Fully Updated
236-238 South 35th Street Springfield, OR 97478
236-238 South 35th Street, Springfield, OR, 97478
$545,000
For Sale
$545,000
Two updated units each offer two bedrooms, updated baths, custom kitchens, and multiple interior and exterior improvements.
Property Size1,648 SF
Price / SF$330.70
Days on Market83
Property Features for 236-238 South 35th Street
General Information
- Standard status
- Active
- Size
- 1,648 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing agency
Keller Williams Realty Eugene and Springfield
(541) 653-7407
Listed by
A.D. Smith · License #200608328
(541) 653-7407
Source
Compass
Added: Apr 30 Updated: Jul 21 at 3:48AM Checked: Jul 21 at 3:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Eugene and Springfield
Investment Insights
Based on property information with market context.
This fully updated duplex features two separate units, each with a spacious living room with a fireplace, two bedrooms, updated bathrooms, and a custom kitchen. The kitchens include newly installed cabinets, quartz counters, and stainless appliances. Recent interior improvements include updated electrical, new fixtures, new windows, and newly installed LVP flooring throughout.
Set on a cul-de-sac in Springfield, the property also offers exterior upgrades designed for day-to-day livability. Each side includes an XL backyard with newer fencing, recently poured back patios, and fresh exterior paint.
The configuration provides clear separation between two residences while maintaining consistent finishes and upgrades across both units, making the property well-suited for owner-occupancy or investment use.
Set on a cul-de-sac in Springfield, the property also offers exterior upgrades designed for day-to-day livability. Each side includes an XL backyard with newer fencing, recently poured back patios, and fresh exterior paint.
The configuration provides clear separation between two residences while maintaining consistent finishes and upgrades across both units, making the property well-suited for owner-occupancy or investment use.
Key Highlights
- Fully updated 1‑story duplex built in 1973, located on a cul‑de‑sac in Springfield
- Each unit offers 2 bedrooms with updated bathrooms and a custom kitchen
- Kitchens include just installed cabinets, quartz counters, and stainless appliances
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 | $24.7k | $15.00 |
| − Vacancy | −$1.6k | −$0.98 |
| EGI | $23.1k | $14.03 |
| − OpEx | −$6.9k | −$4.21 |
| NOI | $16.2k | $9.82 |
1,648 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.1K
$202.2K – $269.7K
NOI $16,179 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$215.2K
$188.3K – $251.0K
NOI $15,062 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$416.9K
$364.8K – $486.4K
NOI $29,185 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated units each offer two bedrooms, updated baths, custom kitchens, and multiple interior and exterior improvements.
Where is this duplex located?
The property is located at 236-238 South 35th Street Springfield, OR.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Fully updated 1‑story duplex built in 1973, located on a cul‑de‑sac in Springfield; Each unit offers 2 bedrooms with updated bathrooms and a custom kitchen; Kitchens include just installed cabinets, quartz counters, and stainless appliances
