Mid-Century Modern
New
For Sale
$819,000
495 W 27th AVE, Eugene, OR 97405
Registered duplex with separate entrances, a furnished rental unit, gardens, and flexible indoor-outdoor living areas.
Property Size3,142 SF
Price / SF$260.66
Days on Market5
Property Features for 495 W 27th AVE
General Information
Standard status
Active
Size
3,142 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR+Office/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
wood-burning fireplaces
covered patio
Zen garden
Japanese trees
deck
sundeck
separate laundry room
Building Details
Year Built
1964
Construction
mid-century modern
Listing Agency:
Handris Realty Company
Listed By:
Vicki Gile
(503) 539-5944
Source:
Gilegroup
Added: Sep 13
Changed: Sep 17
Last Checked: Sep 16 at 5:35PM
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 Handris Realty Company
Investment Insights
Based on property information with market context.
Built in 1964, this registered duplex combines preserved mid-century modern design with two separately addressed residences. The 1,651-square-foot main home includes two bedrooms, an office, 1.5 baths, two wood-burning fireplaces, a large laundry room, and a Jack-and-Jill bathroom arrangement with separate toilet rooms. A covered patio, Japanese-inspired garden, deck, and additional seating areas extend the usable living space outdoors, with mountain views from the sundeck.
The lower residence measures 745 square feet and offers one bedroom, one bathroom, a private entrance, dedicated carport parking, updated flooring, refreshed cabinetry, new appliances, and a wood-burning fireplace. It is fully furnished and ready to rent. A separate 746-square-foot basement adds storage and finished bonus space with convenient access from the carport. The property is located at 495 W 27th AVE in Eugene’s College Hill neighborhood.
The lower residence measures 745 square feet and offers one bedroom, one bathroom, a private entrance, dedicated carport parking, updated flooring, refreshed cabinetry, new appliances, and a wood-burning fireplace. It is fully furnished and ready to rent. A separate 746-square-foot basement adds storage and finished bonus space with convenient access from the carport. The property is located at 495 W 27th AVE in Eugene’s College Hill neighborhood.
Key Highlights
- Two separately addressed residences with private entrances
- 1,651‑square‑foot main residence with 2 bedrooms, office, and 1.5 baths
- Fully renovated 745‑square‑foot lower apartment with 1 bedroom and 1 bathroom
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
$28,179
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
3.44%
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%
$563,580
$563.6K
Cap Rate 7%
$402,557
$402.6K
Cap Rate 9%
$313,100
$313.1K
Market Conditions
NOI Build-Up for 3,142 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
$40.7K $12.96/SF
− Vacancy
−$464 −$0.15/SF
EGI
$40.3K $12.81/SF
− OpEx
−$12.1K −$3.84/SF
NOI
$28.2K $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%
$563,580
Cap Rate 7%
$402,557
Cap Rate 9%
$313,100
Alternative Uses
Best Use
Multifamily LT 5
$402.6K
$352.2K – $469.7K
NOI $28,179 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$351.2K
$307.3K – $409.8K
NOI $24,586 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$948.0K
$829.5K – $1.11M
NOI $66,359 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
829
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?
Duplex - Registered duplex with separate entrances, a furnished rental unit, gardens, and flexible indoor-outdoor living areas.
Where is this duplex located?
The property is located at 495 W 27th AVE Eugene, OR.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Two separately addressed residences with private entrances; 1,651‑square‑foot main residence with 2 bedrooms, office, and 1.5 baths; Fully renovated 745‑square‑foot lower apartment with 1 bedroom and 1 bathroom
