Two-Unit
For Sale
$735,000
903 Howard Ave, Eugene, OR 97404
Well-maintained duplex with matching three-bedroom, two-bath residences in a newer subdivision.
Property Size2,485 SF
Price / SF$295.77
Days on Market91
Property Features for 903 Howard Ave
General Information
Standard status
Active
Size
2,485 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
low deferred maintenance
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2018
Listing Agency:
Thomas Richards Real Estate
Listed By:
Thomas Richards
(541) 521-5201
Source:
Veraanneinternational
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 7 at 4:14PM
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
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Investment Insights
Based on property information with market context.
Completed in 2018, this duplex contains two residences with a combined 2,485 square feet. Each side offers three bedrooms and two bathrooms, creating a consistent layout across both units. The relatively recent construction supports a current residential configuration with limited age-related maintenance concerns stated in the property information.
The property is located at 903 Howard Ave in Eugene, Oregon, within a newer subdivision. Existing tenants have expressed interest in remaining, providing established occupancy continuity for a future owner.
The property is located at 903 Howard Ave in Eugene, Oregon, within a newer subdivision. Existing tenants have expressed interest in remaining, providing established occupancy continuity for a future owner.
Key Highlights
- Two‑unit duplex with 2,485 square feet
- Each unit has 3 bedrooms and 2 bathrooms
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,287
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,740
$445.7K
Cap Rate 7%
$318,386
$318.4K
Cap Rate 9%
$247,633
$247.6K
Market Conditions
NOI Build-Up for 2,485 SF
Gross rent
$32.2K $12.96/SF
− Vacancy
−$367 −$0.15/SF
EGI
$31.8K $12.81/SF
− OpEx
−$9.6K −$3.84/SF
NOI
$22.3K $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%
$445,740
Cap Rate 7%
$318,386
Cap Rate 9%
$247,633
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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with matching three-bedroom, two-bath residences in a newer subdivision.
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: Two‑unit duplex with 2,485 square feet; Each unit has 3 bedrooms and 2 bathrooms; Built in 2018
