Four-Unit Quadplex with Two
For Sale
$720,000
47 W 25th Ave AVE, Eugene, OR 97405
R-2 medium-density zoning, on-site parking, and street parking serve this two-building residential property.
Property Size3,682 SF
Days on Market8
Property Features for 47 W 25th Ave AVE
General Information
Standard status
Active
Size
3,682 SF
Property subtype
MULTI_FAMILY
Zoning
R-2
Occupancy
100%
Units
Unit Mix
1 x 3BR/1.1BA, 1 x 1BR/1BA, 1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
4
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,630
Building Details
Building Size
3,682 SF
Year Built
1946
Buildings
2
Listing Agency:
United Real Estate Properties
Listed By:
Debra Jurasevich
(541) 913-6385
Source:
Worthlandrealestate
Added: Sep 20
Changed: Sep 23
Last Checked: Sep 26 at 12:47PM
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 United Real Estate Properties
Investment Insights
Based on property information with market context.
This four-unit property comprises a primary home and a separate building containing three additional residences. The main home includes three bedrooms, 1.1 baths, and some wood flooring. The second structure offers one main-level one-bedroom, one-bath unit, one three-bedroom, one-bath unit, and one upper-level two-bedroom, one-bath unit. The property was built in 1946 and all four units are currently rented.
Zoned R-2 for medium-density residential use, the property includes both on-site and street parking. The two-building layout separates the primary home from the additional units and provides a clear four-unit configuration.
Zoned R-2 for medium-density residential use, the property includes both on-site and street parking. The two-building layout separates the primary home from the additional units and provides a clear four-unit configuration.
Key Highlights
- Four‑unit property with a primary home and a second building containing three additional units
- All four units are currently rented
- Unit mix includes one 3‑bedroom home, one 3‑bedroom unit, one 2‑bedroom unit, and one 1‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,022
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,440
$660.4K
Cap Rate 7%
$471,743
$471.7K
Cap Rate 9%
$366,911
$366.9K
Market Conditions
NOI Build-Up for 3,682 SF
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.
Gross rent
$47.7K $12.96/SF
− Vacancy
−$544 −$0.15/SF
EGI
$47.2K $12.81/SF
− OpEx
−$14.2K −$3.84/SF
NOI
$33.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,440
Cap Rate 7%
$471,743
Cap Rate 9%
$366,911
Alternative Uses
Best Use
Multifamily LT 5
$471.7K
$412.8K – $550.4K
NOI $33,022 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$411.6K
$360.2K – $480.2K
NOI $28,812 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.11M
$972.1K – $1.30M
NOI $77,764 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - R-2 medium-density zoning, on-site parking, and street parking serve this two-building residential property.
Where is this quadplex located?
The property is located at 47 W 25th Ave AVE Eugene, OR.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Four‑unit property with a primary home and a second building containing three additional units; All four units are currently rented; Unit mix includes one 3‑bedroom home, one 3‑bedroom unit, one 2‑bedroom unit, and one 1‑bedroom unit
