suited for residential income buyers.
Property Size3,376 SF
Price / SF$254.44
Days on Market92
Property Features for 3585-3595 Emerald Street
General Information
- Standard status
- Active
- Size
- 3,376 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1968
Listing Agency:
Amy Dean Real Estate, Inc.
(541) 554-4442
Listed By:
Amy Dean · License #200504349
(541) 554-4442
Source:
Compass
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 24 at 12:21PM
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 Amy Dean Real Estate, Inc.
Investment Insights
Based on property information with market context.
This for-sale duplex offers two separate residences, with each side providing four bedrooms and two full bathrooms. The layout includes dedicated one-car garages plus additional driveway parking, along with private backyards featuring paved patios. Interior amenities include washer/dryer hookups, wood-burning fireplaces, and balconies.
Located in the South Hills, the property is described as just minutes from bike paths and parks, and close to shopping, Lane Community College, and the University of Oregon.
The configuration and finishes make the duplex practical for owners seeking a straightforward residential income property with two comparable units. Each side’s bedroom and bath count, along with outdoor space and parking, supports day-to-day livability for tenants, while the separate units provide operational flexibility for an owner-operator or investor.
Located in the South Hills, the property is described as just minutes from bike paths and parks, and close to shopping, Lane Community College, and the University of Oregon.
The configuration and finishes make the duplex practical for owners seeking a straightforward residential income property with two comparable units. Each side’s bedroom and bath count, along with outdoor space and parking, supports day-to-day livability for tenants, while the separate units provide operational flexibility for an owner-operator or investor.
Key Highlights
- Duplex built in 1968 with 2 stories and a finished basement; slab foundation
- Each side offers 4 bedrooms and 2 full baths with 1,688 SF per unit
- Current rents are $2,395 and $2,500 per month
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 | $43.8k | $12.96 |
| − Vacancy | −$499 | −$0.15 |
| EGI | $43.3k | $12.81 |
| − OpEx | −$13.0k | −$3.84 |
| NOI | $30.3k | $8.97 |
3,376 SF · lease $12.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.5K
$378.5K – $504.6K
NOI $30,278 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$377.4K
$330.2K – $440.3K
NOI $26,417 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.02M
$891.3K – $1.19M
NOI $71,301 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 4-bedroom units each with patios, garages, and in-unit laundry hookups, suited for residential income buyers.
Where is this duplex located?
The property is located at 3585-3595 Emerald Street Eugene, OR.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Duplex built in 1968 with 2 stories and a finished basement; slab foundation; Each side offers 4 bedrooms and 2 full baths with 1,688 SF per unit; Current rents are $2,395 and $2,500 per month
