Vintage Duplex with Private
For Sale
$475,000
805 E 29TH Ave, Eugene, OR 97405
MultiFamily, Eugene, OR
Property Size1,912 SF
Lot Size0.16 Acres
Price / SF$248.43
Days on Market15
Property Features for 805 E 29TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R 1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Elementary school
Camas Ridge
Middle school
Roosevelt
High school
South Eugene
Directions
Hilyard East on 29th
Subdivision
_243
Standard status
Active
APN
0605368
Size
1,912 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
TBD at Escrow
Tax Annual Amount
5036
Legal Description
TBD at Escrow
Utilities
Heating system
Forced Air
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Hybrid Real Estate
(541) 343-0322
Listed By:
Laura Desmond
(541) 953-3862
Added: Aug 20
Changed: Sep 2
Last Checked: Sep 3 at 1:06AM
MLS# 614107224
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.
Investment Insights
Based on property information with market context.
This duplex at 805 E 29TH Ave in Eugene contains 1,912 square feet on a 0.16-acre lot and was built in 1950. Interior character includes coved ceilings, hardwood flooring, and built-in storage. The one-bedroom unit has a private backyard, while the units share a utility and laundry room. Appliances are included, with forced-air heating and a composition roof.
The property offers off-street parking and alley access. It is near bus lines, Amazon Park, and the University of Oregon. Mature gardens and a producing apple tree add established outdoor features. The property is zoned R 1.
The property offers off-street parking and alley access. It is near bus lines, Amazon Park, and the University of Oregon. Mature gardens and a producing apple tree add established outdoor features. The property is zoned R 1.
Key Highlights
- 1,912‑square‑foot duplex on a 0.16‑acre lot
- One‑bedroom unit with its own 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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with shared laundry, off-street parking, and alley access.
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‑square‑foot duplex on a 0.16‑acre lot; One‑bedroom unit with its own private backyard; Coved ceilings, hardwood floors, and built‑in storage
