NOT LISTED FOR SALE

5495 A Units 85-88 St Springfield, OR 97478

East Springfield Neighborhood
-- Bed
-- Bath
3,372 Sq Ft
1979 Built

Last Sold May 10, 2024

Last sale price $500,000 $148 Per Sq Ft

25 Days on Market

Highlights

  • Mountain View
  • Zoned Heating
  • Wood Siding
  • Landscaped with Trees
  • Level Lot

About This Home

As of May 2024

Don't miss out on this lucrative opportunity in Thurston with a well-positioned 4-plex offering both convenience and potential. Situated within walking distance to the Thurston LTD bus station and close to shopping centers and freeway access, this property promises excellent accessibility. Among a complex of 22 4-plex units, this property stands out for its well-maintained condition and spacious units, ensuring tenant satisfaction. Whether you're a seasoned investor or looking to start your portfolio, this Thurston 4-plex offers an attractive package of location, maintenance, and income potential. Total of 3x Four plex's listed by seller. See RMLS #24222095 & #24636597.

Last Agent to Sell the Property

Josh Cooley

Keller Williams The Cooley Real Estate Group License #200709155 Listed on: 03/15/2024

Keller Williams The Cooley Real Estate Group

Last Buyer's Agent

Brian House

Keller Williams The Cooley Real Estate Group License #201220849

Keller Williams The Cooley Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • Level Lot
  • Landscaped with Trees

Home Design

  • Stem Wall Foundation
  • Composition Roof
  • Wood Siding
  • Plywood Siding Panel T1-11

Interior Spaces

  • 3,372 Sq Ft Home
  • 2-Story Property
  • Mountain Views
  • Crawl Space
  • Dishwasher

Parking

  • 6 Parking Spaces
  • Carport
  • Off-Street Parking

Schools

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

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 1398435

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $22,740
  • Gross Income $50,484
  • Net Operating Income $27,744

Property Details

Home Type

Multi-Family

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1979
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: IndividualStorageUnits,Locked
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding,WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: StemWall
  • View: Yes
  • Lot Features: Level, Trees
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Mountain

Garage/Parking

  • Parking Description: Carport, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: MD
  • Parcel #: 1398435

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral Desc: NonP & Afford H
  • Tax Deferral: Yes
  • Tax Year: 2023

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.88
  • Annual Gross Income: 50484.0
  • Property Net Operating Income: 27744.0
  • Annual Operating Expense: 22740.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold $500,000 -23.1% $148 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $650,000 -- $193 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Josh Cooley

    Seller's Agent in 2024

    Josh Cooley

    Keller Williams The Cooley Real Estate Group

    (541) 359-1999

    13 in this area

    359 Total Sales

    Josh Cooley
    Section Image

  • B

    Buyer's Agent in 2024

    Brian House

    Keller Williams The Cooley Real Estate Group

    (541) 513-3603

    6 in this area

    202 Total Sales

    Brian House
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24497892

Regional Multiple Listing Service (RMLS)

Oregon Lane County Springfield 97478 East Springfield

5495 A Units 85-88 St, Springfield, OR

This home is located at 5495 A Units 85-88 St, Springfield, OR 97478 since 15 March 2024. This property was built in 1979. 5495 A Units 85-88 St is a home located in Lane County with nearby schools including Riverbend Elementary School, Agnes Stewart Middle School, and Thurston High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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