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About this home
$359,000. Great investment opportunity with this Jefferson Westside/Whiteaker Neighborhood duplex. Each unit offers 2 bedrooms and 1 full bathroom. The main level unit has a fireplace, coved ceilings, and a covered front porch. Do not disturb tenants. Total monthly rent for the 577 Madison duplex is: $2850/mo. Price improvement. Here's an opportunity for a well priced investment in Eugene, Oregon.
Whiteaker, located between the Willamette River and downtown Eugene, is a historic and industrial Eugene neighborhood with warehouse-era streetscapes and a strong maker-culture streak. The neighborhood’s character concentrates around Blair Boulevard near 1st Avenue, where taprooms, food carts, murals, and small studios line the corridor. Community pillars include Ninkasi Brewing Company, Sam Bond’s Garage, and the WOW Hall. Early-1900s cottages mix with converted light-industrial buildings and live-work spaces. The flat grid and river-adjacent paths shape a bike-forward, walkable rhythm. Pocket parks and the nearby riverfront add breathing room between busy blocks.
Provided by Walk Score and Local Logic
Market insights
577 Madison St · $359,000
DAYS ON MARKET
161 days
The average home goes pending in 129 days.
SALE-TO-LIST
104.5%
Most homes are selling 5% above list price.
LIST PRICE
$359,000
Median list price in this area is $564,128. (57% higher than this home)
PRICE DROP
3 price drops
18% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Basement with storage space and unfinished area
Storage in basement
Updated/remodeled condition
Bedrooms
Two 2-bedroom units
Bathrooms
Each unit has 1 bathroom
Kitchen
Unit 1 includes range and refrigerator
Unit 2 appliances not specified
Laundry & utility
Unit 1 includes washer and dryer
Electric hot water
Heating & cooling
Mini split heating
Heat pump cooling
Exterior features
Lap siding exterior
Corner lot
Home design
Multi-family property
Not attached
Built in 1918
Updated/remodeled
Parking
On-street parking
Construction
Composition roof
Utilities
Public water
Public sewer
Electricity service
Financial info
Two-unit investment property
Unit 1 current rent $1,525
Unit 2 current rent $1,325
CAP rate 8.58
Gross rent multiplier 10.79
Other
Zoned C2
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Lane County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Dec 14, 2022.
C-2
Community Commercial Zone
The C-2 Community Commercial zone is designed to implement the comprehensive plan by providing areas for community commercial uses. These areas usually include at least 5 acres and not more than 40 acres, and are intended to include a wide range of purchaser goods and entertainment, office, and service needs for a support population smaller than that of the metropolitan area but larger than that of a neighborhood. Housing is also permitted in this zone, which may occur independently on individual lots or parcels, or be located in clusters that share parking facilities and other common areas.
Permitted uses
Include but are not limited to:
Gas station
Bank
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Housing-Senior
Manufacturing
Hotel / motel
Office
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
13 unhealthy days expected this year, 15 days in 30 years
Provided by First Street
Historical weather
Eugene, OR • 97402
Average low and high temperatures (°F)
47
33
51
37
59
41
65
43
71
48
79
52
87
56
87
59
79
54
66
45
54
42
50
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 14% for direct sun exposure in Eugene. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 577 Madison St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $350,000 and $540,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $350K to $540K.