Updated Corner Duplex
623 West 18th Avenue Eugene, OR 97402
For Sale
$560,000
Updated duplex on a corner lot with two 2-bed, 1.5-bath units, private patios, and included appliances and washer/dryer.
Property Size2,480 SF
Price / SF$225.81
Days on Market121
Property Features for 623 West 18th Avenue
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1997
Listing Agency:
Hearthstone Real Estate
(541) 321-2687
Listed By:
Amy Jackson · License #200008007
(541) 321-2687
Source:
Compass
Added: Mar 25
Changed: Jul 23
Last Checked: Jul 23 at 6:32AM
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 Hearthstone Real Estate
Investment Insights
Based on property information with market context.
This updated corner lot duplex offers two mirrored residential units, each with 2 bedrooms and 1.5 bathrooms. The property features newer LVP flooring throughout, along with ductless heating and cooling. Each side includes private patios and yards for outdoor space. Kitchen appliances and a washer and dryer are included.
Parking is available with room for two cars under a carport, plus off-street parking for two additional vehicles.
With two residential units in place and multiple dedicated parking options, the property is designed for straightforward rental use as-is.
Parking is available with room for two cars under a carport, plus off-street parking for two additional vehicles.
With two residential units in place and multiple dedicated parking options, the property is designed for straightforward rental use as-is.
Key Highlights
- Updated duplex on a corner lot with 2 units (each unit has 2 beds and 1.5 baths)
- Total rent listed as $2,700 (tenants renting on both sides)
- Newer LVP flooring throughout and ductless heating/cooling
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.1k | $12.96 |
| − Vacancy | −$366 | −$0.15 |
| EGI | $31.8k | $12.81 |
| − OpEx | −$9.5k | −$3.84 |
| NOI | $22.2k | $8.97 |
2,480 SF · lease $12.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.7K
$278.0K – $370.7K
NOI $22,242 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$277.2K
$242.6K – $323.4K
NOI $19,406 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$748.3K
$654.7K – $873.0K
NOI $52,378 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated duplex on a corner lot with two 2-bed, 1.5-bath units, private patios, and included appliances and washer/dryer.
Where is this duplex located?
The property is located at 623 West 18th Avenue Eugene, OR.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Updated duplex on a corner lot with 2 units (each unit has 2 beds and 1.5 baths); Total rent listed as $2,700 (tenants renting on both sides); Newer LVP flooring throughout and ductless heating/cooling
