Mid-Century Modern
For Sale
$799,000
Pending
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
Days on Market51
Property Features for 495 W 27th AVE
General Information
Standard status
Pending
Size
3,142 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Friendly Area Neighbors
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:
Tree City Real Estate
Listed By:
Vicki Gile
(503) 539-5944
Source:
Gilegroup
Added: Sep 13
Changed: Nov 1
Last Checked: Nov 1 at 4:49AM
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 Tree City Real Estate
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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 / Yr
$28,179
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
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
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 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 3.53%
Second Best
Apartment 5plus
$351.2K
$307.3K – $409.8K
NOI $24,586 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$948.0K
$829.5K – $1.11M
NOI $66,359 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
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 $799,000.
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
