2-Unit Duplex with
New
For Sale
$439,900
465 Davis ST, Eugene, OR 97402
The two residences offer separate layouts and individual garages on a corner parcel in Eugene.
Property Size1,662 SF
Price / SF$264.68
Days on Market4
Property Features for 465 Davis ST
General Information
Standard status
Active
Size
1,662 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1949
Listing Agency:
Emerald Coast Realty-Seal Rock
Listed By:
NW Pacific Realty
(503) 783-9401
Source:
Nwpacificrealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 7:20PM
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 Emerald Coast Realty-Seal Rock
Investment Insights
Based on property information with market context.
Built in 1949, this duplex contains two residences totaling 1,662 square feet: a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit. Each residence has a garage. The property is situated on a corner lot in Eugene.
Reported improvements include remodeled kitchens and bathrooms, new appliances, gutters, paint, electrical work, and plumbing. The unit mix provides distinct two-bedroom and one-bedroom configurations.
Reported improvements include remodeled kitchens and bathrooms, new appliances, gutters, paint, electrical work, and plumbing. The unit mix provides distinct two-bedroom and one-bedroom configurations.
Key Highlights
- Two residences totaling 1,662 square feet
- Unit mix: one 2‑bedroom/1‑bathroom residence and one 1‑bedroom/1‑bathroom residence
- A separate garage serves each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,906
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,120
$298.1K
Cap Rate 7%
$212,943
$212.9K
Cap Rate 9%
$165,622
$165.6K
Market Conditions
NOI Build-Up for 1,662 SF
Gross rent
$21.5K $12.96/SF
− Vacancy
−$246 −$0.15/SF
EGI
$21.3K $12.81/SF
− OpEx
−$6.4K −$3.84/SF
NOI
$14.9K $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%
$298,120
Cap Rate 7%
$212,943
Cap Rate 9%
$165,622
Alternative Uses
Best Use
Multifamily LT 5
$212.9K
$186.3K – $248.4K
NOI $14,906 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,005 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$501.4K
$438.8K – $585.0K
NOI $35,101 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer separate layouts and individual garages on a corner parcel in Eugene.
Where is this duplex located?
The property is located at 465 Davis ST Eugene, OR.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two residences totaling 1,662 square feet; Unit mix: one 2‑bedroom/1‑bathroom residence and one 1‑bedroom/1‑bathroom residence; A separate garage serves each unit
