Duplex with Park
For Sale
$479,000
30 T ST, Springfield, OR 97477
One residence is ready for occupancy while the companion unit supports rental income.
Property Size1,940 SF
Days on Market8
Property Features for 30 T ST
General Information
Standard status
Active
Size
1,940 SF
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,711
Building Details
Building Size
1,940 SF
Year Built
1971
Listing Agency:
RE/MAX Integrity
(541) 600-9745
Listed By:
Mike Cook
(541) 600-9745
Source:
Worthlandrealestate
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 6 at 3:52AM
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 RE/MAX Integrity
Investment Insights
Based on property information with market context.
This duplex, built in 1971, includes a vacant residence identified as Unit 30 and a second unit that provides rental income. The available unit is described as move-in ready, offering flexibility for an owner-occupant or a new tenant.
The property backs directly to Pacific Park in Springfield, Oregon, with shopping, restaurants, schools, and everyday amenities nearby. Its residential income configuration combines an immediately available unit with a second unit already contributing rental income.
The property backs directly to Pacific Park in Springfield, Oregon, with shopping, restaurants, schools, and everyday amenities nearby. Its residential income configuration combines an immediately available unit with a second unit already contributing rental income.
Key Highlights
- Duplex built in 1971
- Unit 30 is vacant and move‑in ready
- Second unit provides immediate rental income
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$380,920
$380.9K
Cap Rate 7%
$272,086
$272.1K
Cap Rate 9%
$211,622
$211.6K
Market Conditions
NOI Build-Up for 1,940 SF
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.
Gross rent
$29.1K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$27.2K $14.03/SF
− OpEx
−$8.2K −$4.21/SF
NOI
$19.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$380,920
Cap Rate 7%
$272,086
Cap Rate 9%
$211,622
Alternative Uses
Best Use
Multifamily LT 5
$272.1K
$238.1K – $317.4K
NOI $19,046 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$253.3K
$221.6K – $295.5K
NOI $17,730 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$490.8K
$429.5K – $572.6K
NOI $34,356 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
640
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
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 - One residence is ready for occupancy while the companion unit supports rental income.
Where is this duplex located?
The property is located at 30 T ST Springfield, OR.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Duplex built in 1971; Unit 30 is vacant and move‑in ready; Second unit provides immediate rental income
