Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2055 Willamette St Eugene, OR 97405

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime location, 12-bed potential.

    Property size:
    4,804 SF

    Property Features for 2055 Willamette St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,804 SF

    Building Details

    Units
    4

    We can help!

    Listing Contact
    Abby Hyland
    Abby Hyland

    Listing Agency: Campbell Commercial Real Estate Listing Agent: Abby Hyland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional South Eugene property presents a compelling redevelopment opportunity. The 0.36-acre lot (16,000 sq ft) currently features three structures totaling 4,804 square feet and four residential units with twelve bedrooms. The property is zoned R-3 (Medium Density Residential), allowing for diverse development options, including townhouses, duplexes, or a multi-story apartment building. Its strategic location offers unparalleled convenience, situated adjacent to the new Civic Park and Kidsports Facilities, within walking distance of Downtown Eugene and the University of Oregon. Proximity to public transportation, grocery stores, restaurants, and other amenities further enhances its appeal. The asking price is $1,315,000. This presents a strong investment opportunity in a highly sought-after area, offering significant potential for future growth and returns. On-site parking is available. The property is for sale by owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dormitories

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.0917
    Latitude
    44.0373326

    Nearby Similar for Sale

    • $599,900
      2,682 SF

      Two Homes, One Lot

      Dual-home setup with rental income and development potential.
      1445 W 11Th Ave, Eugene, OR 97402
      View Details
    • $640,000
      2,656 SF

      Remodeled Duplex on Corner Lot

      Updated duplex with strong income potential in Eugene, Oregon.
      2090 Minnesota St, Eugene, OR 97401
      View Details
    • New
      $399,000
      2,218 SF

      Eugene Duplex: Investment Opportunity

      Jefferson Westside/Whiteaker neighborhood duplex with high walk score.
      561 Madison St, Eugene, OR 97402
      View Details
    • New
      $750,000
      3,792 SF

      Eugene Multifamily Investment Opportunity

      Four units near downtown Eugene with strong rental income.
      561 Madison St, Eugene, OR 97402
      View Details
    • $725,500
      2,708 SF

      Corner-Lot Duplex in Lake Shore

      Duplex with flexible living options in gated community.
      2063 Lake Wind Dr, Eugene, OR 97408
      View Details
    • New
      $560,000
      2,000 SF

      Well-Maintained Duplex with Large Yards

      Eugene duplex with great tenants and large yards.
      172 Norman Ave, Eugene, OR 97404
      View Details
    • New
      $399,900
      1,662 SF

      West Eugene Duplex with Upgrades

      Two-unit property with recent upgrades in West Eugene neighborhood.
      465 Davis St, Eugene, OR 97402
      View Details
    • $620,000
      2,256 SF

      Duplex in Gated Community

      Well-maintained duplex with income potential in Lake Shore Estates.
      1880 Lake Cove Ave, Eugene, OR 97408
      View Details
    • New
      $599,000
      2,400 SF

      South Hills Duplex Opportunity

      Well-maintained duplex in Eugene's South Hills with versatile living options.
      1210 E 38Th Ave, Eugene, OR 97405
      View Details
    • New
      $399,000
      0.10 Acres

      Eugene Duplex: Investment Opportunity

      Duplex in Jefferson Westside/Whiteaker Neighborhood. Great investment opportunity.
      577 Madison St, Eugene, OR 97402
      View Details
    • $599,000
      2,560 SF

      Eugene Duplex with Sauna Room

      Duplex near South Eugene High School with solid tenant history.
      3790 Onyx St, Eugene, OR 97405
      View Details
    • New
      $559,900
      0.20 Acres

      Remodeled Duplex with ADU Potential

      Completely remodeled duplex with ADU, ideal for investment.
      1682 Hemlock St, Eugene, OR 97404
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime location, 12-bed potential.
    Where is this multifamily property located?
    The property is located at 2055 Willamette St Eugene, OR.
    What is the asking price?
    The asking price for this property is $1,315,000.
    What are key features of this property?
    This property features: South Eugene development site, ideal for residential investment.; 16,000 square foot lot.; Medium-density residential zoning.
    (541) 556-4813 Call to check price and availability
    Request Owner's contact information
    2055 Willamette St Eugene, OR 97405
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2055 Willamette St
    Eugene, OR 97405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2055 Willamette St Eugene, OR 97405
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Abby Hyland
    Abby Hyland
    Real Estate License ID: 201256624
    (541) 556-4813 (541) 484-2214
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!