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 Market72
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
Listed By:
Mike Cook
(541) 600-9745
Source:
Worthlandrealestate
Added: Jul 31
Changed: Oct 6
Last Checked: Oct 10 at 1:35AM
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 / Yr
$19,046
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
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
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 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
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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
