Fourplex with Bicycle
New
For Sale
$1,300,000
546 E 16th AVE, Eugene, OR 97401
Four residential units provide a combined 12 bedrooms and are leased on year-long terms.
Property Size4,840 SF
Price / SF$268.60
Days on Market3
Property Features for 546 E 16th AVE
General Information
Standard status
Active
Size
4,840 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
West University Neighbors
Additional Details
Gross Income
$109,200
Multifamily Units
4
Tenant in Place
Yes
Amenities
secure bicycle storage
Building Details
Year Built
2006
Listing Agency:
Innovate Real Estate LLC
(503) 892-2976
Listed By:
Nick Shivers Team | eXp Realty
(503) 594-0805
Source:
Nickshivers
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 5:39AM
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 Innovate Real Estate LLC
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Investment Insights
Based on property information with market context.
This 4,840-square-foot fourplex, built in 2006, contains four units with 12 bedrooms in total. Secure bicycle storage is provided, and the property is currently owner-managed. All four units are occupied under year-long leases.
The property is located in Eugene, a few blocks from the University of Oregon campus. Its residential configuration, bicycle storage, and proximity to campus are among its defining physical and location details.
The property is located in Eugene, a few blocks from the University of Oregon campus. Its residential configuration, bicycle storage, and proximity to campus are among its defining physical and location details.
Key Highlights
- Four‑unit property with 12 bedrooms total
- 4,840 square feet; built in 2006
- 100% occupancy with year‑long leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,408
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,160
$868.2K
Cap Rate 7%
$620,114
$620.1K
Cap Rate 9%
$482,311
$482.3K
Market Conditions
NOI Build-Up for 4,840 SF
Gross rent
$62.7K $12.96/SF
− Vacancy
−$715 −$0.15/SF
EGI
$62.0K $12.81/SF
− OpEx
−$18.6K −$3.84/SF
NOI
$43.4K $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%
$868,160
Cap Rate 7%
$620,114
Cap Rate 9%
$482,311
Alternative Uses
Best Use
Multifamily LT 5
$620.1K
$542.6K – $723.5K
NOI $43,408 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$541.0K
$473.4K – $631.2K
NOI $37,873 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,221 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,550
Businesses Nearby
Explore this area
Business Placement
Demographics for 97401, OR
45,634
Population
24,220
Households
1.9
Avg Household Size
32
Median Age
47%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
4,907
Density / Sq Mi
$51,244
Median Household Income
$26,604
Median Earnings
$1,318
Median Rent
$472,200
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units provide a combined 12 bedrooms and are leased on year-long terms.
Where is this quadplex located?
The property is located at 546 E 16th AVE Eugene, OR.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit property with 12 bedrooms total; 4,840 square feet; built in 2006; 100% occupancy with year‑long leases
