Duplex with
1345 11TH St, Springfield, OR 97477
For Sale
New
$299,000
MultiFamily, Springfield, OR
Property Size1,328 SF
Lot Size0.17 Acres
Price / SF$225.15
Days on Market1
Property Features for 1345 11TH St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
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
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:
Ken Martinson
(541) 954-1545
Added: Nov 6
Last Checked: Nov 6 at 8:06PM
MLS# 618616998
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex was built in 1950 and contains 1,328 square feet on a 0.17-acre lot. One side has two bedrooms and a fireplace; its tenants have occupied the unit for 14 years.
Shopping, schools, and parks are described as nearby.
Shopping, schools, and parks are described as nearby.
Key Highlights
- 1,328‑square‑foot duplex on a 0.17‑acre lot
- Built in 1950
- One unit has two bedrooms and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,038
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,760
$260.8K
Cap Rate 7%
$186,257
$186.3K
Cap Rate 9%
$144,867
$144.9K
Market Conditions
NOI Build-Up for 1,328 SF
Gross rent
$19.9K $15.00/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$18.6K $14.03/SF
− OpEx
−$5.6K −$4.21/SF
NOI
$13.0K $9.82/SF
Area
Lane County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,760
Cap Rate 7%
$186,257
Cap Rate 9%
$144,867
Alternative Uses
Best Use
Multifamily LT 5
$186.3K
$163.0K – $217.3K
NOI $13,038 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$173.4K
$151.7K – $202.3K
NOI $12,137 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$336.0K
$294.0K – $392.0K
NOI $23,518 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 97477, OR
37,602
Population
16,572
Households
2.3
Avg Household Size
39
Median Age
23%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
3,032
Density / Sq Mi
$63,574
Median Household Income
$35,645
Median Earnings
$1,176
Median Rent
$345,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Lane County, OR
Properties on Market for Duplexes in Lane County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The residentially zoned property includes a two-bedroom unit with a fireplace.
Where is this duplex located?
The property is located at 1345 11TH St Springfield, OR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,328‑square‑foot duplex on a 0.17‑acre lot; Built in 1950; One unit has two bedrooms and a fireplace
