Duplex with Attached
For Sale
$825,000
Pending
560 W 15TH AVE, Eugene, OR 97401
Both residences include private fenced yards, updated HVAC systems, and appliances.
Property Size2,628 SF
Days on Market12
Property Features for 560 W 15TH AVE
General Information
Standard status
Pending
Size
2,628 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Jefferson Westside Neighbors
Fenced Yard
Yes
Additional Details
Land Use
residential
Amenities
attached garege
prive fened yare
Building Details
Building Size
2,628 SF
Year Built
2014
Listing Agency:
Windermere RE Lane County
Listed By:
Erin Ralston
(541) 357-0853
Source:
Worthlandrealestate
Added: Oct 22
Changed: Oct 31
Last Checked: Nov 1 at 1:34PM
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 Windermere RE Lane County
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Investment Insights
Based on property information with market context.
Built in 2014, this duplex contains two residences totaling 2,628 square feet. Each has three bedrooms, 2.5 bathrooms, an attached garage, and a fenced private yard. Both units include appliances, and the property has new HVAC systems and fencing; new carpet was installed in the unit on the 580 side.
The building sits on an oversized corner lot, with nearly half the site undeveloped. The property information identifies possible additional residential development under Eugene’s Middle Housing code, subject to verification with the City of Eugene. Downtown Eugene, the University of Oregon, Lane County Fairgrounds, shopping, dining, and public transportation are nearby.
The building sits on an oversized corner lot, with nearly half the site undeveloped. The property information identifies possible additional residential development under Eugene’s Middle Housing code, subject to verification with the City of Eugene. Downtown Eugene, the University of Oregon, Lane County Fairgrounds, shopping, dining, and public transportation are nearby.
Key Highlights
- Two‑unit duplex with 2,628 square feet, built in 2014
- Each residence has 3 bedrooms, 2.5 bathrooms, and an attached garage
- Oversized corner lot with nearly half the site undeveloped
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,569
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,380
$471.4K
Cap Rate 7%
$336,700
$336.7K
Cap Rate 9%
$261,878
$261.9K
Market Conditions
NOI Build-Up for 2,628 SF
Gross rent
$34.1K $12.96/SF
− Vacancy
−$388 −$0.15/SF
EGI
$33.7K $12.81/SF
− OpEx
−$10.1K −$3.84/SF
NOI
$23.6K $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%
$471,380
Cap Rate 7%
$336,700
Cap Rate 9%
$261,878
Alternative Uses
Best Use
Multifamily LT 5
$336.7K
$294.6K – $392.8K
NOI $23,569 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$293.8K
$257.1K – $342.7K
NOI $20,564 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$792.9K
$693.8K – $925.1K
NOI $55,503 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,470
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include private fenced yards, updated HVAC systems, and appliances.
Where is this duplex located?
The property is located at 560 W 15TH AVE Eugene, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,628 square feet, built in 2014; Each residence has 3 bedrooms, 2.5 bathrooms, and an attached garage; Oversized corner lot with nearly half the site undeveloped
