Historic Mixed-Use Apartment and
For Sale
Contact for pricing
795 Willamette St, Eugene, OR 97401
Historic 18-unit multifamily building with occupied ground-floor retail space and recent exterior and systems improvements.
Property Size25,238 SF
Price / SF$130.76
Days on Market295
Property Features for 795 Willamette St
General Information
Standard status
Active
Size
25,238 SF
Property subtype
Multifamily, Retail
Occupancy
100%
Net Operating Income
$177,964
Additional Details
Multifamily Units
18
Building Details
Year Built
1902
Year Renovated
2025
Buildings
1
Stories
5
Units
18
Listing Agency:
Campbell Commercial Real Estate
Listed By:
Tim Campbell · License #OR 950100171
(541) 484-2214
Source:
Crexi
Added: Nov 17, 2025
Changed: Aug 13
Last Checked: Sep 7 at 12:22AM
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 Campbell Commercial Real Estate
Investment Insights
Based on property information with market context.
The Tiffany Building is a historic mixed-use property featuring 18 multifamily units with ground-floor retail. Street-level retail totals approximately 5,858 SF and is currently occupied by established local tenants, with the remainder of the building devoted to the residential units.
The building is located in the heart of downtown Eugene, just minutes from the University of Oregon, and is surrounded by downtown amenities, transit, and ongoing redevelopment.
Recent capital improvements include restored windows, exterior upgrades, and system enhancements, helping reduce near-term capital needs while supporting continued building performance. The property totals approximately 25,238 SF.
The building is located in the heart of downtown Eugene, just minutes from the University of Oregon, and is surrounded by downtown amenities, transit, and ongoing redevelopment.
Recent capital improvements include restored windows, exterior upgrades, and system enhancements, helping reduce near-term capital needs while supporting continued building performance. The property totals approximately 25,238 SF.
Key Highlights
- Historic mixed‑use building with 18 multifamily units plus ground‑floor retail
- Total approx. 25,238 SF, including 5,858 SF of street‑level retail occupied by established tenants
- Recent capital improvements include restored windows, exterior upgrades, and system enhancements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$197,486
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,949,720
$3.9M
Cap Rate 7%
$2,821,229
$2.8M
Cap Rate 9%
$2,194,289
$2.2M
Market Conditions
NOI Build-Up for 25,238 SF
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.
Gross rent
$363.4K $14.40/SF
− Vacancy
−$4.4K −$0.17/SF
EGI
$359.1K $14.23/SF
− OpEx
−$161.6K −$6.40/SF
NOI
$197.5K $7.82/SF
Area
Eugene, OR
Vacancy
1.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,949,720
Cap Rate 7%
$2,821,229
Cap Rate 9%
$2,194,289
Alternative Uses
Best Use
Retail
$5.23M
$4.58M – $6.11M
NOI $366,335 @ 7.0% cap · market cap 11.10%
Second Best
Apartment 5plus
$2.82M
$2.47M – $3.29M
NOI $197,486 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$7.61M
$6.66M – $8.88M
NOI $533,027 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
5,840
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic 18-unit multifamily building with occupied ground-floor retail space and recent exterior and systems improvements.
Where is this apartment building located?
The property is located at 795 Willamette St Eugene, OR.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Historic mixed‑use building with 18 multifamily units plus ground‑floor retail; Total approx. 25,238 SF, including 5,858 SF of street‑level retail occupied by established tenants; Recent capital improvements include restored windows, exterior upgrades, and system enhancements
