$595,000

Estimated payment $3,509/month

Total Views 223
4 Beds
2 Baths
1,600 Sq Ft
$372 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Ductless Heating Or Cooling System
  • Heating unit installed on the ceiling
  • Corner Lot
  • Landscaped with Trees
  • 2 Car Garage

About This Home

Fantastic investment opportunity in a desirable Springfield neighborhood! This well-maintained duplex features two spacious 2-bedroom, 1-bath units, each with approximately 800 sq ft of living space. Both units have been updated with remodeled kitchens and bathrooms, with one unit updated in 2020 and the other in 2022. The exterior was freshly painted in 2024, adding to the property's curb appeal. Situated on a large corner lot with generous side yards, this property also includes indoor laundry rooms and a nice one-car garage for each unit. The property is managed by Next Generation PM and boasts excellent rental history. One unit will remain tenant-occupied under a 12-month lease post-closing, making it a great opportunity for investors looking for stable rental income. Please do not disturb tenants. Contact your agent for more information! Seller is a licensed agent in the State of Oregon.

Listing Agent

Amanda Hanson

Assist 2 Sell-Buyers & Sellers License #200309235 Listed on: 08/08/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,030

Year Built

  • Built in 1975

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot
  • Landscaped with Trees

Parking

  • 2 Car Garage
  • Driveway

Property Views

  • Woods
  • Mountain

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Security Lights

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Riverbend Elementary School
  • Agnes Stewart Middle School
  • Thurston High School

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating unit installed on the ceiling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1069309

Community Details

Overview

  • 2 Units
  • Property managed by Next Generation PM

Building Details

  • Operating Expense $6,058
  • Gross Income $38,580
  • Net Operating Income $32,522

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,030

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1975
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attic,Garage
  • Total Bedrooms: 4
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, Trees
  • Roof: Composition
  • View: Mountain,TreesWoods

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: SecurityLights
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: Ceiling, Ductless
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Next Generation PM
  • Management Phone: 541-285-7384

Schools

  • Elementary School: Riverbend
  • High School: Thurston
  • Middle Or Junior School: Agnes Stewart

Lot Info

  • Zoning: R-1
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 1069309

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3029.74

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.42
  • Annual Gross Income: 38580.0
  • Property Net Operating Income: 32522.0
  • Annual Operating Expense: 6058.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2023 $3,030 $158,300 $0 $0
2022 $2,806 $153,690 $0 $0
2021 $2,756 $149,214 $0 $0
2020 $0 $166,251 $0 $0
2019 $0 $161,409 $0 $0
2018 $0 $152,144 $0 $0
2017 $0 $152,144 $0 $0
2016 -- $147,713 $0 $0
2015 -- $143,411 $0 $0
2014 -- $139,234 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 For Sale $595,000 +80.3% $372 / Sq Ft
07/15/2020 07/15/20 Sold $330,000 +3.4% $206 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
05/26/2020 05/26/20 For Sale $319,000 0.0% $199 / Sq Ft
04/15/2020 04/15/20 Pending -- -- --
04/02/2020 04/02/20 For Sale $319,000 -- $199 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $330,000 Cascade Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $50,064 New Conventional
Open $321,726 FHA
Closed $324,022 FHA
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 673727097

Regional Multiple Listing Service (RMLS)

APN: 1069309