Brand-New Duplex with
231 S 41ST Pl Springfield, OR 97478
231 S 41ST Pl, Springfield, OR, 97478
$650,000
For Sale
$650,000
MULTI_FAMILY - Springfield, OR
Property Size2,680 SF
Lot Size0.17 Acres
Price / SF$242.54
Days on Market100
Property Features for 231 S 41ST Pl
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R2
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3
- Standard status
- Active
- APN
- 1836475
- Size
- 2,680 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- 17-02-32-33-10300
- Tax Annual Amount
- 927
Utilities
- Heating system
- Ductless (Heating)
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing Agency
Elite Realty Professionals
(541) 484-6000
2725 Delta Oaks Dr, Eugene, OR
Listed by
Jamie Paddock · License #200703411
(541) 484-6000
Added: Apr 9 Checked: Jul 17 at 6:06 pm
MLS# 268522733
Listing URL
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.
New duplex in Springfield, Oregon with two attached units, each featuring an open floorplan. Each side includes three bedrooms, 2.5 bathrooms, and a garage, with the primary bedroom on the main level and two additional bedrooms upstairs. Interior finishes noted in the listing include stainless steel appliances, quartz countertops, and luxury vinyl plank with wall-to-wall carpet in the bedrooms.
Additional practical features include washer and dryer hookups, a covered deck, and a fenced backyard area for each unit. The property is offered for sale under R2 zoning.
Lot size is listed as 0.17 acres, and the overall property size is 2,680 square feet.
Additional practical features include washer and dryer hookups, a covered deck, and a fenced backyard area for each unit. The property is offered for sale under R2 zoning.
Lot size is listed as 0.17 acres, and the overall property size is 2,680 square feet.
Key Highlights
- Brand‑new duplex under construction with YearBuilt 2026 (heating: ductless)
- Each side offers an open floorplan with 3 bedrooms and 2.5 bathrooms plus a garage
- Modern finishes include stainless steel appliances and quartz countertops
Local 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 | $40.2k | $15.00 |
| − Vacancy | −$2.6k | −$0.98 |
| EGI | $37.6k | $14.03 |
| − OpEx | −$11.3k | −$4.21 |
| NOI | $26.3k | $9.82 |
2,680 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.9K
$328.9K – $438.5K
NOI $26,311 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$349.9K
$306.2K – $408.2K
NOI $24,493 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$678.0K
$593.3K – $791.0K
NOI $47,460 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Each side offers an open 3-bedroom, 2.5-bath layout with a garage, plus washer/dryer hookups.
Where is this duplex located?
The property is located at 231 S 41ST Pl Springfield, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Brand‑new duplex under construction with YearBuilt 2026 (heating: ductless); Each side offers an open floorplan with 3 bedrooms and 2.5 bathrooms plus a garage; Modern finishes include stainless steel appliances and quartz countertops
