Duplex with Covered
36725 Jasper Road Springfield, OR 97478
36725 Jasper Road, Springfield, OR, 97478
$350,000
For Sale
$350,000
Fixer duplex with two vacant units, each with a covered porch, on a large lot with fruit trees and grapevines.
Property Size1,264 SF
Price / SF$276.90
Days on Market126
Property Features for 36725 Jasper Road
General Information
- Standard status
- Active
- Size
- 1,264 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1934
Listing agency
Coldwell Banker Professional Group
(541) 359-5585
Listed by
Priscila Sanchez · License #201242348
(541) 359-5585
Source
Compass
Added: Mar 19 Updated: Jul 22 at 1:58AM Checked: Jul 22 at 1:58AM
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 Coldwell Banker Professional Group
Investment Insights
Based on property information with market context.
This fixer duplex features two residential units, both currently vacant and ready for renovation. The larger unit offers 2 bedrooms and 1 bathroom (approximately 832 SF), and the second unit offers 1 bedroom and 1 bathroom (approximately 432 SF). Each unit includes its own covered porch, providing covered outdoor space at the front of the home.
The property is located in Jasper, Oregon, across from the Jasper Bridge and the Willamette River, and just steps from the historic Jasper Store. The lot is described as large and open, with established fruit trees and grapevines, offering room to garden or enhance the outdoor setting. The listing also notes convenient rural access to Eugene and Springfield.
Ideal for investors or buyers looking to add value, the layout supports living in one unit while renting the other during/after renovation.
The property is located in Jasper, Oregon, across from the Jasper Bridge and the Willamette River, and just steps from the historic Jasper Store. The lot is described as large and open, with established fruit trees and grapevines, offering room to garden or enhance the outdoor setting. The listing also notes convenient rural access to Eugene and Springfield.
Ideal for investors or buyers looking to add value, the layout supports living in one unit while renting the other during/after renovation.
Key Highlights
- Fixer duplex in Jasper, Oregon with 2 units: 2 bed/1 bath (~832 SF) and 1 bed/1 bath (~432 SF)
- Both units are currently vacant and ready for renovation
- Riverfront setting on the Willamette River (river front; seasonal) near the Jasper Bridge
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 | $19.0k | $15.00 |
| − Vacancy | −$1.2k | −$0.98 |
| EGI | $17.7k | $14.03 |
| − OpEx | −$5.3k | −$4.21 |
| NOI | $12.4k | $9.82 |
1,264 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$177.3K
$155.1K – $206.8K
NOI $12,409 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$165.0K
$144.4K – $192.5K
NOI $11,552 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$319.8K
$279.8K – $373.1K
NOI $22,384 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fixer duplex with two vacant units, each with a covered porch, on a large lot with fruit trees and grapevines.
Where is this duplex located?
The property is located at 36725 Jasper Road Springfield, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fixer duplex in Jasper, Oregon with 2 units: 2 bed/1 bath (~832 SF) and 1 bed/1 bath (~432 SF); Both units are currently vacant and ready for renovation; Riverfront setting on the Willamette River (river front; seasonal) near the Jasper Bridge
