Country Duplex with Pasture
87851 Cedar Flat Road Springfield, OR 97478
87851 Cedar Flat Road, Springfield, OR, 97478
$799,900
For Sale
$799,900
Two-unit duplex with 5 and 4 bedrooms plus full baths, set on level usable pasture land.
Property Size3,584 SF
Price / SF$223.19
Days on Market155
Property Features for 87851 Cedar Flat Road
General Information
- Standard status
- Active
- Size
- 3,584 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1997
Listing agency
RE/MAX Integrity
(541) 345-8100
Listed by
Michael Sims · License #910200151
(541) 345-8100
Source
Compass
Added: Feb 18 Updated: Jul 22 at 11:46AM Checked: Jul 22 at 11:46AM
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 RE/MAX Integrity
Investment Insights
Based on property information with market context.
This country duplex offers two separate living setups: one side features 5 bedrooms and 2 full baths, and the other side has 4 bedrooms and 2 full baths. The property also includes over a full acre of level, usable pasture land, which the current offering describes as suited for livestock, crops, and outbuildings.
The location is described as close-in, adjacent to the Cedar Flat community. Cedar Flat’s local restaurant, coffee shop, convenience store, and gas station are noted as within walking distance.
The listing reports gross annual income of $52,200, providing context for both investor and owner-occupant scenarios.
The location is described as close-in, adjacent to the Cedar Flat community. Cedar Flat’s local restaurant, coffee shop, convenience store, and gas station are noted as within walking distance.
The listing reports gross annual income of $52,200, providing context for both investor and owner-occupant scenarios.
Key Highlights
- Duplex with 2 stories and concrete perimeter foundation
- One side offers 5 bedrooms and 2 full baths; other side offers 4 bedrooms and 2 full baths
- Year built 1997 with composition roof
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 | $53.8k | $15.00 |
| − Vacancy | −$3.5k | −$0.98 |
| EGI | $50.3k | $14.03 |
| − OpEx | −$15.1k | −$4.21 |
| NOI | $35.2k | $9.82 |
3,584 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$502.7K
$439.8K – $586.4K
NOI $35,186 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$467.9K
$409.4K – $545.9K
NOI $32,755 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$906.7K
$793.4K – $1.06M
NOI $63,469 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex with 5 and 4 bedrooms plus full baths, set on level usable pasture land.
Where is this duplex located?
The property is located at 87851 Cedar Flat Road Springfield, OR.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Duplex with 2 stories and concrete perimeter foundation; One side offers 5 bedrooms and 2 full baths; other side offers 4 bedrooms and 2 full baths; Year built 1997 with composition roof
