Duplex with Attached
New
For Sale
$825,000
560 W 15TH Ave, Eugene, OR 97401
MultiFamily, Eugene, OR
Property Size2,628 SF
Lot Size0.21 Acres
Price / SF$313.93
Days on Market3
Property Features for 560 W 15TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 1, Bathroom 6, Bedroom 2
Elementary school
Cesar Chavez
Middle school
Arts & Tech
High school
Churchill
Directions
13th or 18th to Jefferson
Subdivision
_244
Standard status
Active
APN
0272748
Size
2,628 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
17-03-31-34-03200
Legal Description
17-03-31-34-03200
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2014
Floors in Building
2
Number of units
2
Roof type
Composition
Buildings
1
Listing Agency:
Windermere RE Lane County · Windermere Real Estate
(541) 484-2022
Listed By:
Erin Ralston
(541) 357-0853
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 8:06PM
MLS# 440062681
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.
Built in 2014, this duplex contains two residences totaling 2,628 square feet on a 0.21-acre corner parcel. Each unit has 3 bedrooms, 2.5 bathrooms, an attached garage, a primary suite with a walk-in closet and dual vanity, and a private fenced yard. The property has heat pump heating and central air conditioning; new HVAC systems and fencing are noted, along with new carpet in one unit. Appliances are included.
The property is in Eugene, near downtown, the University of Oregon, Lane County Fairgrounds, shopping, dining, and public transportation. Zoned R-1, the parcel has undeveloped area; any potential for additional residential units would require verification with the City of Eugene.
The property is in Eugene, near downtown, the University of Oregon, Lane County Fairgrounds, shopping, dining, and public transportation. Zoned R-1, the parcel has undeveloped area; any potential for additional residential units would require verification with the City of Eugene.
Key Highlights
- Duplex built in 2014 with 2,628 square feet across two units
- Each unit has 3 bedrooms, 2.5 bathrooms, and an attached garage
- 0.21‑acre corner lot with fenced yards for both residences
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
2
Residential units
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 - Two three-bedroom residences include private fenced yards and individual garage access.
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: Duplex built in 2014 with 2,628 square feet across two units; Each unit has 3 bedrooms, 2.5 bathrooms, and an attached garage; 0.21‑acre corner lot with fenced yards for both residences
