Duplex with New Metal
421-425 South 58th Street Springfield, OR 97478
For Sale
$480,000
Duplex features a new 50-year metal roof and includes washer/dryer hookups in the garage with ample storage.
Property Size2,520 SF
Price / SF$190.48
Days on Market183
Property Features for 421-425 South 58th Street
General Information
- Standard status
- Active
- Size
- 2,520 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1998
Listing Agency:
Keystone Real Estate
(541) 521-0610
Listed By:
Stephen Nielsen · License #201206554
(541) 521-0610
Source:
Compass
Added: Jan 23
Changed: Jul 23
Last Checked: Jul 24 at 1:56PM
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 Keystone Real Estate
Investment Insights
Based on property information with market context.
This duplex includes recent interior and exterior updates, with new vinyl luxury plank flooring on the 421 side and a newly installed 50-year metal roof. Each unit offers practical in-home convenience, including washer and dryer hookups in the garage, along with lots of storage for resident organization.
The property is positioned near a bus line, stores, and Highway 126 (Bob Staub Highway), supporting everyday accessibility.
Overall, the layout and updates make this a straightforward residential income property with meaningful upgrades already in place.
The property is positioned near a bus line, stores, and Highway 126 (Bob Staub Highway), supporting everyday accessibility.
Overall, the layout and updates make this a straightforward residential income property with meaningful upgrades already in place.
Key Highlights
- New 50‑year metal roof
- Duplex with 2 stories and concrete perimeter foundation
- Vinyl siding exterior and metal roof
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 | $37.8k | $15.00 |
| − Vacancy | −$2.5k | −$0.98 |
| EGI | $35.3k | $14.03 |
| − OpEx | −$10.6k | −$4.21 |
| NOI | $24.7k | $9.82 |
2,520 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.4K
$309.3K – $412.3K
NOI $24,740 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$329.0K
$287.9K – $383.9K
NOI $23,031 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$637.5K
$557.8K – $743.8K
NOI $44,627 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex features a new 50-year metal roof and includes washer/dryer hookups in the garage with ample storage.
Where is this duplex located?
The property is located at 421-425 South 58th Street Springfield, OR.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: New 50‑year metal roof; Duplex with 2 stories and concrete perimeter foundation; Vinyl siding exterior and metal roof
