Duplex with Shared
963 MADISON St, Eugene, OR 97402
For Sale
$479,000
MultiFamily, Eugene, OR
Property Size2,174 SF
Lot Size0.13 Acres
Price / SF$220.33
Days on Market99
Property Features for 963 MADISON St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
View
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Amenities
shared front patio area
back patio space
W/D hookups
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Windermere RE Lane County · Windermere Real Estate
(541) 484-2022
Listed By:
David Baslaw · License OR #200611115
(541) 868-4777
Added: Aug 4
Changed: Nov 10
Last Checked: Nov 10 at 10:06PM
MLS# 403090833
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 2,174-square-foot duplex on a 0.13-acre lot contains two residential units, each arranged with two bedrooms and one bathroom. One unit also includes partially finished attic space. Both residences have washer and dryer hookups, while the property provides front shared patio space and an additional rear patio area.
Constructed in 1920, the building uses zoned baseboard heating and has a shingle and composition roof. The property is located at 963 Madison St in Eugene, Oregon, with S-JW zoning. One residence is vacant, while the other is occupied; the source information indicates the vacant unit is intended to be rented at the advertised terms unless otherwise negotiated.
Constructed in 1920, the building uses zoned baseboard heating and has a shingle and composition roof. The property is located at 963 Madison St in Eugene, Oregon, with S-JW zoning. One residence is vacant, while the other is occupied; the source information indicates the vacant unit is intended to be rented at the advertised terms unless otherwise negotiated.
Key Highlights
- 2,174‑square‑foot duplex on a 0.13‑acre lot
- Two units, each with 2 bedrooms and 1 bathroom
- Partially finished attic space in one residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,498
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,960
$390.0K
Cap Rate 7%
$278,543
$278.5K
Cap Rate 9%
$216,644
$216.6K
Market Conditions
NOI Build-Up for 2,174 SF
Gross rent
$28.2K $12.96/SF
− Vacancy
−$321 −$0.15/SF
EGI
$27.9K $12.81/SF
− OpEx
−$8.4K −$3.84/SF
NOI
$19.5K $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%
$389,960
Cap Rate 7%
$278,543
Cap Rate 9%
$216,644
Alternative Uses
Best Use
Multifamily LT 5
$278.5K
$243.7K – $325.0K
NOI $19,498 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$243.0K
$212.6K – $283.5K
NOI $17,011 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$655.9K
$573.9K – $765.3K
NOI $45,915 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,140
Businesses Nearby
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Business Placement
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Eugene, OR
Properties on Market for Duplexes in Eugene
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include washer and dryer hookups, patio areas, and separate two-bedroom layouts.
Where is this duplex located?
The property is located at 963 MADISON St Eugene, OR.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 2,174‑square‑foot duplex on a 0.13‑acre lot; Two units, each with 2 bedrooms and 1 bathroom; Partially finished attic space in one residence
