Updated
New
For Sale
$675,000
5495 A Units 69-72 St, Springfield, OR 97478
MultiFamily, Springfield, OR
Property Size3,372 SF
Lot Size0.31 Acres
Price / SF$200.18
Days on Market3
Property Features for 5495 A Units 69-72 St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 7, Bedroom 6, Bathroom 4, Bedroom 1, Bedroom 8
Subdivision
Eden East
Elementary school
Riverbend
Middle school
Agnes Stewart
High school
Thurston
Directions
Main Street, to 54th, then right on "A" St., follow unit numbers until you reach 69-72
Standard status
Active
APN
1254406
Size
3,372 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
Map Lot: 1702334203116, TRS: T17 R02 S33 Q42, Lot: TL03116 Parcel Number:1254406
Tax Annual Amount
5608
Legal Description
Map Lot: 1702334203116, TRS: T17 R02 S33 Q42, Lot: TL03116 Parcel Number:1254406
Utilities
Heating system
Zoned
Amenities
attached storage
private carport parking
deck or patio
fenced yards
Building Details
Year built
1979
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
ICON Real Estate Group
(541) 915-2080
Listed By:
Noelle Meinzer · License #201234993
(541) 321-5849
Added: Sep 4
Last Checked: Sep 6 at 1:06PM
MLS# 735624100
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex contains 3,372 square feet across four residential units on a 0.31-acre parcel. Built in 1979, the property is zoned R-2 and includes attached storage, private carport parking, and a deck or patio for each unit. The lower-level residences also have large fenced yards.
Kitchen cabinetry and countertops, flooring, and interior and exterior paint have been updated within the past 5 years. All four units are leased on a month-to-month basis, providing flexible occupancy terms. The property is within walking distance of the Thurston LTD bus station and near shopping and freeway access.
Kitchen cabinetry and countertops, flooring, and interior and exterior paint have been updated within the past 5 years. All four units are leased on a month-to-month basis, providing flexible occupancy terms. The property is within walking distance of the Thurston LTD bus station and near shopping and freeway access.
Key Highlights
- Four‑unit quadplex totaling 3,372 square feet on 0.31 acres
- R‑2 zoning with four residential units
- Kitchen cabinets, countertops, flooring, and interior/exterior paint updated within the past 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,105
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$662,100
$662.1K
Cap Rate 7%
$472,929
$472.9K
Cap Rate 9%
$367,833
$367.8K
Market Conditions
NOI Build-Up for 3,372 SF
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.
Gross rent
$50.6K $15.00/SF
− Vacancy
−$3.3K −$0.98/SF
EGI
$47.3K $14.03/SF
− OpEx
−$14.2K −$4.21/SF
NOI
$33.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$662,100
Cap Rate 7%
$472,929
Cap Rate 9%
$367,833
Alternative Uses
Best Use
Multifamily LT 5
$472.9K
$413.8K – $551.8K
NOI $33,105 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$440.3K
$385.2K – $513.6K
NOI $30,818 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$853.1K
$746.4K – $995.3K
NOI $59,715 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
390
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?
Quadplex - Four residential units offer private outdoor space, attached storage, carport parking, and flexible month-to-month occupancy.
Where is this quadplex located?
The property is located at 5495 A Units 69-72 St Springfield, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 3,372 square feet on 0.31 acres; R‑2 zoning with four residential units; Kitchen cabinets, countertops, flooring, and interior/exterior paint updated within the past 5 years
