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

    974 LINCOLN ST Eugene, OR 97401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $385,000

    Spacious tri-level condo with designer potential near University of Oregon.

    Type:Condominium
    Added:
    Aug 1, 2025
    Days on Market:
    265
    Last Refresh:
    Apr 5 at 10:04 pm

    Property Features for 974 LINCOLN ST

    General Information

    Standard status
    Active
    Property subtype
    Condominium

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Lindsay Sholian
    Lindsay Sholian

    Listing agent Lindsay Sholian License #201204648

    Listing office Keller Williams Realty Eugene & Springfield

    Listing date Aug 1, 2025

    Source Kw

    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 Keller Williams Realty Eugene & Springfield

    Overview

    Tri-Level Condo Near University of Oregon

    This tri-level condo, designed by Unthank, Ceder & Poticha, offers a blend of urban living and architectural design. The unit features original finishes, presenting an opportunity for customization. Natural cork flooring, expansive windows, and an open-concept layout connect the kitchen, dining, and living areas. A wood-burning fireplace adds character. The condo includes two private decks. All bedrooms feature custom built-in shelving and ample closet space. In-unit laundry and storage are available. The property is located near the University of Oregon, the Eugene Public Library, and downtown. Residents have access to two secured underground parking spaces and secure bike storage within a gated community. The inner courtyard offers landscaping and water features.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Hair Salon Nail Salon Spa & Massage Center Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.098
    Latitude
    44.0492

    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
    • $550,000

      Turnkey Cultivation Facility in Eugene

      8100 SF OLCC-licensed indoor cultivation facility for sale.
      620 Seneca Road, Eugene, OR 97402
      View Details
    • $560,000
      2,480 SF

      Updated Duplex in Eugene, Oregon

      Updated duplex near West University and Friendly neighborhoods.
      623 W 18TH Ave, Eugene, OR 97402
      View Details
    • $549,000
      2,208 SF

      Eugene Duplex Near UofO Campus

      Rare duplex near UofO, ideal for investors or owner-occupants.
      1826 MILL St, Eugene, OR 97401
      View Details
    • $549,900

      Remodeled Home with ADU Potential

      Completely remodeled home with a separate ADU for rental income.
      1682 HEMLOCK St, Eugene, OR 97404
      View Details
    • $995,000

      Eugene Multifamily Investment Opportunity

      Six-unit apartment building in the Jefferson Westside Whiteaker neighborhood.
      527 MONROE 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
    • $1,500,000
      4,541 SF

      Two Homes on Park-Like Acre

      Two homes on one acre, ideal for multi-generational living.
      2011 RIVER LOOP 1, Eugene, OR 97404
      View Details
    • $125,000

      Turnkey Marijuana Production Facility

      High-performance indoor marijuana production business in Eugene, Oregon.
      Eugene, OR 97405
      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
    • $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
    • $5,500,000
      8,533 SF

      Retail Opportunity Near OR-569

      Retail property for sale near high school and transit station.
      175-195 Silver Ln | Eugene, OR 97404, OR 97404
      View Details

    FAQs

    What type of property is this?
    Apartment building - Spacious tri-level condo with designer potential near University of Oregon.
    Where is this apartment building located?
    The property is located at 974 LINCOLN ST Eugene, OR.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Prime location near the University of Oregon, Eugene Public Library, and downtown.; Spacious tri‑level condo with open‑concept layout and abundant natural light.; Two secured underground parking spaces and secure bike storage.
    (541) 431-6480
    We can help!
    Listing Contact
    Lindsay Sholian
    Lindsay Sholian
    Real Estate License ID: 201204648
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!