Vintage Duplex with Private
For Sale
$475,000
Pending
805 E 29th Ave, Eugene, OR 97405
Two-unit property with shared laundry, alley access, off-street parking, and convenient proximity to transit and local destinations.
Property Size1,912 SF
Days on Market8
Property Features for 805 E 29th Ave
General Information
Standard status
Pending
Size
1,912 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
laundry room
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Hybrid Real Estate
(541) 953-3862
Listed By:
Laura Desmond
Source:
Switzerrealestategroup
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 30 at 8:19PM
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 Hybrid Real Estate
Investment Insights
Based on property information with market context.
Built in 1950, this 1,912-square-foot duplex combines period details with a flexible two-unit layout. Interior features include coved ceilings, hardwood flooring, and built-in storage. The one-bedroom unit has a separate backyard, while the property provides a shared utility and laundry room. Appliances are included.
Mature landscaping surrounds the residence, including an established apple tree that produces fruit. Off-street parking and alley access support daily functionality. The property is located near bus lines, Amazon Park, and the University of Oregon at 805 E 29th Ave in Eugene.
Mature landscaping surrounds the residence, including an established apple tree that produces fruit. Off-street parking and alley access support daily functionality. The property is located near bus lines, Amazon Park, and the University of Oregon at 805 E 29th Ave in Eugene.
Key Highlights
- 1,912 SF duplex built in 1950
- One‑bedroom unit includes a private backyard
- Coved ceilings, hardwood floors, and built‑in storage
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
$17,148
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
3.61%
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%
$342,960
$343.0K
Cap Rate 7%
$244,971
$245.0K
Cap Rate 9%
$190,533
$190.5K
Market Conditions
NOI Build-Up for 1,912 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
$24.8K $12.96/SF
− Vacancy
−$282 −$0.15/SF
EGI
$24.5K $12.81/SF
− OpEx
−$7.3K −$3.84/SF
NOI
$17.1K $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 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%
$342,960
Cap Rate 7%
$244,971
Cap Rate 9%
$190,533
Alternative Uses
Best Use
Multifamily LT 5
$245.0K
$214.4K – $285.8K
NOI $17,148 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$213.7K
$187.0K – $249.4K
NOI $14,961 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$576.9K
$504.8K – $673.0K
NOI $40,381 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
869
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with shared laundry, alley access, off-street parking, and convenient proximity to transit and local destinations.
Where is this duplex located?
The property is located at 805 E 29th Ave Eugene, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,912 SF duplex built in 1950; One‑bedroom unit includes a private backyard; Coved ceilings, hardwood floors, and built‑in storage
