Duplex With Medium Density
For Sale
$524,900
215 SMITH Loop, Springfield, OR 97478
MULTI_FAMILY - Springfield, OR
Property Size2,268 SF
Lot Size0.14 Acres
Price / SF$231.44
Days on Market94
Property Features for 215 SMITH Loop
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MD
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Elementary school
Riverbend
Middle school
Agnes Stewart
High school
Thurston
Directions
43rd St
Subdivision
_249
Standard status
Active
APN
1286572
Size
2,268 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
FISHERS PLAT, Sec/Twn/Rng/Mer: SEC 32 TWN 17 RNG 02
Tax Annual Amount
4481
Legal Description
FISHERS PLAT, Sec/Twn/Rng/Mer: SEC 32 TWN 17 RNG 02
Building Details
Year built
1993
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Daniel Gandee · License #201235300
(458) 209-0163
Added: May 1
Changed: Aug 2
Last Checked: Aug 2 at 2:06PM
MLS# 353491641
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.
Investment Insights
Based on property information with market context.
This duplex features approximately 2,268 square feet of total living space across two units. Each side offers a spacious three-bedroom, 1.5-bathroom layout, and the property sits on a 0.14-acre lot. Built in 1993, the home has a shingle roof and is zoned MD (Medium Density Residential).
One side is vacant while the other is tenant-occupied. Recent upgrades include brand-new siding, windows, and sliding doors, along with a roof that is reported to be about 4–5 years old. The property also has new mini-split heating and AC systems to support tenant comfort.
The combination of a duplex configuration, medium density zoning, and documented exterior and mechanical updates makes this a practical option for owner-occupants and landlords looking for a two-unit asset.
One side is vacant while the other is tenant-occupied. Recent upgrades include brand-new siding, windows, and sliding doors, along with a roof that is reported to be about 4–5 years old. The property also has new mini-split heating and AC systems to support tenant comfort.
The combination of a duplex configuration, medium density zoning, and documented exterior and mechanical updates makes this a practical option for owner-occupants and landlords looking for a two-unit asset.
Key Highlights
- Duplex with two units and approximately 2,268 SF total living space
- Each side offers a 3‑bedroom and 1.5‑bathroom layout
- Zoned MD (Medium Density Residential)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.0k | $15.00 |
| − Vacancy | −$2.2k | −$0.98 |
| EGI | $31.8k | $14.03 |
| − OpEx | −$9.5k | −$4.21 |
| NOI | $22.3k | $9.82 |
2,268 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.3K – $371.1K
NOI $22,266 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$296.1K
$259.1K – $345.5K
NOI $20,728 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$573.8K
$502.1K – $669.4K
NOI $40,164 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 97478, OR
39,155
Population
15,182
Households
2.6
Avg Household Size
40
Median Age
22%
College-Educated
92%
High-School Grad
168.4 sq mi
ZIP Area
233
Density / Sq Mi
$79,051
Median Household Income
$38,508
Median Earnings
$1,314
Median Rent
$361,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex built in 1993 with medium density (MD) zoning, updated exterior and new mini-split heating and AC systems.
Where is this duplex located?
The property is located at 215 SMITH Loop Springfield, OR.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Duplex with two units and approximately 2,268 SF total living space; Each side offers a 3‑bedroom and 1.5‑bathroom layout; Zoned MD (Medium Density Residential)
