Fourplex with Secure Bicycle
New
For Sale
$1,300,000
546 E 16TH Ave, Eugene, OR 97401
MultiFamily, Eugene, OR
Property Size4,840 SF
Lot Size0.08 Acres
Price / SF$268.60
Days on Market2
Property Features for 546 E 16TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Subdivision
UNIVERSITY DISTRICT
Elementary school
Edison
Middle school
Roosevelt
High school
South Eugene
Directions
SOUTH ON PATTERSON AND RIGHT ON E. 16TH AVE.
Standard status
Active
APN
0287126
Size
4,840 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
17-03-32-33-10600
Tax Annual Amount
12514
Legal Description
17-03-32-33-10600
Amenities
secure bicycle storage
Building Details
Year built
2006
Floors in Building
3
Number of units
4
Roof type
Composition
Listing Agency:
Keller Williams Realty Eugene and Springfield
(541) 431-6480
Listed By:
Teri Dibos · License #201206681
(541) 606-1493
Added: Oct 29
Last Checked: Oct 29 at 11:06PM
MLS# 331749206
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.
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Investment Insights
Based on property information with market context.
This 2006-built quadplex contains four units and 12 bedrooms within 4,840 square feet. Secure bicycle storage is provided, and the property has a composition roof. The site measures 0.08 acres and carries R-3 zoning.
The four units are leased on year-long terms. Reported occupancy is 100%, and the property is currently owner-managed.
The four units are leased on year-long terms. Reported occupancy is 100%, and the property is currently owner-managed.
Key Highlights
- Four units with 12 bedrooms
- 4,840 square feet on a 0.08‑acre lot
- Built in 2006 with a composition roof
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.
How Realmo checks its estimates
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 12 bedrooms under year-long leases, with R-3 zoning.
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 units with 12 bedrooms; 4,840 square feet on a 0.08‑acre lot; Built in 2006 with a composition roof
