Duplex with Updated Flooring and Metal
For Sale
$480,000
421 /425 S 58th St, Springfield, OR 97478
Garage laundry hookups, extra storage, and access to transit, retail, and nearby highways add practical convenience.
Property Size2,520 SF
Price / SF$190.48
Days on Market86
Property Features for 421 /425 S 58th St
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi-Family
Building Details
Year Built
1998
Listing Agency:
Keystone Real Estate
Listed By:
Stephen Nielsen · License #201206554
(541) 746-1233
Source:
Rosecityrealtygroup
Added: Jul 22
Changed: Oct 3
Last Checked: Oct 15 at 3:33AM
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 was built in 1998 and contains 2,520 square feet. The 421 side has new luxury vinyl plank flooring, while the property also features a new 50-year metal roof. Garage washer and dryer hookups provide utility space, and additional storage is available in the garage.
The property is located near a bus line and stores, with access to Hwy 126 and Bob Staub Highway. Its Springfield address places everyday transportation and shopping options close to the property.
The property is located near a bus line and stores, with access to Hwy 126 and Bob Staub Highway. Its Springfield address places everyday transportation and shopping options close to the property.
Key Highlights
- 2,520‑square‑foot duplex built in 1998
- New 50‑year metal roof
- New luxury vinyl plank flooring on the 421 side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,740
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,800
$494.8K
Cap Rate 7%
$353,429
$353.4K
Cap Rate 9%
$274,889
$274.9K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$37.8K $15.00/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$35.3K $14.03/SF
− OpEx
−$10.6K −$4.21/SF
NOI
$24.7K $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%
$494,800
Cap Rate 7%
$353,429
Cap Rate 9%
$274,889
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
316
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
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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 - Garage laundry hookups, extra storage, and access to transit, retail, and nearby highways add practical convenience.
Where is this duplex located?
The property is located at 421 /425 S 58th St 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: 2,520‑square‑foot duplex built in 1998; New 50‑year metal roof; New luxury vinyl plank flooring on the 421 side
