$499,900
SOLD OCT 9, 2025
4 Beds
2 Baths
1,600 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$312 Per Sq Ft

16% Below List Price

28 Days on Market

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

As of October 2025

Best Duplex Value in Lane County — Now Under $500K!Priced at $499,900, this Springfield duplex is offered As-Is and priced for a quick sale and close. It delivers strong income with long-term upside on a desirable corner lot. Each unit is a 2 bed/1 bath featuring updated kitchens and baths (2020 & 2022), indoor laundry, and private garages. The exterior was freshly painted in 2024, making this a turnkey, low-maintenance property.Both tenants are on month-to-month leases with professional management, producing reliable income today and offering flexibility for an owner-occupant. Current rents total ~$3,200+/month, giving investors nearly a 6% cap rate at the new price point.The property offers large front and oversized side yards, RV parking, and room for future additions or an ADU (buyer to verify). This combination of condition, cash flow, and expansion potential makes it one of the strongest duplex opportunities in the county. Conveniently located near schools, shopping, parks, and freeway access, this duplex offers both stability and growth potential. Whether you’re a seasoned investor or a buyer looking to live in one unit while renting the other, this is a rare value.Seller is a Licensed Broker in the State of Oregon.

Last Agent to Sell the Property

Amanda Hanson

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

Last Buyer's Agent

Brent Cole

Triple Oaks Realty LLC License #200607178

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: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1975
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 499900.0
  • Open House: No
  • Special Features: VirtualTour
  • 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: 12.96
  • Annual Gross Income: 38580.0
  • Property Net Operating Income: 32522.0
  • Annual Operating Expense: 6058.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2025
Closed on
Oct 8, 2025
Sold by
Hanson Rocky and Hanson Amanda
Bought by
Young Doris Elaine
Seller's Agent
Amanda Hanson
Assist 2 Sell-Buyers & Sellers
Buyer's Agent
Brent Cole
Triple Oaks Realty LLC
List Price
$595,000
Sold Price
$499,900
Premium/Discount to List
-$95,100
-15.98%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.73%
Original Mortgage
$319,500
Outstanding Balance
$319,500
Interest Rate
6.56%
Mortgage Type
New Conventional
Estimated Equity
$170,004

Purchase Details

Listed on
Apr 2, 2020
Closed on
Jul 15, 2020
Sold by
Housing Authority & Cmnty Svcs Agcy Of L
Bought by
Hanson Rocky and Hanson Amanda
Seller's Agent
James St Clair
St Clair Properties
Buyer's Agent
Amanda Hanson
Assist 2 Sell-Buyers & Sellers
List Price
$319,000
Sold Price
$330,000
Premium/Discount to List
$11,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.25%
Original Mortgage
$324,022
Interest Rate
3.1%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $499,900 Cascade Title
Warranty Deed $330,000 Cascade Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $319,500 New Conventional
Previous Owner $324,022 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2025 10/09/25 Sold $499,900 0.0% $312 / Sq Ft
09/05/2025 09/05/25 Pending -- -- --
08/28/2025 08/28/25 Price Changed $499,900 -8.2% $312 / Sq Ft
08/24/2025 08/24/25 Price Changed $544,400 -5.3% $340 / Sq Ft
08/22/2025 08/22/25 Price Changed $575,000 -3.4% $359 / Sq Ft
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 View Prior Sale
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)

Tax History Compared to Growth

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
2025 $3,080 $167,940 -- --
2024 $3,030 $163,049 -- --
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

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 673727097

Regional Multiple Listing Service (RMLS)

APN: 1069309