$399,000

5570 B St Springfield, OR 97478

East Springfield Neighborhood

Estimated payment $2,313/month

Total Views 583
4 Beds
2 Baths
1,256 Sq Ft
$318 Price per Sq Ft

Highlights

  • Popular Property
  • Baseboard Heating
  • 1-Story Property
  • No HOA
  • Wood Siding

About This Home

Two Homes, on One Lot! Great investment opportunity. Strong rental history. Property is close to many amenities, parks, and schools.

Listing Agent

Javan Gray

Emerald Property Management In License #201223245 Listed on: 12/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,635

Year Built

  • Built in 1948

Lot Details

  • 0.25 Acre Lot
  • Dirt Road

Parking

  • Driveway

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,256 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0137354

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Property managed by Emerald Property Management

Building Details

  • Operating Expense $5,048
  • Gross Income $27,871
  • Net Operating Income $22,823

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,635

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1948
  • Property Attached Yn: No
  • Current Price For Status: 399000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 4
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Road Surface Type: Dirt
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Management Name: Emerald Property Management
  • Management Phone: 541-741-4676
  • Association: No

Schools

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

Lot Info

  • Zoning: R-1
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 0137354

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2025
  • Tax Annual Amount: 2634.92

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.32
  • Annual Gross Income: 27871.0
  • Property Net Operating Income: 22823.0
  • Annual Operating Expense: 5048.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $402 $21,935 -- --
2024 $2,956 $159,081 -- --
2023 $2,956 $154,448 $0 $0
2022 $2,738 $149,950 $0 $0
2021 $2,689 $145,583 $0 $0
2020 $2,610 $141,343 $0 $0
2019 $2,532 $137,227 $0 $0
2018 $2,386 $129,350 $0 $0
2017 $2,295 $129,350 $0 $0
2016 $2,247 $125,583 $0 $0
2015 $2,182 $121,925 $0 $0
2014 $2,148 $118,374 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2025 12/01/25 For Sale $399,000 +32.1% $318 / Sq Ft
12/15/2023 12/15/23 Sold $302,000 +23.3% $240 / Sq Ft View Prior Sale
12/05/2023 12/05/23 Pending -- -- --
11/29/2023 11/29/23 For Sale $245,000 -- $195 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $302,000 Deschutes County Title
Warranty Deed -- --
Bargain Sale Deed $60,000 Western Title & Escrow Compa
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $45,000 Credit Line Revolving
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 426887173

Regional Multiple Listing Service (RMLS)

APN: 0137354

Oregon Lane County Springfield 97478 East Springfield

5570 B St, Springfield, OR

For Sale

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Nearby Homes
Listing Agent
Javan Gray
Section Image
Emerald Property Management In
(458) 254-3510