Description
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.
Details
| MLS # | 479826573 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 79 |
| Listing Provided By | RE/MAX Integrity | Renee Swartz |
Features
| SQ Feet | 1,792 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Muli |
| Acreage | 0.24 |
| Property View | City |
Interior
| Heating | Baseboard, Wall Heater |
|---|---|
| Heating Yn | Yes |
| Cooling Yn | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Entry |
| Foundation Details | Concrete Perimeter |
| Lot Features | Corner Lot, Level |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Paved |
Taxes
| Property | 2854 |
|---|
Area Information
| State | OR |
|---|---|
| County | Lane |
| City | Springfield |
| Zip Code | 97477 |
| Community Name | WASHBURNE HISTORIC DISTRICT |
| School District | Springfield |
| Elementary School | Two Rivers |
| High School | Springfield |
| Listing VS Median (in WASHBURNE HISTORIC DISTRICT) | |
Price: $699,000 low | high Med: $385,000 sqft: 1,792 low | high Med: 796 $ / sqft: $390 low | high Med: $484 On site: 79 low | high Med: 34 | |
Market Activity 97477
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Learn More About This Property
| State | OR |
|---|---|
| County | Lane |
| City | Springfield |
| Zip Code | 97477 |
| Community Name | WASHBURNE HISTORIC DISTRICT |
| School District | Springfield |
| Elementary School | Two Rivers |
| High School | Springfield |
| Listing VS Median (in WASHBURNE HISTORIC DISTRICT) | |
Price: $699,000 low | high Med: $385,000 sqft: 1,792 low | high Med: 796 $ / sqft: $390 low | high Med: $484 On site: 79 low | high Med: 34 | |
 | $325,000533 D StSpringfield, OR 97477 |