Three-Bedroom
For Sale
$735,000
903 HOWARD Ave, Eugene, OR 97404
MultiFamily, Eugene, OR
Property Size2,485 SF
Lot Size0.15 Acres
Price / SF$295.77
Days on Market93
Property Features for 903 HOWARD Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GO
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 1
Elementary school
Howard
Middle school
Kelly
High school
North Eugene
Directions
North on River Rd West on Howard.
Subdivision
_247
Standard status
Active
APN
1884590
Size
2,485 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
17-04-14-32-09300
Tax Annual Amount
5727
Legal Description
17-04-14-32-09300
Utilities
Heating system
Ductless (Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
2018
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Thomas Richards Real Estate
Listed By:
Thomas Richards
(541) 521-5201
Added: Jul 16
Changed: Oct 13
Last Checked: Oct 16 at 3:06AM
MLS# 364154777
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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,485 square feet arranged as two residences, with each side offering three bedrooms and two bathrooms. Completed in 2018, the property features ductless heating, wall-unit cooling, and a composition roof. The 0.15-acre parcel is zoned GO.
The property is situated within a newer subdivision in Eugene, Oregon. Existing occupants are in place, and the listing indicates they would like to remain. The building was developed by a long-time owner and developer, with the seller identified as a licensed Oregon broker.
The property is situated within a newer subdivision in Eugene, Oregon. Existing occupants are in place, and the listing indicates they would like to remain. The building was developed by a long-time owner and developer, with the seller identified as a licensed Oregon broker.
Key Highlights
- Two‑unit property with 3 bedrooms and 2 bathrooms per side
- 2,485 square feet on a 0.15‑acre parcel
- 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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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence features a three-bedroom, two-bath layout with ductless heating and wall-unit cooling.
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 property with 3 bedrooms and 2 bathrooms per side; 2,485 square feet on a 0.15‑acre parcel; Built in 2018
