Duplex with Individual
New
For Sale
$439,900
465 DAVIS St, Eugene, OR 97402
MultiFamily, Eugene, OR
Property Size1,662 SF
Lot Size0.20 Acres
Price / SF$264.68
Days on Market2
Property Features for 465 DAVIS St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1
Elementary school
Clear Lake
Middle school
Cascade
High school
Willamette
Directions
Roosevelt, R on Maple, L on Elmira, R on Davis st
Subdivision
_246
Standard status
Active
APN
0450336
Size
1,662 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
Map & Taxlot# 17-04-26-22-06600
Tax Annual Amount
3144
Legal Description
Map & Taxlot# 17-04-26-22-06600
Utilities
Heating system
Zoned, Ductless (Heating), Baseboard
Cooling system
Heat Pump
Building Details
Year built
1949
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 345-8100
Listed By:
Michael Sims · License #910200151
(541) 510-0552
Added: Oct 6
Last Checked: Oct 7 at 4:06AM
MLS# 483023099
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,662-square-foot duplex contains two residences: one with 2 bedrooms and 1 bathroom, and another with 1 bedroom and 1 bathroom. Each unit has its own garage. The property sits on a 0.2-acre corner lot and was built in 1949.
Updates include remodeled kitchens and bathrooms, new appliances, gutters, paint, electrical work, and plumbing. Heating includes baseboard, zoned, and ductless systems; cooling is provided by a heat pump. The property is zoned R1.
Updates include remodeled kitchens and bathrooms, new appliances, gutters, paint, electrical work, and plumbing. Heating includes baseboard, zoned, and ductless systems; cooling is provided by a heat pump. The property is zoned R1.
Key Highlights
- Two‑unit property with 2‑bedroom/1‑bath and 1‑bedroom/1‑bath residences
- 1,662 square feet on a 0.2‑acre corner lot
- Each unit has its own garage
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
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 garages and a two-bedroom, one-bedroom unit mix.
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‑unit property with 2‑bedroom/1‑bath and 1‑bedroom/1‑bath residences; 1,662 square feet on a 0.2‑acre corner lot; Each unit has its own garage
