455 S 38th St Springfield, OR 97478
East Springfield NeighborhoodEstimated payment $2,819/month
Highlights
- Popular Property
- Level Lot
- Heating System Mounted To A Wall or Window
- Ductless Heating Or Cooling System
- Lap Siding
About This Home
DO NOT DISTURB TENANTS. Turn key multi family property in the heart of Springfield ready to cash flow for the next owner. Sellers have completed extensive remodel in 2023 which included: New roof, int/ext paint, flooring, electrical, plumbing, heating & AC, crawlspace insulation & vapor guard, new attic insulation, bathrooms, kitchens, ect. Front house rents for $1,795, apartment over garage rents for $1,295 & is eligible for increase. Both units are M2M. House tenant moved in 12/2025. Property is likely eligible for 1-4 more units, buyer to verify with city. LOW taxes! Sellers are licensed realtors in Oregon.
Listing Agent
Tim Duncan Real Estate Brokerage Email: tim@timduncanre.com License #201208654 Listed on: 12/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,801
Year Built
- Built in 1942
Lot Details
- 7,840 Sq Ft Lot
- Level Lot
Home Design
- Composition Roof
- Lap Siding
Interior Spaces
- 1,500 Sq Ft Home
- 2-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 6 Parking Spaces
- Driveway
Schools
- Douglas Gardens Elementary School
- Agnes Stewart Middle School
- Springfield High School
Utilities
- Ductless Heating Or Cooling System
- Mini Split Air Conditioners
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 0125276
Community Details
Overview
- 2 Units
- Property managed by Next Gen Property Management
Building Details
- Gross Income $37,080
- Net Operating Income $34,279
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,801 | $152,745 | -- | -- |
| 2024 | $2,756 | $148,297 | -- | -- |
| 2023 | $2,756 | $116,320 | $0 | $0 |
| 2022 | $2,062 | $112,933 | $0 | $0 |
| 2021 | $2,025 | $109,644 | $0 | $0 |
| 2020 | $1,966 | $106,451 | $0 | $0 |
| 2019 | $1,907 | $103,351 | $0 | $0 |
| 2018 | $1,797 | $97,418 | $0 | $0 |
| 2017 | $1,728 | $97,418 | $0 | $0 |
| 2016 | $1,692 | $94,581 | $0 | $0 |
| 2015 | $1,644 | $91,826 | $0 | $0 |
| 2014 | $1,619 | $89,151 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/04/2026 01/04/26 | Price Changed | $495,000 | -1.0% | $330 / Sq Ft | |
| 12/14/2025 12/14/25 | For Sale | $500,000 | +143.9% | $333 / Sq Ft | |
| 11/04/2022 11/04/22 | Sold | $205,000 | -18.0% | $142 / Sq Ft | View Prior Sale |
| 10/21/2022 10/21/22 | Pending | -- | -- | -- | |
| 10/17/2022 10/17/22 | For Sale | $250,000 | 0.0% | $173 / Sq Ft | |
| 10/07/2022 10/07/22 | Pending | -- | -- | -- | |
| 10/04/2022 10/04/22 | For Sale | $250,000 | 0.0% | $173 / Sq Ft | |
| 09/25/2022 09/25/22 | Pending | -- | -- | -- | |
| 09/08/2022 09/08/22 | For Sale | $250,000 | +22.0% | $173 / Sq Ft | |
| 09/06/2022 09/06/22 | Off Market | $205,000 | -- | -- | |
| 09/02/2022 09/02/22 | Price Changed | $250,000 | -16.7% | $173 / Sq Ft | |
| 08/24/2022 08/24/22 | For Sale | $300,000 | 0.0% | $207 / Sq Ft | |
| 08/05/2022 08/05/22 | Pending | -- | -- | -- | |
| 06/07/2022 06/07/22 | For Sale | $300,000 | +46.3% | $207 / Sq Ft | |
| 06/06/2022 06/06/22 | Off Market | $205,000 | -- | -- | |
| 05/18/2022 05/18/22 | Price Changed | $300,000 | -14.3% | $207 / Sq Ft | |
| 03/22/2022 03/22/22 | For Sale | $350,000 | -- | $242 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Fidelity National Title | |
| Warranty Deed | $205,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $343,000 | New Conventional | |
| Previous Owner | $153,750 | Seller Take Back |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 236528166
APN: 0125276
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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