608 4th St Springfield, OR 97477
Washburne District NeighborhoodEstimated payment $4,080/month
Highlights
- City View
- No HOA
- Baseboard Heating
- Corner Lot
- Storage
- Laundry Facilities
About This Home
Outstanding investment opportunity in the heart of Springfield's desirable Washburne District. Situated on a corner lot with alley access, this well-maintained fourplex offers excellent income potential with the added possibility of future development. The City has indicated there may be room to build a duplex on the west side of the property; buyers are encouraged to perform their own due diligence regarding development potential.The property consists of four one-bedroom, one-bath units, each featuring a living room and kitchen. One of the four units have been substantially updated, with Unit 1 receiving a beautiful, complete remodel that includes red oak hardwood floors, granite countertops, all-new appliances, new electrical, and a new sink and toilet. Unit 2 features new flooring, appliances, windows, base cabinets, and countertops. Unit 3 has new laminate flooring and carpet, while Unit 4 offers red oak hardwood floors and vinyl windows.Additional improvements include a new roof installed in 2023, vinyl windows, a new water heater, and a shared laundry room with a new coin-operated washer and dryer. Tenants also enjoy abundant off-street concrete parking and the convenience of a Level 2 electric vehicle charger. The property is zoned Medium Density Residential, offering excellent long-term investment potential. Shown by accepted offer only.Seller pays $70 per month for exterminator, $23 gas, $36 electric, $100 gardener, $125 maid service for common areas. Laundry income is $70 per month.
Listing Agent
RE/MAX Integrity Brokerage Phone: 541-345-8100 License #960400135 Listed on: 07/08/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,855
Year Built
- Built in 1910 | Remodeled
Lot Details
- 10,454 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,792 Sq Ft Home
- 2-Story Property
- Storage
- City Views
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- Paved Parking
- Controlled Entrance
Schools
- Two Rivers Elementary School
- Hamlin Middle School
- Springfield High School
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 0311645
Community Details
Overview
- No Home Owners Association
- 4 Units
- Washburne Historic District Subdivision
Amenities
- Laundry Facilities
Building Details
- Operating Expense $14,160
- Gross Income $56,712
- Net Operating Income $42,552
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,855 | $155,691 | ||
| 2024 | $2,809 | $151,157 | ||
| 2023 | $2,809 | $146,755 | $0 | $0 |
| 2022 | $2,601 | $142,481 | $0 | $0 |
| 2021 | $2,555 | $138,332 | $0 | $0 |
| 2020 | $2,480 | $134,303 | $0 | $0 |
| 2019 | $2,406 | $130,392 | $0 | $0 |
| 2018 | $2,268 | $122,908 | $0 | $0 |
| 2017 | $2,180 | $122,908 | $0 | $0 |
| 2016 | $2,135 | $119,328 | $0 | $0 |
| 2015 | $2,074 | $115,852 | $0 | $0 |
| 2014 | $2,042 | $112,478 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/08/2026 07/08/26 | For Sale | $699,000 | +16.5% | $390 / Sq Ft | |
| 03/11/2022 03/11/22 | Sold | $600,000 | +33.6% | $335 / Sq Ft | View Prior Sale |
| 02/16/2022 02/16/22 | Pending | -- | -- | -- | |
| 02/08/2022 02/08/22 | For Sale | $449,000 | -- | $251 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $209,900 | Western Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $76,370 | Credit Line Revolving | |
| Open | $405,000 | New Conventional | |
| Previous Owner | $206,097 | FHA |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 479826573
APN: 0311645
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.
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 © 2026 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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