Duplex With Two 3BR/2BA
For Sale
$735,000
903 Howard Ave, Eugene, OR 97404
Duplex built in 2018 offering two 3-bedroom, 2-bath residences per side.
Days on Market19
Property Features for 903 Howard Ave
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Building Size
2,485 SF
Year Built
2018
Buildings
1
Tenancy
Multi
Listing Agency:
Thomas Richards Real Estate
(541) 521-5201
Listed By:
Thomas Richards
(541) 521-5201
Source:
Metanars
Added: Jul 16
Changed: Jul 29
Last Checked: Aug 2 at 1:24PM
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 Thomas Richards Real Estate
Investment Insights
Based on property information with market context.
This duplex includes two separate 3-bedroom, 2-bath residences, one on each side. Built in 2018, the property is positioned for lower deferred maintenance. The duplex is set up as a straightforward residential income asset with current tenants in place.
The property is located in a newer subdivision. Seller notes that viewing is only available with an accepted offer and a pre-qualification letter.
For an owner-occupant or investor, the unit-by-unit layout supports flexible living arrangements while maintaining the convenience of a duplex configuration.
The property is located in a newer subdivision. Seller notes that viewing is only available with an accepted offer and a pre-qualification letter.
For an owner-occupant or investor, the unit-by-unit layout supports flexible living arrangements while maintaining the convenience of a duplex configuration.
Key Highlights
- Duplex built in 2018 with two residences, each offering 3 bedrooms and 2 bathrooms
- Year built 2018, providing newer construction and potentially lower deferred maintenance
- Built in a newer subdivision
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 | $32.2k | $12.96 |
| − Vacancy | −$367 | −$0.15 |
| EGI | $31.8k | $12.81 |
| − OpEx | −$9.6k | −$3.84 |
| NOI | $22.3k | $8.97 |
2,485 SF · lease $12.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.4K
$278.6K – $371.5K
NOI $22,287 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$277.8K
$243.1K – $324.1K
NOI $19,445 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$749.8K
$656.0K – $874.7K
NOI $52,483 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 97404, OR
34,345
Population
13,823
Households
2.5
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$80,355
Median Household Income
$41,184
Median Earnings
$1,408
Median Rent
$397,700
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 - Duplex built in 2018 offering two 3-bedroom, 2-bath residences per side.
Where is this duplex located?
The property is located at 903 Howard Ave Eugene, OR.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Duplex built in 2018 with two residences, each offering 3 bedrooms and 2 bathrooms; Year built 2018, providing newer construction and potentially lower deferred maintenance; Built in a newer subdivision
