Duplex with Lower-Level
New
For Sale
$995,000
785 E 44th AVE, Eugene, OR 97405
A six-bedroom property combines a four-bedroom main residence with a self-contained apartment offering its own kitchen and laundry.
Property Size3,922 SF
Price / SF$253.70
Days on Market4
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Property Features for 785 E 44th AVE
General Information
Standard status
Active
Size
3,922 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
deck
laundry
storage
Building Details
Year Built
1992
Buildings
1
Construction
Pacific Northwest contemporary
Listing Agency:
Triple Oaks Realty LLC
(541) 513-0174
Listed By:
NW Pacific Realty
(503) 783-9401
Source:
Nwpacificrealty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 11:24PM
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 Triple Oaks Realty LLC
Investment Insights
Based on property information with market context.
This 5,415-square-foot duplex pairs a four-bedroom main residence with a separate two-bedroom apartment on the lower level. The main home has a 2,153-square-foot main floor and a 1,769-square-foot upper level, where its bedrooms and laundry are located. The 1,493-square-foot apartment includes a full kitchen, laundry, storage, and one full bath. The property has four full baths in total.
Interior features include hardwood flooring, wall-to-wall carpet, granite countertops, stainless steel appliances, and gas cooking. Decks, a yard, and a two-car garage round out the property. Built in 1992, the residence is described as Pacific Northwest contemporary.
Interior features include hardwood flooring, wall-to-wall carpet, granite countertops, stainless steel appliances, and gas cooking. Decks, a yard, and a two-car garage round out the property. Built in 1992, the residence is described as Pacific Northwest contemporary.
Key Highlights
- 5,415 square feet across the main residence and lower‑level apartment
- Main residence includes four bedrooms, with all four located upstairs
- 1,493‑square‑foot apartment has two bedrooms, one full bath, a full kitchen, laundry, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,175
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,500
$703.5K
Cap Rate 7%
$502,500
$502.5K
Cap Rate 9%
$390,833
$390.8K
Market Conditions
NOI Build-Up for 3,922 SF
Gross rent
$50.8K $12.96/SF
− Vacancy
−$579 −$0.15/SF
EGI
$50.2K $12.81/SF
− OpEx
−$15.1K −$3.84/SF
NOI
$35.2K $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%
$703,500
Cap Rate 7%
$502,500
Cap Rate 9%
$390,833
Alternative Uses
Best Use
Multifamily LT 5
$502.5K
$439.7K – $586.3K
NOI $35,175 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$438.4K
$383.6K – $511.5K
NOI $30,689 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,833 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 97405, OR
46,303
Population
20,395
Households
2.3
Avg Household Size
44
Median Age
57%
College-Educated
97%
High-School Grad
129.2 sq mi
ZIP Area
358
Density / Sq Mi
$93,136
Median Household Income
$41,482
Median Earnings
$1,417
Median Rent
$494,000
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 - A six-bedroom property combines a four-bedroom main residence with a self-contained apartment offering its own kitchen and laundry.
Where is this duplex located?
The property is located at 785 E 44th AVE Eugene, OR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5,415 square feet across the main residence and lower‑level apartment; Main residence includes four bedrooms, with all four located upstairs; 1,493‑square‑foot apartment has two bedrooms, one full bath, a full kitchen, laundry, and storage
