Duplex with Newer
For Sale
$579,000
4135 Forsythia St, Springfield, OR 97478
Well-maintained duplex with two units, each with 3 bedrooms and attached single-car garages; roof replaced in 2023.
Days on Market48
Property Features for 4135 Forsythia St
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Multi Family Home
Building Details
Building Size
2,966 SF
Year Built
1997
Buildings
1
Tenancy
Multi
Listing Agency:
Elevate Real Estate Group
(541) 954-0286
Listed By:
Kara Schmidt · License #200706144
(541) 954-0286
Source:
Metanars
Added: Jun 17
Changed: Jul 30
Last Checked: Aug 2 at 12:49PM
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 Elevate Real Estate Group
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious units with functional two-story layouts. Each unit features three bedrooms, 2.5 bathrooms, indoor laundry, and an attached single-car garage. The homes include private fenced backyards, and the main level in both units has LVP flooring. The property also includes approximately 1,483 square feet of living space.
Recent exterior and site improvements support ongoing occupancy. A newer roof was installed in 2023, with new fencing and new exterior paint completed in 2026.
Built in 1997, the duplex is located in northeast Springfield near shopping, schools, medical facilities, and major commuter routes, offering convenient access to daily needs.
Recent exterior and site improvements support ongoing occupancy. A newer roof was installed in 2023, with new fencing and new exterior paint completed in 2026.
Built in 1997, the duplex is located in northeast Springfield near shopping, schools, medical facilities, and major commuter routes, offering convenient access to daily needs.
Key Highlights
- Two‑unit duplex with functional two‑story floorplans
- Each unit offers three bedrooms and 2.5 bathrooms plus indoor laundry
- Approximately 1,483 SF of living space with LVP flooring on the main level
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 | $44.5k | $15.00 |
| − Vacancy | −$2.9k | −$0.98 |
| EGI | $41.6k | $14.03 |
| − OpEx | −$12.5k | −$4.21 |
| NOI | $29.1k | $9.82 |
2,966 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.3K
NOI $29,119 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$387.2K
$338.8K – $451.8K
NOI $27,107 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$750.4K
$656.6K – $875.4K
NOI $52,525 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 97478, OR
39,155
Population
15,182
Households
2.6
Avg Household Size
40
Median Age
22%
College-Educated
92%
High-School Grad
168.4 sq mi
ZIP Area
233
Density / Sq Mi
$79,051
Median Household Income
$38,508
Median Earnings
$1,314
Median Rent
$361,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two units, each with 3 bedrooms and attached single-car garages; roof replaced in 2023.
Where is this duplex located?
The property is located at 4135 Forsythia St Springfield, OR.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two‑unit duplex with functional two‑story floorplans; Each unit offers three bedrooms and 2.5 bathrooms plus indoor laundry; Approximately 1,483 SF of living space with LVP flooring on the main level
