Duplex with Private
For Sale
$849,000
3585 EMERALD ST, Eugene, OR 97405
South Hills duplex with garages, patios, fireplaces, and access to parks, shopping, bike paths, and nearby higher education.
Property Size3,376 SF
Days on Market145
Property Features for 3585 EMERALD ST
General Information
Standard status
Active
Size
3,376 SF
Property subtype
MULTI_FAMILY
Financials
Gross Income
$64,800
Average Monthly Rent
$2,700
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,133
Amenities
private backyards
paved patios
washer/dryer hookups
wood-burning fireplaces
balconies with city views
Building Details
Building Size
3,376 SF
Year Built
1968
Listing Agency:
Amy Dean Real Estate, Inc.
Listed By:
Amy Dean · License #200504349
(541) 554-4442
Source:
Worthlandrealestate
Added: May 28
Changed: Oct 9
Last Checked: Oct 16 at 6:17PM
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.
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Investment Insights
Based on property information with market context.
Built in 1968, this South Hills duplex contains 3,376 square feet, with each side offering 1,688 square feet, four bedrooms, and two full bathrooms. Both units include one-car garages, additional driveway parking, private backyards with paved patios, washer and dryer hookups, wood-burning fireplaces, and balconies with city views.
The property is located near bike paths, parks, shopping, Lane Community College, and the University of Oregon. Its two-unit configuration and residential setting provide a straightforward income-property layout with substantial living areas on each side.
The property is located near bike paths, parks, shopping, Lane Community College, and the University of Oregon. Its two-unit configuration and residential setting provide a straightforward income-property layout with substantial living areas on each side.
Key Highlights
- Two‑unit property with 3,376 square feet total
- Each unit includes 4 bedrooms, 2 full baths, and 1,688 square feet
- One‑car garage per side plus additional driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,278
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,560
$605.6K
Cap Rate 7%
$432,543
$432.5K
Cap Rate 9%
$336,422
$336.4K
Market Conditions
NOI Build-Up for 3,376 SF
Gross rent
$43.8K $12.96/SF
− Vacancy
−$499 −$0.15/SF
EGI
$43.3K $12.81/SF
− OpEx
−$13.0K −$3.84/SF
NOI
$30.3K $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%
$605,560
Cap Rate 7%
$432,543
Cap Rate 9%
$336,422
Alternative Uses
Best Use
Multifamily LT 5
$432.5K
$378.5K – $504.6K
NOI $30,278 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$377.4K
$330.2K – $440.3K
NOI $26,417 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.02M
$891.3K – $1.19M
NOI $71,301 @ 7.0% cap · market cap 8.40%
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
247
Businesses Nearby
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Business Placement
Demographics for 97405, OR
46,303
Population
20,395
Households
2.3
Avg Household Size
44
Median Age
57%
College-Educated
97%
High-School Grad
129.2 sq mi
ZIP Area
358
Density / Sq Mi
$93,136
Median Household Income
$41,482
Median Earnings
$1,417
Median Rent
$494,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - South Hills duplex with garages, patios, fireplaces, and access to parks, shopping, bike paths, and nearby higher education.
Where is this duplex located?
The property is located at 3585 EMERALD ST Eugene, OR.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑unit property with 3,376 square feet total; Each unit includes 4 bedrooms, 2 full baths, and 1,688 square feet; One‑car garage per side plus additional driveway parking
