Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    361 14Th Ave Eugene, OR 97401
    Property profile & analytics

    361 14Th Ave, Eugene, OR 97401

    View on Map
    • Commercial real estate
    • 8,884 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US71-0742779
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 361 14Th Ave

    Year built
    1951
    Lot size
    0.26 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 20-unit apartment building in Eugene, Oregon presents a compelling investment opportunity. Located at 361 E 14th Ave, this three-story, 8,884 square foot property sits on a 0.26-acre lot and is zoned R-4. Built in 1951, the Selma Apartments currently boasts a fully leased occupancy with a mix of unit types: four studios, seven one-bedroom, and nine two-bedroom units, totaling 29 bedrooms. The property benefits from on-site laundry and parking, and features recently updated exterior paint. Its prime location, just three blocks from the University of Oregon campus, ensures high demand. Currently operating with 20% of rents below market value, a significant increase in profitability is projected. Financial projections indicate a Net Operating Income (at market rents) of $171,634, resulting in a 6.36% capitalization rate. This property is offered at $2,700,000 and is suitable for a 1031 exchange. The strong cash flow potential, coupled with the desirable location and recent improvements, makes this a truly attractive investment. The property's well-maintained landscaping and convenient amenities further enhance its appeal to tenants. This is a rare opportunity to acquire a stable, high-performing multifamily asset in a thriving university town.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.0872155
    Latitude
    44.0446953

    Comparable in this City

    • $325,000
      Pending

      Development Opportunity in Downtown Eugene

      Land with potential for apartment or SRO complex development.
      490 West 4Th Ave, Eugene, OR 97401
      View Details
    • Contact for pricing
      6,130 SF

      Eugene Investment Property For Sale

      Residential and retail investment property near the University of Oregon.
      304 E 13Th Ave, Eugene, OR 97401
      View Details
    • $385,000

      Tri-Level Condo Near University of Oregon

      Spacious tri-level condo with designer potential near University of Oregon.
      974 Lincoln St, Eugene, OR 97401
      View Details
    • $525,000
      1,820 SF

      Eugene Duplex: Updated Investment Opportunity

      Updated duplex near Ferry Street Bridge, ideal for investors/owner-occupiers.
      1008 Coburg Rd, Eugene, OR 97401
      View Details
    • $529,900

      Residential Land in Eugene, Oregon

      Last available level lot in Orchard Gardens subdivision.
      Sprig Ln, Eugene, OR 97401
      View Details
    • Contact for pricing

      Eugene River District Retail Opportunity

      Commercial and retail spaces available in the Eugene River District.
      Mill St, Eugene, OR 97401
      View Details

    Similar Nearby for Sale

    • $325,000
      Pending

      Development Opportunity in Downtown Eugene

      Land with potential for apartment or SRO complex development.
      490 West 4Th Ave, Eugene, OR 97401
      View Details
    • Contact for pricing
      6,130 SF

      Eugene Investment Property For Sale

      Residential and retail investment property near the University of Oregon.
      304 E 13Th Ave, Eugene, OR 97401
      View Details
    • $385,000

      Tri-Level Condo Near University of Oregon

      Spacious tri-level condo with designer potential near University of Oregon.
      974 Lincoln St, Eugene, OR 97401
      View Details
    • $525,000
      1,820 SF

      Eugene Duplex: Updated Investment Opportunity

      Updated duplex near Ferry Street Bridge, ideal for investors/owner-occupiers.
      1008 Coburg Rd, Eugene, OR 97401
      View Details
    • $529,900

      Residential Land in Eugene, Oregon

      Last available level lot in Orchard Gardens subdivision.
      Sprig Ln, Eugene, OR 97401
      View Details
    • Contact for pricing

      Eugene River District Retail Opportunity

      Commercial and retail spaces available in the Eugene River District.
      Mill St, Eugene, OR 97401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available Near Valley River

      Commercial land for lease near Valley River Center.
      1003 Valley River Way, Eugene, OR 97401
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and Class A office space for lease.
      545 East 8Th Ave, Eugene, OR 97401
      View Details
    • Contact for pricing
      3,600 SF

      Midtown Office Space For Rent

      3,600 SF office space in Midtown Eugene.
      1530-1550 Oak St, Eugene, OR 97401
      View Details
    • Contact for pricing
      1,883 SF

      Eugene Office Space For Rent

      Office space available for lease in Eugene, Oregon.
      1011 Valley River Way, Eugene, OR 97401
      View Details
    • Contact for pricing
      943 SF

      Eugene Office Space For Rent

      943 square foot office space available for rent.
      1400 Executive Pkwy, Eugene, OR 97401
      View Details
    • Contact for pricing

      Retail Space Near Valley River

      High-visibility retail space near Valley River Center Regional Mall.
      1011-1069 Valley River Way, Eugene, OR 97401
      View Details
    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.
    361 14Th Ave
    Eugene, OR 97401
    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

    Thank You for Inquiry
    361 14Th Ave, Eugene, OR, 97401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!